SYSTM Wealth Solutions LLC Has $284,000 Position in Humana Inc. (NYSE:HUM)

SYSTM Wealth Solutions LLC trimmed its stake in shares of Humana Inc. (NYSE:HUM) by 74.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 760 shares of the insurance provider’s stock after selling 2,207 shares during the quarter. SYSTM Wealth Solutions LLC’s holdings in Humana were worth $284,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Pzena Investment Management LLC boosted its holdings in shares of Humana by 538.7% during the 2nd quarter. Pzena Investment Management LLC now owns 2,318,347 shares of the insurance provider’s stock valued at $866,250,000 after acquiring an additional 1,955,375 shares in the last quarter. Sanders Capital LLC acquired a new stake in shares of Humana during the fourth quarter valued at about $489,300,000. Ontario Teachers Pension Plan Board grew its holdings in shares of Humana by 11,647.2% during the first 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 last quarter. Putnam Investments LLC raised its holdings in Humana by 550.3% in the 4th quarter. Putnam Investments LLC now owns 875,489 shares of the insurance provider’s stock valued at $400,808,000 after buying an additional 740,858 shares during the last quarter. Finally, Steadfast Capital Management LP acquired a new stake in Humana during the 1st quarter worth approximately $158,813,000. Institutional investors own 92.38% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft upped their price target on shares of Humana from $341.00 to $349.00 and gave the company a “hold” rating in a research report on Friday, August 2nd. Morgan Stanley initiated coverage on Humana in a research report on Monday, June 24th. They set an “equal weight” rating and a $374.00 target price for the company. Baird R W upgraded Humana to a “hold” rating in a research report on Thursday, May 30th. Robert W. Baird assumed coverage on Humana in a research report on Thursday, May 30th. They set a “neutral” rating and a $374.00 price objective for the company. Finally, JPMorgan Chase & Co. lifted their price objective on Humana from $332.00 to $396.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 21st. Thirteen analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Humana presently has a consensus rating of “Hold” and an average price target of $398.70.

Humana Stock Up 1.1 %

HUM stock opened at $315.29 on Thursday. The stock’s 50 day simple moving average is $360.50 and its 200 day simple moving average is $346.16. The company has a market cap of $37.99 billion, a P/E ratio of 19.63, a price-to-earnings-growth ratio of 2.56 and a beta of 0.50. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.66 and a current ratio of 1.66. Humana Inc. has a fifty-two week low of $298.61 and a fifty-two week 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 for the quarter, topping analysts’ consensus estimates of $5.89 by $1.07. Humana had a return on equity of 16.12% and a net margin of 1.53%. The company had revenue of $29.54 billion for the quarter, compared to analyst estimates of $28.52 billion. During the same period in the prior year, the firm earned $8.94 earnings per share. Humana’s revenue for the quarter was up 10.4% on a year-over-year basis. On average, research analysts expect that Humana Inc. will post 16 earnings per share for the current fiscal year.

Humana Announces Dividend

The firm also recently announced 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 1.12%. The ex-dividend date of this dividend is Monday, September 30th. Humana’s payout ratio is presently 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.