Victory Capital Management Inc. Has $40.90 Million Holdings in Humana Inc. (NYSE:HUM)

Victory Capital Management Inc. trimmed its holdings in shares of Humana Inc. (NYSE:HUM) by 13.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 109,462 shares of the insurance provider’s stock after selling 17,006 shares during the quarter. Victory Capital Management Inc. owned about 0.09% of Humana worth $40,900,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of HUM. Private Wealth Management Group LLC bought a new stake in shares of Humana during the 4th quarter worth about $32,000. CarsonAllaria Wealth Management Ltd. boosted its position in Humana by 111.4% during the second quarter. CarsonAllaria Wealth Management Ltd. now owns 74 shares of the insurance provider’s stock worth $28,000 after purchasing an additional 39 shares during the period. Hantz Financial Services Inc. acquired a new position in Humana during the second quarter valued at approximately $35,000. Family Firm Inc. bought a new position in shares of Humana in the second quarter valued at approximately $37,000. Finally, Carolinas Wealth Consulting LLC raised its position in shares of Humana by 274.1% in the fourth quarter. Carolinas Wealth Consulting LLC now owns 101 shares of the insurance provider’s stock valued at $46,000 after purchasing an additional 74 shares during the period. 92.38% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on HUM. Truist Financial raised their target price on shares of Humana from $355.00 to $400.00 and gave the company a “hold” rating in a research note on Monday, July 15th. Royal Bank of Canada lifted their price objective on Humana from $385.00 to $400.00 and gave the stock an “outperform” rating in a research note on Thursday, September 5th. JPMorgan Chase & Co. boosted their price objective on Humana from $332.00 to $396.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 21st. Robert W. Baird initiated coverage on Humana in a report on Thursday, May 30th. They issued a “neutral” rating and a $374.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Humana from $341.00 to $349.00 and gave the stock a “hold” rating in a report on Friday, August 2nd. Thirteen analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, Humana presently has an average rating of “Hold” and a consensus price target of $398.70.

Humana Stock Performance

NYSE HUM opened at $343.76 on Tuesday. Humana Inc. has a 1-year low of $298.61 and a 1-year high of $530.54. The company has a 50 day moving average of $367.08 and a 200-day moving average of $347.37. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.70. The firm has a market cap of $41.39 billion, a price-to-earnings ratio of 21.40, a PEG ratio of 2.80 and a beta of 0.50.

Humana (NYSE:HUM) last issued its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $6.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.89 by $1.07. The firm had revenue of $29.54 billion during the quarter, compared to the consensus estimate of $28.52 billion. Humana had a return on equity of 16.12% and a net margin of 1.53%. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $8.94 EPS. On average, equities analysts forecast that Humana Inc. will post 16 earnings per share for the current fiscal year.

Humana Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Monday, September 30th will be given a dividend of $0.885 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $3.54 annualized dividend and a yield of 1.03%. Humana’s dividend payout ratio (DPR) is 22.04%.

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.