Citizens Financial Group Inc. RI Makes New Investment in Humana Inc. $HUM

Citizens Financial Group Inc. RI purchased a new position in Humana Inc. (NYSE:HUM) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 1,861 shares of the insurance provider’s stock, valued at approximately $739,000.

Other large investors also recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Humana by 4.1% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 250,330 shares of the insurance provider’s stock valued at $66,207,000 after buying an additional 9,960 shares in the last quarter. Sustainable Insight Capital Management LLC increased its stake in Humana by 23.7% during the 4th quarter. Sustainable Insight Capital Management LLC now owns 24,757 shares of the insurance provider’s stock valued at $6,341,000 after buying an additional 4,740 shares during the period. Swedbank AB raised its position in shares of Humana by 6.2% during the 4th quarter. Swedbank AB now owns 111,803 shares of the insurance provider’s stock worth $28,636,000 after buying an additional 6,534 shares in the last quarter. North Dakota State Investment Board bought a new stake in shares of Humana during the 4th quarter worth about $1,517,000. Finally, Pzena Investment Management LLC lifted its stake in shares of Humana by 1.0% in the 4th quarter. Pzena Investment Management LLC now owns 4,072,208 shares of the insurance provider’s stock worth $1,043,015,000 after acquiring an additional 41,125 shares during the period. 92.38% of the stock is owned by institutional investors and hedge funds.

Humana Price Performance

NYSE HUM opened at $377.18 on Thursday. The stock has a market capitalization of $45.29 billion, a P/E ratio of 35.68, a P/E/G ratio of 2.18 and a beta of 0.72. Humana Inc. has a 1 year low of $163.11 and a 1 year high of $428.88. The business’s fifty day moving average is $383.16 and its two-hundred day moving average is $279.59. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.74 and a current ratio of 1.74.

Humana (NYSE:HUM) last announced its quarterly earnings data on Wednesday, July 29th. The insurance provider reported $7.61 EPS for the quarter, beating analysts’ consensus estimates of $7.27 by $0.34. The company had revenue of $40.89 billion during the quarter, compared to the consensus estimate of $40.58 billion. Humana had a return on equity of 11.20% and a net margin of 0.88%.The company’s quarterly revenue was up 26.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $6.27 EPS. On average, research analysts forecast that Humana Inc. will post 9.08 earnings per share for the current fiscal year.

Analysts Set New Price Targets

HUM has been the subject of several recent analyst reports. William Blair began coverage on shares of Humana in a report on Wednesday, May 20th. They issued an “outperform” rating for the company. Barclays boosted their target price on Humana from $344.00 to $407.00 and gave the stock an “equal weight” rating in a report on Friday, July 31st. Wolfe Research raised Humana from a “peer perform” rating to an “outperform” rating in a research note on Thursday, July 30th. Zacks Research lowered Humana from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 11th. Finally, Robert W. Baird set a $390.00 price target on Humana in a research report on Thursday, July 30th. Fourteen research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $395.22.

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.