Pictet Asset Management Ltd. Boosts Position in Humana Inc. (HUM)

Pictet Asset Management Ltd. increased its stake in shares of Humana Inc. (NYSE:HUM) by 15.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 167,822 shares of the insurance provider’s stock after buying an additional 22,773 shares during the period. Pictet Asset Management Ltd.’s holdings in Humana were worth $38,979,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HUM. IFP Advisors Inc raised its position in Humana by 48.8% in the second quarter. IFP Advisors Inc now owns 3,634 shares of the insurance provider’s stock valued at $874,000 after buying an additional 1,191 shares during the period. Korea Investment CORP raised its position in Humana by 191.9% in the second quarter. Korea Investment CORP now owns 192,127 shares of the insurance provider’s stock valued at $46,230,000 after buying an additional 126,312 shares during the period. Candriam Luxembourg S.C.A. raised its position in Humana by 47.1% in the second quarter. Candriam Luxembourg S.C.A. now owns 103,000 shares of the insurance provider’s stock valued at $24,785,000 after buying an additional 32,999 shares during the period. Sei Investments Co. raised its position in Humana by 22.7% in the second quarter. Sei Investments Co. now owns 26,416 shares of the insurance provider’s stock valued at $6,354,000 after buying an additional 4,884 shares during the period. Finally, Daiwa Securities Group Inc. raised its position in Humana by 4.7% in the second quarter. Daiwa Securities Group Inc. now owns 4,450 shares of the insurance provider’s stock valued at $1,071,000 after buying an additional 200 shares during the period. 99.66% of the stock is currently owned by institutional investors.

Shares of Humana Inc. (NYSE HUM) opened at 254.96 on Thursday. Humana Inc. has a 12-month low of $163.50 and a 12-month high of $255.10. The stock’s 50 day moving average price is $238.81 and its 200-day moving average price is $222.35. The company has a market cap of $36.85 billion, a PE ratio of 20.97 and a beta of 0.91.

Humana (NYSE:HUM) last issued its quarterly earnings data on Wednesday, August 2nd. The insurance provider reported $3.49 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.08 by $0.41. The firm had revenue of $13.53 billion for the quarter, compared to analysts’ expectations of $13.61 billion. Humana had a net margin of 3.37% and a return on equity of 15.85%. During the same period in the prior year, the firm earned $2.30 earnings per share. On average, equities research analysts forecast that Humana Inc. will post $11.45 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: This report was posted by Ticker Report and is the property of of Ticker Report. If you are reading this report on another site, it was copied illegally and republished in violation of United States & international copyright and trademark law. The original version of this report can be viewed at https://www.tickerreport.com/banking-finance/2798437/pictet-asset-management-ltd-boosts-position-in-humana-inc-hum.html.

Several research analysts have commented on the company. UBS AG reissued a “neutral” rating and issued a $250.00 price objective (up from $237.00) on shares of Humana in a research report on Wednesday. Deutsche Bank AG raised their price objective on Humana from $234.00 to $243.00 and gave the company a “hold” rating in a research report on Monday. Jefferies Group LLC reissued a “hold” rating and issued a $257.00 price objective on shares of Humana in a research report on Friday, August 4th. Cantor Fitzgerald reissued a “neutral” rating and issued a $223.00 price objective (up from $200.00) on shares of Humana in a research report on Thursday, August 3rd. Finally, Oppenheimer Holdings, Inc. raised their price objective on Humana from $236.00 to $255.00 and gave the company an “outperform” rating in a research report on Thursday, August 3rd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $243.65.

In other Humana news, VP Heidi S. Margulis sold 1,500 shares of the company’s stock in a transaction dated Friday, May 26th. The shares were sold at an average price of $231.96, for a total transaction of $347,940.00. Following the sale, the vice president now directly owns 8,150 shares of the company’s stock, valued at $1,890,474. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Brian P. Leclaire sold 4,971 shares of the company’s stock in a transaction dated Wednesday, June 28th. The stock was sold at an average price of $240.00, for a total transaction of $1,193,040.00. Following the sale, the senior vice president now directly owns 14,258 shares in the company, valued at $3,421,920. The disclosure for this sale can be found here. 0.80% of the stock is currently owned by corporate insiders.

About Humana

Humana Inc is a health and well-being company. The Company’s segments include Retail, Group and Specialty, Healthcare Services and Individual Commercial. The Retail segment consists of Medicare benefits, as well as individual commercial fully insured medical and specialty health insurance benefits, including dental, vision, and other supplemental health and financial protection products.

Want to see what other hedge funds are holding HUM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Humana Inc. (NYSE:HUM).

Institutional Ownership by Quarter for Humana (NYSE:HUM)

Receive News & Ratings for Humana Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Humana Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.