Humana Inc (HUM) Holdings Trimmed by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System decreased its holdings in Humana Inc (NYSE:HUM) by 4.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 8,600 shares of the insurance provider’s stock after selling 400 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Humana were worth $2,133,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Koch Industries Inc. purchased a new stake in Humana in the second quarter worth $404,000. Adviser Investments LLC purchased a new stake in Humana in the third quarter worth $635,000. Wells Fargo & Company MN increased its stake in Humana by 10.0% in the third quarter. Wells Fargo & Company MN now owns 1,653,318 shares of the insurance provider’s stock worth $402,799,000 after purchasing an additional 150,173 shares during the period. Commonwealth Bank of Australia increased its stake in Humana by 3.9% in the third quarter. Commonwealth Bank of Australia now owns 21,112 shares of the insurance provider’s stock worth $5,138,000 after purchasing an additional 796 shares during the period. Finally, Icon Advisers Inc. Co. increased its stake in Humana by 22.7% in the third quarter. Icon Advisers Inc. Co. now owns 5,400 shares of the insurance provider’s stock worth $1,316,000 after purchasing an additional 1,000 shares during the period. Institutional investors and hedge funds own 94.01% of the company’s stock.

In related news, SVP Brian P. Leclaire sold 1,679 shares of the firm’s stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $245.97, for a total transaction of $412,983.63. Following the sale, the senior vice president now owns 9,888 shares of the company’s stock, valued at $2,432,151.36. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Timothy S. Huval sold 1,382 shares of the firm’s stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $246.04, for a total value of $340,027.28. Following the sale, the vice president now directly owns 11,557 shares in the company, valued at approximately $2,843,484.28. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 10,115 shares of company stock worth $2,501,627. 0.80% of the stock is owned by corporate insiders.

A number of analysts have weighed in on the company. Zacks Investment Research upgraded Humana from a “hold” rating to a “buy” rating and set a $297.00 target price on the stock in a research note on Monday. Jefferies Group upgraded Humana from a “hold” rating to a “buy” rating and set a $221.00 price target on the stock in a research note on Friday, January 12th. Credit Suisse Group started coverage on Humana in a research note on Thursday, November 2nd. They set a “neutral” rating and a $256.00 price target on the stock. Cowen restated a “buy” rating and set a $285.00 price target on shares of Humana in a research note on Wednesday, December 13th. Finally, Cantor Fitzgerald restated a “hold” rating and set a $230.00 price target on shares of Humana in a research note on Tuesday, December 5th. Nine investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Humana currently has an average rating of “Buy” and a consensus price target of $260.10.

Humana Inc (NYSE:HUM) opened at $275.75 on Thursday. Humana Inc has a 52 week low of $186.25 and a 52 week high of $276.07. The company has a market capitalization of $38,596.51, a price-to-earnings ratio of 21.70, a PEG ratio of 1.69 and a beta of 0.88. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.61 and a current ratio of 1.61.

Humana (NYSE:HUM) last issued its quarterly earnings data on Wednesday, November 8th. The insurance provider reported $3.39 earnings per share for the quarter, beating analysts’ consensus estimates of $3.27 by $0.12. Humana had a return on equity of 15.99% and a net margin of 3.49%. The company had revenue of $13.28 billion for the quarter, compared to the consensus estimate of $13.41 billion. During the same quarter last year, the company earned $3.18 earnings per share. The firm’s revenue for the quarter was down 3.0% compared to the same quarter last year. analysts forecast that Humana Inc will post 11.63 EPS for the current year.

Humana announced that its Board of Directors has authorized a share repurchase plan on Thursday, December 14th that authorizes the company to buyback $3.00 billion in outstanding shares. This buyback authorization authorizes the insurance provider to buy shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 26th. Investors of record on Friday, December 29th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date of this dividend is Thursday, December 28th. Humana’s payout ratio is currently 12.59%.

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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.

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Institutional Ownership by Quarter for Humana (NYSE:HUM)

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