Northwestern Mutual Wealth Management Co. Purchases 2,986 Shares of Humana Inc. (NYSE:HUM)

Northwestern Mutual Wealth Management Co. raised its position in shares of Humana Inc. (NYSE:HUM) by 113.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,619 shares of the insurance provider’s stock after buying an additional 2,986 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Humana were worth $2,099,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. CarsonAllaria Wealth Management Ltd. boosted its position in shares of Humana by 111.4% during the 2nd quarter. CarsonAllaria Wealth Management Ltd. now owns 74 shares of the insurance provider’s stock valued at $28,000 after acquiring an additional 39 shares during the last quarter. Hantz Financial Services Inc. purchased a new position in Humana in the second quarter worth about $35,000. Family Firm Inc. bought a new stake in Humana during the second quarter worth approximately $37,000. Hollencrest Capital Management purchased a new stake in Humana during the second quarter valued at approximately $40,000. Finally, Riverview Trust Co bought a new stake in shares of Humana in the 2nd quarter valued at approximately $44,000. Institutional investors own 92.38% of the company’s stock.

Analyst Upgrades and Downgrades

HUM has been the topic of several analyst reports. JPMorgan Chase & Co. boosted their target price on Humana from $332.00 to $396.00 and gave the company a “neutral” rating in a research report on Wednesday, August 21st. Morgan Stanley began coverage on shares of Humana in a research note on Monday, June 24th. They issued an “equal weight” rating and a $374.00 target price on the stock. Stephens lowered shares of Humana from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $400.00 to $250.00 in a report on Wednesday. Truist Financial upped their price target on shares of Humana from $355.00 to $400.00 and gave the company a “hold” rating in a report on Monday, July 15th. Finally, Royal Bank of Canada raised their price objective on shares of Humana from $385.00 to $400.00 and gave the stock an “outperform” rating in a research note on Thursday, September 5th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $357.24.

Humana Stock Performance

Shares of Humana stock opened at $240.03 on Friday. 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’s fifty day moving average price is $337.70 and its 200-day moving average price is $342.42. The firm has a market cap of $28.92 billion, a P/E ratio of 14.95, a P/E/G ratio of 2.44 and a beta of 0.50. Humana Inc. has a 12 month low of $213.31 and a 12 month high of $530.54.

Humana (NYSE:HUM) last issued its earnings results on Wednesday, July 31st. The insurance provider reported $6.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.89 by $1.07. Humana had a net margin of 1.53% and a return on equity of 16.12%. The company had revenue of $29.54 billion for the quarter, compared to analysts’ expectations of $28.52 billion. During the same period in the prior year, the business earned $8.94 EPS. The firm’s quarterly revenue was up 10.4% on a year-over-year basis. On average, equities research analysts expect that Humana Inc. will post 16.01 earnings per share for the current fiscal year.

Humana Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Monday, September 30th will be issued a dividend of $0.885 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $3.54 dividend on an annualized basis and a yield of 1.47%. Humana’s dividend payout ratio is currently 22.04%.

Humana Company 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.