University of Texas Texas AM Investment Management Co. Has $493,000 Stock Position in Humana Inc. (NYSE:HUM)

University of Texas Texas AM Investment Management Co. lifted its holdings in Humana Inc. (NYSE:HUM) by 1,219.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,319 shares of the insurance provider’s stock after acquiring an additional 1,219 shares during the period. University of Texas Texas AM Investment Management Co.’s holdings in Humana were worth $493,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Sanctuary Advisors LLC bought a new position in shares of Humana during the second quarter worth approximately $3,341,000. Clear Rock Advisors LLC increased its stake in Humana by 2.3% during the 2nd quarter. Clear Rock Advisors LLC now owns 5,250 shares of the insurance provider’s stock worth $1,962,000 after acquiring an additional 119 shares during the period. Heritage Oak Wealth Advisors LLC acquired a new position in Humana in the 2nd quarter valued at $3,456,000. Ariadne Wealth Management LP bought a new stake in shares of Humana during the 2nd quarter valued at $134,000. Finally, Wallace Advisory Group LLC grew its holdings in shares of Humana by 25.0% during the 2nd quarter. Wallace Advisory Group LLC now owns 851 shares of the insurance provider’s stock worth $318,000 after purchasing an additional 170 shares in the last quarter. 92.38% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

HUM has been the subject of a number of analyst reports. JPMorgan Chase & Co. boosted their price target on Humana from $332.00 to $396.00 and gave the company a “neutral” rating in a research note on Wednesday, August 21st. Royal Bank of Canada increased their price target on shares of Humana from $385.00 to $400.00 and gave the stock an “outperform” rating in a research report on Thursday, September 5th. 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 objective for the company. Deutsche Bank Aktiengesellschaft raised their target price on Humana from $341.00 to $349.00 and gave the company a “hold” rating in a report on Friday, August 2nd. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $395.00 price objective on shares of Humana in a research report on Tuesday. Thirteen research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Humana presently has an average rating of “Hold” and a consensus target price of $398.70.

Humana Stock Performance

HUM stock opened at $279.42 on Wednesday. The firm has a market cap of $33.67 billion, a PE ratio of 17.40, a price-to-earnings-growth ratio of 2.44 and a beta of 0.50. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.70. The stock has a 50-day moving average price of $346.44 and a 200-day moving average price of $343.73. Humana Inc. has a 1-year low of $276.80 and a 1-year high of $530.54.

Humana (NYSE:HUM) last issued its quarterly earnings results on Wednesday, July 31st. The insurance provider reported $6.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.89 by $1.07. The firm 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% compared to the same quarter last year. During the same period in the previous year, the firm earned $8.94 earnings per share. As a group, equities research analysts expect that Humana Inc. will post 16.01 earnings per share for the current year.

Humana Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Monday, September 30th will be given a dividend of $0.885 per share. This represents a $3.54 annualized dividend and a dividend yield of 1.27%. The ex-dividend date is Monday, September 30th. Humana’s dividend payout ratio (DPR) is 22.04%.

Humana Profile

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.