Massachusetts Financial Services Co. MA Boosts Position in Humana Inc. (NYSE:HUM)

Massachusetts Financial Services Co. MA grew its holdings in shares of Humana Inc. (NYSE:HUM) by 59.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 624,756 shares of the insurance provider’s stock after buying an additional 233,099 shares during the quarter. Massachusetts Financial Services Co. MA owned 0.52% of Humana worth $158,507,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in HUM. Pinnacle Wealth Management Advisory Group LLC boosted its position in Humana by 3.6% during the 4th quarter. Pinnacle Wealth Management Advisory Group LLC now owns 1,070 shares of the insurance provider’s stock worth $272,000 after purchasing an additional 37 shares during the period. Atlas Brown Inc. grew its stake in shares of Humana by 0.6% in the fourth quarter. Atlas Brown Inc. now owns 6,352 shares of the insurance provider’s stock valued at $1,611,000 after buying an additional 38 shares in the last quarter. Mather Group LLC. raised its holdings in shares of Humana by 21.0% during the 4th quarter. Mather Group LLC. now owns 236 shares of the insurance provider’s stock valued at $60,000 after buying an additional 41 shares during the period. Capital Advisors Ltd. LLC lifted its position in Humana by 26.1% during the 4th quarter. Capital Advisors Ltd. LLC now owns 208 shares of the insurance provider’s stock worth $53,000 after acquiring an additional 43 shares in the last quarter. Finally, Retirement Planning Co of New England Inc. boosted its holdings in Humana by 4.7% in the 4th quarter. Retirement Planning Co of New England Inc. now owns 966 shares of the insurance provider’s stock worth $245,000 after acquiring an additional 43 shares during the period. Institutional investors and hedge funds own 92.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on HUM. StockNews.com cut shares of Humana from a “buy” rating to a “hold” rating in a research report on Tuesday, March 18th. Truist Financial raised their target price on Humana from $260.00 to $290.00 and gave the company a “hold” rating in a research note on Monday, January 6th. Piper Sandler increased their price target on Humana from $270.00 to $288.00 and gave the company a “neutral” rating in a report on Wednesday, January 15th. Morgan Stanley dropped their price objective on Humana from $301.00 to $285.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 12th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and set a $290.00 target price on shares of Humana in a research note on Wednesday, February 12th. Eighteen research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $280.17.

Humana Stock Performance

Shares of NYSE HUM opened at $253.37 on Friday. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.68. The firm’s 50-day moving average price is $267.58 and its two-hundred day moving average price is $272.13. Humana Inc. has a 52-week low of $213.31 and a 52-week high of $406.46. The stock has a market capitalization of $30.58 billion, a P/E ratio of 25.46, a P/E/G ratio of 2.05 and a beta of 0.62.

Humana (NYSE:HUM) last released its quarterly earnings data on Tuesday, February 11th. The insurance provider reported ($2.16) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($2.26) by $0.10. Humana had a return on equity of 11.70% and a net margin of 1.02%. As a group, sell-side analysts forecast that Humana Inc. will post 16.47 earnings per share for the current year.

Humana Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, March 28th will be paid a dividend of $0.885 per share. This represents a $3.54 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend is Friday, March 28th. Humana’s payout ratio is 35.58%.

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.