Prospera Financial Services Inc Sells 209 Shares of Humana Inc. (NYSE:HUM)

Prospera Financial Services Inc lowered its position in shares of Humana Inc. (NYSE:HUM) by 12.3% in the 3rd quarter, Holdings Channel.com reports. The fund owned 1,493 shares of the insurance provider’s stock after selling 209 shares during the quarter. Prospera Financial Services Inc’s holdings in Humana were worth $474,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the company. Quest Partners LLC bought a new stake in shares of Humana in the third quarter worth approximately $701,000. S&CO Inc. boosted its holdings in Humana by 16.4% in the third quarter. S&CO Inc. now owns 33,760 shares of the insurance provider’s stock worth $10,693,000 after purchasing an additional 4,762 shares during the last quarter. Thrivent Financial for Lutherans grew its position in Humana by 55.6% in the 3rd quarter. Thrivent Financial for Lutherans now owns 600,317 shares of the insurance provider’s stock worth $190,145,000 after purchasing an additional 214,535 shares during the period. AM Squared Ltd raised its stake in Humana by 200.0% during the 3rd quarter. AM Squared Ltd now owns 300 shares of the insurance provider’s stock valued at $95,000 after buying an additional 200 shares during the last quarter. Finally, Mutual of America Capital Management LLC lifted its holdings in shares of Humana by 12.4% during the 3rd quarter. Mutual of America Capital Management LLC now owns 21,717 shares of the insurance provider’s stock valued at $6,879,000 after buying an additional 2,395 shares during the period. 92.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on HUM shares. JPMorgan Chase & Co. increased their target price on Humana from $332.00 to $396.00 and gave the company a “neutral” rating in a report on Wednesday, August 21st. Bank of America raised shares of Humana from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from $247.00 to $308.00 in a report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Humana from $349.00 to $250.00 and set a “hold” rating for the company in a report on Thursday, October 3rd. Piper Sandler cut shares of Humana from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $392.00 to $274.00 in a research note on Thursday, October 3rd. Finally, Cantor Fitzgerald restated a “neutral” rating and issued a $395.00 price objective on shares of Humana in a research note on Tuesday, October 1st. Twenty investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $315.86.

Humana Trading Up 0.8 %

Shares of HUM opened at $298.11 on Friday. Humana Inc. has a twelve month low of $213.31 and a twelve month high of $527.18. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.67. The company’s fifty day simple moving average is $276.83 and its 200-day simple moving average is $330.68. The company has a market cap of $35.90 billion, a P/E ratio of 26.40, a P/E/G ratio of 2.33 and a beta of 0.52.

Humana (NYSE:HUM) last announced its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $4.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.48 by $0.68. The business had revenue of $29.30 billion during the quarter, compared to the consensus estimate of $28.66 billion. Humana had a net margin of 1.18% and a return on equity of 13.20%. As a group, analysts expect that Humana Inc. will post 15.86 EPS for the current year.

Humana Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be given a $0.885 dividend. This represents a $3.54 annualized dividend and a yield of 1.19%. The ex-dividend date of this dividend is Tuesday, December 31st. Humana’s dividend payout ratio (DPR) is presently 31.36%.

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.