Sendero Wealth Management LLC Acquires Shares of 817 Humana Inc. (NYSE:HUM)

Sendero Wealth Management LLC bought a new stake in shares of Humana Inc. (NYSE:HUM) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 817 shares of the insurance provider’s stock, valued at approximately $283,000.

Other institutional investors have also modified their holdings of the company. Paralel Advisors LLC boosted its position in shares of Humana by 1.3% during the 3rd quarter. Paralel Advisors LLC now owns 3,944 shares of the insurance provider’s stock valued at $1,919,000 after purchasing an additional 49 shares in the last quarter. LPL Financial LLC grew its position in Humana by 1.8% in the third quarter. LPL Financial LLC now owns 28,265 shares of the insurance provider’s stock worth $13,752,000 after buying an additional 505 shares during the last quarter. Operose Advisors LLC bought a new position in shares of Humana in the third quarter valued at $56,000. Westfield Capital Management Co. LP acquired a new stake in shares of Humana during the 3rd quarter valued at $235,000. Finally, Treasurer of the State of North Carolina lifted its position in shares of Humana by 6.6% during the 3rd quarter. Treasurer of the State of North Carolina now owns 70,714 shares of the insurance provider’s stock valued at $34,404,000 after acquiring an additional 4,367 shares during the last quarter. Institutional investors and hedge funds own 92.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Jefferies Financial Group cut their target price on Humana from $411.00 to $381.00 and set a “buy” rating on the stock in a research report on Monday, April 22nd. Argus lowered shares of Humana from a “buy” rating to a “hold” rating in a research note on Wednesday, March 13th. UBS Group dropped their target price on shares of Humana from $334.00 to $326.00 and set a “neutral” rating on the stock in a research report on Thursday, April 25th. Bank of America upped their price target on shares of Humana from $342.00 to $376.00 and gave the company a “neutral” rating in a research report on Monday, May 20th. Finally, Robert W. Baird assumed coverage on shares of Humana in a research note on Thursday, May 30th. They set a “neutral” rating and a $374.00 target price on the stock. Fourteen investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Humana presently has an average rating of “Hold” and a consensus price target of $409.55.

Humana Stock Up 2.9 %

NYSE:HUM traded up $10.63 during trading hours on Friday, reaching $373.61. The company’s stock had a trading volume of 5,489,736 shares, compared to its average volume of 1,829,337. Humana Inc. has a one year low of $298.61 and a one year high of $530.54. The business’s 50-day moving average is $343.78 and its 200-day moving average is $351.97. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.67 and a quick ratio of 1.67. The company has a market cap of $45.02 billion, a price-to-earnings ratio of 23.26, a price-to-earnings-growth ratio of 2.09 and a beta of 0.53.

Humana (NYSE:HUM) last issued its quarterly earnings data on Wednesday, April 24th. The insurance provider reported $7.23 EPS for the quarter, beating analysts’ consensus estimates of $6.12 by $1.11. Humana had a return on equity of 17.76% and a net margin of 1.82%. The business had revenue of $29.61 billion for the quarter, compared to analyst estimates of $28.52 billion. During the same quarter in the prior year, the firm posted $9.38 EPS. The firm’s revenue for the quarter was up 10.7% on a year-over-year basis. Equities research analysts predict that Humana Inc. will post 16.27 EPS for the current year.

Humana Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 26th. Investors of record on Friday, June 28th will be paid a $0.885 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $3.54 dividend on an annualized basis and a yield of 0.95%. Humana’s payout ratio is presently 22.04%.

Humana Company Profile

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.