Hartford Funds Management Co LLC Acquires New Shares in Humana Inc. $HUM

Hartford Funds Management Co LLC acquired a new position in Humana Inc. (NYSE:HUM) in the 1st quarter, Holdings Channel reports. The firm acquired 2,417 shares of the insurance provider’s stock, valued at approximately $419,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HUM. Sound View Wealth Advisors Group LLC grew its holdings in shares of Humana by 3.5% during the 4th quarter. Sound View Wealth Advisors Group LLC now owns 1,060 shares of the insurance provider’s stock worth $272,000 after purchasing an additional 36 shares during the period. CoreCap Advisors LLC raised its holdings in Humana by 54.4% in the 4th quarter. CoreCap Advisors LLC now owns 105 shares of the insurance provider’s stock valued at $27,000 after buying an additional 37 shares during the period. Columbus Macro LLC lifted its position in Humana by 5.5% in the fourth quarter. Columbus Macro LLC now owns 821 shares of the insurance provider’s stock valued at $210,000 after buying an additional 43 shares during the last quarter. Fiduciary Alliance LLC boosted its stake in Humana by 0.9% during the first quarter. Fiduciary Alliance LLC now owns 5,628 shares of the insurance provider’s stock worth $976,000 after buying an additional 49 shares during the period. Finally, Sanctuary Advisors LLC boosted its stake in Humana by 1.6% during the fourth quarter. Sanctuary Advisors LLC now owns 3,389 shares of the insurance provider’s stock worth $868,000 after buying an additional 52 shares during the period. Institutional investors and hedge funds own 92.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Royal Bank Of Canada boosted their price target on shares of Humana from $246.00 to $415.00 and gave the company a “sector perform” rating in a research note on Thursday. William Blair began coverage on shares of Humana in a report on Wednesday, May 20th. They issued an “outperform” rating for the company. Leerink Partners lifted their target price on shares of Humana from $185.00 to $255.00 and gave the company a “market perform” rating in a report on Thursday, April 30th. Morgan Stanley upped their price target on Humana from $217.00 to $249.00 and gave the stock an “underweight” rating in a research note on Thursday, June 4th. Finally, Jefferies Financial Group upgraded Humana from a “buy” rating to a “buy” rating in a research report on Wednesday, May 20th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, sixteen have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $315.70.

Humana Stock Up 3.5%

Shares of HUM opened at $405.81 on Tuesday. The company’s 50-day simple moving average is $342.18 and its 200-day simple moving average is $256.22. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.77 and a current ratio of 1.77. Humana Inc. has a 1 year low of $163.11 and a 1 year high of $415.00. The stock has a market capitalization of $48.72 billion, a PE ratio of 43.40, a P/E/G ratio of 2.24 and a beta of 0.71.

Humana (NYSE:HUM) last announced its quarterly earnings data on Wednesday, April 29th. The insurance provider reported $10.31 earnings per share for the quarter, beating analysts’ consensus estimates of $9.97 by $0.34. Humana had a net margin of 0.82% and a return on equity of 10.45%. The firm had revenue of $39.65 billion during the quarter, compared to analysts’ expectations of $39.37 billion. During the same quarter in the previous year, the business posted $11.58 earnings per share. The business’s quarterly revenue was up 23.5% compared to the same quarter last year. Humana has set its FY 2026 guidance at 9.000- EPS. Analysts forecast that Humana Inc. will post 9.03 earnings per share for the current fiscal year.

Humana Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, June 26th will be paid a $0.885 dividend. The ex-dividend date is Friday, June 26th. This represents a $3.54 annualized dividend and a dividend yield of 0.9%. Humana’s payout ratio is 37.86%.

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.