Commerce Bank Sells 169 Shares of Humana Inc (HUM)

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Commerce Bank lowered its stake in shares of Humana Inc (NYSE:HUM) by 3.5% during the first quarter, Holdings Channel reports. The institutional investor owned 4,703 shares of the insurance provider’s stock after selling 169 shares during the quarter. Commerce Bank’s holdings in Humana were worth $1,251,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Stephens Inc. AR lifted its stake in shares of Humana by 48.5% in the 4th quarter. Stephens Inc. AR now owns 1,369 shares of the insurance provider’s stock valued at $392,000 after purchasing an additional 447 shares during the last quarter. Pacer Advisors Inc. lifted its stake in shares of Humana by 6,493.6% in the 1st quarter. Pacer Advisors Inc. now owns 12,396 shares of the insurance provider’s stock valued at $3,298,000 after purchasing an additional 12,208 shares during the last quarter. Machina Capital S.A.S. acquired a new position in shares of Humana in the 4th quarter valued at $809,000. Kinneret Advisory LLC acquired a new position in shares of Humana in the 4th quarter valued at $1,031,000. Finally, World Asset Management Inc lifted its stake in shares of Humana by 10.9% in the 1st quarter. World Asset Management Inc now owns 10,840 shares of the insurance provider’s stock valued at $2,883,000 after purchasing an additional 1,067 shares during the last quarter. 92.64% of the stock is currently owned by institutional investors.

HUM stock opened at $263.33 on Monday. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $35.56 billion, a P/E ratio of 16.81, a PEG ratio of 1.08 and a beta of 0.88. Humana Inc has a 12-month low of $225.65 and a 12-month high of $355.88.

Humana (NYSE:HUM) last posted its quarterly earnings data on Wednesday, May 1st. The insurance provider reported $4.48 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $4.30 by $0.18. The firm had revenue of $16.11 billion for the quarter, compared to the consensus estimate of $15.67 billion. Humana had a return on equity of 20.77% and a net margin of 2.99%. The company’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.36 EPS. On average, research analysts expect that Humana Inc will post 17.57 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 26th. Shareholders of record on Friday, June 28th will be issued a dividend of $0.55 per share. The ex-dividend date is Thursday, June 27th. This represents a $2.20 annualized dividend and a yield of 0.84%. Humana’s dividend payout ratio (DPR) is 15.12%.

Several brokerages have recently commented on HUM. Oppenheimer decreased their price target on Humana from $373.00 to $350.00 and set an “outperform” rating on the stock in a research note on Thursday, May 2nd. Credit Suisse Group decreased their price target on Humana from $352.00 to $315.00 and set an “outperform” rating on the stock in a research note on Thursday, May 2nd. Citigroup cut their price objective on Humana from $362.00 to $302.00 and set a “buy” rating on the stock in a report on Thursday, May 2nd. SunTrust Banks cut their price objective on Humana to $300.00 in a report on Thursday, May 2nd. Finally, UBS Group assumed coverage on Humana in a report on Tuesday, April 23rd. They issued a “neutral” rating and a $266.00 price objective on the stock. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and fourteen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $337.26.

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About Humana

Humana Inc, together with its subsidiaries, operates as a health and well-being company in the United States. The company offers medical and supplemental benefit plans to individuals. It also has 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.

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Institutional Ownership by Quarter for Humana (NYSE:HUM)

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