Teacher Retirement System of Texas Increases Stake in Humana Inc. $HUM

Teacher Retirement System of Texas boosted its holdings in shares of Humana Inc. (NYSE:HUM) by 12.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 63,332 shares of the insurance provider’s stock after buying an additional 7,046 shares during the quarter. Teacher Retirement System of Texas’ holdings in Humana were worth $16,477,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Ridgewood Investments LLC boosted its holdings in Humana by 21.3% in the third quarter. Ridgewood Investments LLC now owns 1,140 shares of the insurance provider’s stock valued at $297,000 after purchasing an additional 200 shares during the period. Covestor Ltd raised its position in Humana by 46.0% in the 3rd quarter. Covestor Ltd now owns 663 shares of the insurance provider’s stock valued at $173,000 after purchasing an additional 209 shares in the last quarter. CVA Family Office LLC boosted its stake in shares of Humana by 92.7% in the 3rd quarter. CVA Family Office LLC now owns 422 shares of the insurance provider’s stock valued at $110,000 after buying an additional 203 shares during the period. Rakuten Investment Management Inc. purchased a new position in shares of Humana in the 3rd quarter valued at about $10,823,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH grew its position in shares of Humana by 3.2% during the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 81,604 shares of the insurance provider’s stock worth $21,231,000 after buying an additional 2,509 shares in the last quarter. Institutional investors and hedge funds own 92.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on HUM shares. Mizuho lifted their price target on shares of Humana from $300.00 to $345.00 and gave the stock an “outperform” rating in a research note on Thursday, October 9th. Truist Financial reduced their price objective on shares of Humana from $300.00 to $285.00 and set a “hold” rating on the stock in a report on Monday, November 10th. Bank of America boosted their target price on shares of Humana from $280.00 to $300.00 and gave the stock a “neutral” rating in a research note on Friday, October 10th. Jefferies Financial Group raised Humana from a “hold” rating to a “buy” rating and increased their target price for the company from $253.00 to $313.00 in a report on Friday, December 5th. Finally, Morgan Stanley reaffirmed an “underperform” rating on shares of Humana in a report on Thursday, December 18th. Eight equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $293.37.

Humana Stock Performance

NYSE HUM opened at $265.68 on Friday. The company has a fifty day moving average of $258.26 and a two-hundred day moving average of $264.66. The company has a market capitalization of $31.95 billion, a PE ratio of 24.90, a P/E/G ratio of 2.19 and a beta of 0.45. Humana Inc. has a 1 year low of $206.87 and a 1 year high of $315.35. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.02 and a quick ratio of 2.02.

Humana (NYSE:HUM) last posted its earnings results on Wednesday, November 5th. The insurance provider reported $3.24 EPS for the quarter, topping analysts’ consensus estimates of $2.95 by $0.29. The business had revenue of $32.65 billion for the quarter, compared to analysts’ expectations of $31.99 billion. Humana had a return on equity of 12.86% and a net margin of 1.02%.The business’s revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.16 earnings per share. As a group, analysts expect that Humana Inc. will post 16.47 earnings per share for the current year.

Humana Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Friday, December 26th will be issued a $0.885 dividend. This represents a $3.54 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, December 26th. Humana’s dividend payout ratio is presently 33.18%.

Humana Profile

Humana Inc (NYSE: HUM) is a health insurance company headquartered in Louisville, Kentucky, that primarily serves individuals and groups across the United States. The company is best known for its Medicare business, offering Medicare Advantage plans and prescription drug (Part D) coverage, alongside a range of commercial and employer-sponsored group health plans. Humana’s products are designed to cover medical, behavioral health and pharmacy needs for members, with particular emphasis on seniors and Medicare-eligible populations.

In addition to traditional insurance products, Humana provides care-management and wellness services intended to support chronic-condition management, preventive care and care coordination.