Gotham Asset Management LLC Purchases 9,132 Shares of Humana Inc. (NYSE:HUM)

Gotham Asset Management LLC boosted its position in Humana Inc. (NYSE:HUM) by 38.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 32,593 shares of the insurance provider’s stock after acquiring an additional 9,132 shares during the quarter. Gotham Asset Management LLC’s holdings in Humana were worth $8,269,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in HUM. Transcend Capital Advisors LLC boosted its position in Humana by 399.7% in the fourth quarter. Transcend Capital Advisors LLC now owns 3,643 shares of the insurance provider’s stock valued at $924,000 after buying an additional 2,914 shares in the last quarter. FNY Investment Advisers LLC boosted its position in Humana by 6,647.5% in the fourth quarter. FNY Investment Advisers LLC now owns 27,260 shares of the insurance provider’s stock valued at $6,916,000 after buying an additional 26,856 shares in the last quarter. Retirement Systems of Alabama boosted its position in Humana by 735.9% in the fourth quarter. Retirement Systems of Alabama now owns 219,002 shares of the insurance provider’s stock valued at $55,563,000 after buying an additional 192,801 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Humana by 7.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 964,926 shares of the insurance provider’s stock worth $244,811,000 after purchasing an additional 65,735 shares during the period. Finally, Secure Asset Management LLC acquired a new position in shares of Humana during the fourth quarter worth $244,000. 92.38% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on HUM. Barclays lifted their price target on shares of Humana from $270.00 to $322.00 and gave the stock an “equal weight” rating in a report on Friday, April 11th. StockNews.com upgraded shares of Humana from a “hold” rating to a “buy” rating in a report on Friday. Raymond James upgraded shares of Humana from a “market perform” rating to an “outperform” rating and set a $315.00 price target on the stock in a report on Thursday, May 1st. Robert W. Baird lifted their price target on shares of Humana from $270.00 to $300.00 and gave the stock a “neutral” rating in a report on Tuesday, April 15th. Finally, Mizuho lifted their price target on shares of Humana from $305.00 to $316.00 and gave the stock an “outperform” rating in a report on Wednesday, April 9th. Seventeen equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $286.81.

Humana Trading Up 1.2%

NYSE:HUM opened at $252.47 on Tuesday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.76 and a quick ratio of 1.76. The firm has a 50-day moving average of $265.02 and a 200-day moving average of $270.41. The company has a market cap of $30.47 billion, a PE ratio of 25.37, a PEG ratio of 2.05 and a beta of 0.49. Humana Inc. has a one year low of $213.31 and a one year high of $406.46.

Humana (NYSE:HUM) last posted its earnings results on Wednesday, April 30th. The insurance provider reported $11.58 EPS for the quarter, topping the consensus estimate of $10.07 by $1.51. The company had revenue of $32.11 billion during the quarter, compared to the consensus estimate of $32 billion. Humana had a net margin of 1.02% and a return on equity of 11.70%. The firm’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same period in the previous year, the firm posted $7.23 earnings per share. As a group, equities research analysts expect that Humana Inc. will post 16.47 EPS for the current fiscal year.

Humana Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Friday, June 27th will be given a dividend of $0.885 per share. This represents a $3.54 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend is Friday, June 27th. Humana’s payout ratio is presently 25.04%.

About Humana

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.