3,613 Shares of Humana Inc. $HUM Bought by Virtue Capital Management LLC

Virtue Capital Management LLC bought a new position in shares of Humana Inc. (NYSE:HUM) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 3,613 shares of the insurance provider’s stock, valued at approximately $1,379,000.

Several other institutional investors have also modified their holdings of the business. Greenleaf Trust grew its stake in Humana by 1.7% during the 3rd quarter. Greenleaf Trust now owns 2,524 shares of the insurance provider’s stock valued at $963,000 after purchasing an additional 41 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Humana in the 3rd quarter valued at approximately $14,054,000. ProShare Advisors LLC raised its position in shares of Humana by 1.9% in the 3rd quarter. ProShare Advisors LLC now owns 19,489 shares of the insurance provider’s stock valued at $7,436,000 after purchasing an additional 364 shares in the last quarter. Vise Technologies Inc. boosted its stake in shares of Humana by 18.1% during the 3rd quarter. Vise Technologies Inc. now owns 2,908 shares of the insurance provider’s stock valued at $1,110,000 after buying an additional 445 shares during the last quarter. Finally, Cidel Asset Management Inc. boosted its stake in shares of Humana by 1.3% during the 3rd quarter. Cidel Asset Management Inc. now owns 3,935 shares of the insurance provider’s stock valued at $1,501,000 after buying an additional 52 shares during the last quarter. Institutional investors and hedge funds own 92.38% of the company’s stock.

Humana Stock Performance

HUM stock opened at $414.04 on Monday. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.62. The firm has a market cap of $49.72 billion, a P/E ratio of 39.17, a P/E/G ratio of 2.55 and a beta of 0.74. Humana Inc. has a 12-month low of $163.11 and a 12-month high of $456.50. The stock’s 50 day simple moving average is $400.92 and its 200 day simple moving average is $308.70.

Humana Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 29th. Investors of record on Thursday, December 24th will be issued a $0.8850 dividend. The ex-dividend date of this dividend is Thursday, December 24th. This represents a $3.54 annualized dividend and a dividend yield of 0.9%. Humana’s dividend payout ratio (DPR) is 33.49%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on HUM shares. Morgan Stanley raised shares of Humana from an “underweight” rating to an “overweight” rating in a research report on Friday, October 9th. Lake Street Capital began coverage on shares of Humana in a report on Thursday, July 30th. They issued a “buy” rating on the stock. Weiss Ratings upgraded shares of Humana from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, August 14th. Royal Bank Of Canada raised their price objective on shares of Humana from $246.00 to $415.00 and gave the stock a “sector perform” rating in a report on Thursday, July 9th. Finally, Wolfe Research restated an “outperform” rating and issued a $450.00 target price on shares of Humana in a research note on Monday, August 24th. Twenty-one investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $453.30.

Humana Company Profile

Humana Inc is a health and well-being company that provides insurance products and health care services in the United States and Puerto Rico. The company’s primary business is government-sponsored health coverage, particularly Medicare Advantage plans for older adults, along with Medicare prescription drug plans, Medicaid coverage and certain commercial health insurance products.

Humana also operates CenterWell, its health care services platform focused on older adults. CenterWell includes primary care clinics, home health services and pharmacy services, with an emphasis on coordinated care, chronic-condition management and helping members receive care in lower-cost settings.

Founded in 1961 as a nursing-home company, Humana expanded into hospital operations before shifting its focus toward health insurance and related services.