Cobalt Capital Management Inc. Invests $10.25 Million in Humana Inc. $HUM

Cobalt Capital Management Inc. bought a new position in Humana Inc. (NYSE:HUM) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 40,000 shares of the insurance provider’s stock, valued at approximately $10,245,000. Humana comprises about 4.5% of Cobalt Capital Management Inc.’s holdings, making the stock its 9th largest position.

Other large investors have also recently made changes to their positions in the company. Long Focus Capital Management LLC bought a new stake in shares of Humana in the 3rd quarter worth about $34,212,000. AMG National Trust Bank boosted its stake in shares of Humana by 106.5% during the 3rd quarter. AMG National Trust Bank now owns 16,953 shares of the insurance provider’s stock worth $4,411,000 after purchasing an additional 8,744 shares during the period. Aberdeen Group plc boosted its stake in shares of Humana by 18.1% during the 4th quarter. Aberdeen Group plc now owns 283,778 shares of the insurance provider’s stock worth $72,684,000 after purchasing an additional 43,442 shares during the period. Alberta Investment Management Corp purchased a new position in shares of Humana during the 3rd quarter worth about $4,735,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Humana by 4.1% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 250,330 shares of the insurance provider’s stock worth $66,207,000 after purchasing an additional 9,960 shares during the period. 92.38% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Weiss Ratings raised shares of Humana from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, June 12th. Deutsche Bank Aktiengesellschaft cut shares of Humana from a “buy” rating to a “hold” rating in a research note on Wednesday, May 20th. Evercore lifted their price target on shares of Humana from $250.00 to $370.00 in a research note on Thursday, June 11th. Seaport Research Partners cut shares of Humana to a “neutral” rating in a research note on Wednesday, May 20th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and set a $425.00 price target on shares of Humana in a research note on Wednesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, sixteen have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $291.35.

Humana Stock Performance

Humana stock opened at $361.95 on Thursday. The company has a 50 day moving average price of $279.36 and a 200-day moving average price of $239.95. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.77 and a current ratio of 1.77. Humana Inc. has a fifty-two week low of $163.11 and a fifty-two week high of $380.86. The company has a market capitalization of $43.46 billion, a PE ratio of 38.71, a P/E/G ratio of 2.10 and a beta of 0.76.

Humana (NYSE:HUM) last posted its quarterly earnings results on Wednesday, April 29th. The insurance provider reported $10.31 earnings per share for the quarter, beating the consensus estimate of $9.97 by $0.34. Humana had a net margin of 0.82% and a return on equity of 10.45%. The firm had revenue of $39.65 billion during the quarter, compared to the consensus estimate of $39.37 billion. During the same quarter in the previous year, the firm posted $11.58 earnings per share. The company’s revenue was up 23.5% on a year-over-year basis. Humana has set its FY 2026 guidance at 9.000- EPS. As a group, equities analysts forecast that Humana Inc. will post 9.04 earnings per share for the current year.

Humana Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, June 26th will be paid a dividend of $0.885 per share. This represents a $3.54 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, June 26th. Humana’s payout ratio is currently 37.86%.

About Humana

Humana Inc (NYSE: HUM) is a health insurance company headquartered in Louisville, Kentucky, that primarily serves individuals and groups across the United States. The company is best known for its Medicare business, offering Medicare Advantage plans and prescription drug (Part D) coverage, alongside a range of commercial and employer-sponsored group health plans. Humana’s products are designed to cover medical, behavioral health and pharmacy needs for members, with particular emphasis on seniors and Medicare-eligible populations.

In addition to traditional insurance products, Humana provides care-management and wellness services intended to support chronic-condition management, preventive care and care coordination.