Humana Inc. (NYSE:HUM) Position Boosted by Teacher Retirement System of Texas

Teacher Retirement System of Texas raised its holdings in Humana Inc. (NYSE:HUM - Free Report) by 202.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,510 shares of the insurance provider's stock after purchasing an additional 14,408 shares during the quarter. Teacher Retirement System of Texas' holdings in Humana were worth $5,692,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. denkapparat Operations GmbH acquired a new position in shares of Humana during the 4th quarter worth about $323,000. Allstate Corp acquired a new position in shares of Humana during the 4th quarter worth about $905,000. Deutsche Bank AG boosted its position in shares of Humana by 18.2% during the 4th quarter. Deutsche Bank AG now owns 631,371 shares of the insurance provider's stock worth $160,185,000 after acquiring an additional 97,071 shares in the last quarter. Janney Montgomery Scott LLC acquired a new stake in shares of Humana in the 1st quarter valued at about $1,309,000. Finally, Fred Alger Management LLC acquired a new stake in shares of Humana in the 4th quarter valued at about $451,000. Hedge funds and other institutional investors own 92.38% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on HUM. Oppenheimer raised their price target on Humana from $300.00 to $310.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Guggenheim began coverage on Humana in a report on Wednesday, April 9th. They issued a "buy" rating and a $326.00 price target for the company. Robert W. Baird raised their price target on Humana from $270.00 to $300.00 and gave the company a "neutral" rating in a report on Tuesday, April 15th. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $290.00 price objective on shares of Humana in a research note on Thursday, May 1st. Finally, Bank of America dropped their price objective on Humana from $320.00 to $260.00 and set a "neutral" rating for the company in a research note on Tuesday, June 17th. Sixteen equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $280.76.

Humana Stock Up 0.5%

Shares of NYSE HUM traded up $1.10 during midday trading on Tuesday, reaching $238.31. 42,571 shares of the company's stock were exchanged, compared to its average volume of 1,809,066. The business's fifty day moving average price is $239.76 and its two-hundred day moving average price is $258.95. Humana Inc. has a 52-week low of $212.45 and a 52-week high of $406.46. The stock has a market capitalization of $28.76 billion, a PE ratio of 16.81, a price-to-earnings-growth ratio of 1.81 and a beta of 0.44. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.91 and a current ratio of 1.91.

Humana (NYSE:HUM - Get Free Report) last posted its earnings results on Wednesday, April 30th. The insurance provider reported $11.58 EPS for the quarter, beating the consensus estimate of $10.07 by $1.51. The company had revenue of $32.11 billion during the quarter, compared to analyst estimates of $32 billion. Humana had a return on equity of 14.47% and a net margin of 1.42%. The business's revenue was up 8.4% compared to the same quarter last year. During the same period in the prior year, the company earned $7.23 earnings per share. Analysts forecast that Humana Inc. will post 16.47 EPS for the current year.

Humana Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Investors of record on Friday, June 27th will be issued a $0.885 dividend. This represents a $3.54 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend is Friday, June 27th. Humana's dividend payout ratio (DPR) is 25.04%.

About Humana

Humana Inc, together with its subsidiaries, provides medical and specialty insurance products in the United States. It operates through two segments, Insurance and CenterWell. The company offers medical and supplemental benefit plans to individuals. It has a contract with Centers for Medicare and Medicaid Services to administer the Limited Income Newly Eligible Transition prescription drug plan program; and contracts with various states to provide Medicaid, dual eligible, and long-term support services benefits.