William Blair Investment Management LLC Sells 3,288 Shares of Humana Inc. (NYSE:HUM)

William Blair Investment Management LLC lowered its position in Humana Inc. (NYSE:HUM) by 27.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,872 shares of the insurance provider’s stock after selling 3,288 shares during the quarter. William Blair Investment Management LLC’s holdings in Humana were worth $3,315,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of HUM. Pzena Investment Management LLC increased its stake in shares of Humana by 538.7% during the second quarter. Pzena Investment Management LLC now owns 2,318,347 shares of the insurance provider’s stock valued at $866,250,000 after buying an additional 1,955,375 shares during the period. Norges Bank purchased a new position in Humana during the 4th quarter valued at about $676,800,000. Sanders Capital LLC bought a new stake in shares of Humana in the 4th quarter valued at about $489,300,000. Ontario Teachers Pension Plan Board lifted its position in shares of Humana by 11,647.2% in the 1st quarter. Ontario Teachers Pension Plan Board now owns 1,059,478 shares of the insurance provider’s stock worth $367,342,000 after purchasing an additional 1,050,459 shares during the period. Finally, Putnam Investments LLC boosted its stake in shares of Humana by 550.3% during the fourth quarter. Putnam Investments LLC now owns 875,489 shares of the insurance provider’s stock valued at $400,808,000 after purchasing an additional 740,858 shares in the last quarter. 92.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HUM has been the subject of a number of analyst reports. Oppenheimer upped their target price on Humana from $370.00 to $400.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Royal Bank of Canada upped their price objective on Humana from $385.00 to $400.00 and gave the stock an “outperform” rating in a research note on Thursday, September 5th. Piper Sandler began coverage on Humana in a research note on Wednesday, June 26th. They issued an “overweight” rating and a $392.00 target price on the stock. Morgan Stanley started coverage on shares of Humana in a research report on Monday, June 24th. They set an “equal weight” rating and a $374.00 price target for the company. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $395.00 price objective on shares of Humana in a research report on Tuesday, September 10th. Thirteen research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Humana has an average rating of “Hold” and an average target price of $398.70.

Humana Stock Down 2.0 %

Shares of HUM stock opened at $315.20 on Tuesday. The stock’s 50-day simple moving average is $363.00 and its 200-day simple moving average is $346.63. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.66 and a current ratio of 1.66. The firm has a market capitalization of $37.95 billion, a PE ratio of 19.63, a P/E/G ratio of 2.56 and a beta of 0.50. Humana Inc. has a fifty-two week low of $298.61 and a fifty-two week high of $530.54.

Humana (NYSE:HUM) last announced its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $6.96 earnings per share for the quarter, beating analysts’ consensus estimates of $5.89 by $1.07. The business had revenue of $29.54 billion for the quarter, compared to analyst estimates of $28.52 billion. Humana had a return on equity of 16.12% and a net margin of 1.53%. The company’s revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the company earned $8.94 earnings per share. Equities analysts expect that Humana Inc. will post 16 earnings per share for the current year.

Humana Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Monday, September 30th will be issued a dividend of $0.885 per share. This represents a $3.54 annualized dividend and a yield of 1.12%. The ex-dividend date is Monday, September 30th. Humana’s dividend payout ratio (DPR) is 22.04%.

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.