Simplify Asset Management Inc. Invests $2.16 Million in Humana Inc. (NYSE:HUM)

Simplify Asset Management Inc. acquired a new stake in shares of Humana Inc. (NYSE:HUM) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 5,788 shares of the insurance provider’s stock, valued at approximately $2,163,000.

Several other large investors also recently added to or reduced their stakes in the stock. Pzena Investment Management LLC raised its stake in shares of Humana by 538.7% during the second quarter. Pzena Investment Management LLC now owns 2,318,347 shares of the insurance provider’s stock valued at $866,250,000 after acquiring an additional 1,955,375 shares in the last quarter. Davis Selected Advisers lifted its holdings in shares of Humana by 16.1% in the 2nd quarter. Davis Selected Advisers now owns 2,311,362 shares of the insurance provider’s stock worth $863,640,000 after buying an additional 321,233 shares during the period. Sanders Capital LLC purchased a new stake in shares of Humana in the 4th quarter worth $489,300,000. Ontario Teachers Pension Plan Board grew its position in shares of Humana by 11,647.2% during the 1st quarter. Ontario Teachers Pension Plan Board now owns 1,059,478 shares of the insurance provider’s stock worth $367,342,000 after buying an additional 1,050,459 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Humana by 2.1% during the second quarter. Dimensional Fund Advisors LP now owns 1,018,248 shares of the insurance provider’s stock valued at $380,368,000 after buying an additional 20,891 shares during the period. 92.38% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HUM has been the subject of a number of research reports. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $395.00 price objective on shares of Humana in a research note on Tuesday, September 10th. JPMorgan Chase & Co. increased their price objective on shares of Humana from $332.00 to $396.00 and gave the company a “neutral” rating in a research note on Wednesday, August 21st. Royal Bank of Canada boosted their price objective on shares of Humana from $385.00 to $400.00 and gave the stock an “outperform” rating in a research note on Thursday, September 5th. Robert W. Baird started coverage on Humana in a report on Thursday, May 30th. They set a “neutral” rating and a $374.00 target price for the company. Finally, Oppenheimer lifted their price target on Humana from $370.00 to $400.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Thirteen investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $398.70.

Humana Stock Down 1.0 %

Shares of HUM opened at $312.00 on Friday. The stock has a 50 day moving average price of $359.14 and a 200 day moving average price of $345.90. Humana Inc. has a one year low of $298.61 and a one year high of $530.54. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.66 and a current ratio of 1.66. The stock has a market capitalization of $37.60 billion, a price-to-earnings ratio of 19.43, a PEG ratio of 2.56 and a beta of 0.50.

Humana (NYSE:HUM) last released its earnings results on Wednesday, July 31st. The insurance provider reported $6.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.89 by $1.07. The business had revenue of $29.54 billion during the quarter, compared to analyst estimates of $28.52 billion. Humana had a net margin of 1.53% and a return on equity of 16.12%. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $8.94 earnings per share. Equities research analysts forecast that Humana Inc. will post 16 earnings per share for the current fiscal year.

Humana Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Monday, September 30th will be paid a $0.885 dividend. This represents a $3.54 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date is Monday, September 30th. Humana’s dividend payout ratio (DPR) is 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.