Allianz Life Insurance Co of North America Invests $239,000 in Humana Inc (HUM) Stock

Allianz Life Insurance Co of North America acquired a new position in shares of Humana Inc (NYSE:HUM) in the first quarter, HoldingsChannel reports. The firm acquired 890 shares of the insurance provider’s stock, valued at approximately $239,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. CCM Investment Advisers LLC grew its stake in Humana by 0.5% during the 1st quarter. CCM Investment Advisers LLC now owns 39,289 shares of the insurance provider’s stock worth $10,562,000 after buying an additional 210 shares during the last quarter. AMF Pensionsforsakring AB grew its stake in Humana by 1.1% during the 1st quarter. AMF Pensionsforsakring AB now owns 27,680 shares of the insurance provider’s stock worth $7,441,000 after buying an additional 290 shares during the last quarter. YorkBridge Wealth Partners LLC grew its stake in Humana by 99.0% during the 4th quarter. YorkBridge Wealth Partners LLC now owns 597 shares of the insurance provider’s stock worth $159,000 after buying an additional 297 shares during the last quarter. Brinker Capital Inc. grew its stake in Humana by 16.7% during the 1st quarter. Brinker Capital Inc. now owns 2,377 shares of the insurance provider’s stock worth $640,000 after buying an additional 341 shares during the last quarter. Finally, Stratos Wealth Partners LTD. grew its stake in Humana by 448.7% during the 1st quarter. Stratos Wealth Partners LTD. now owns 417 shares of the insurance provider’s stock worth $112,000 after buying an additional 341 shares during the last quarter. Hedge funds and other institutional investors own 93.33% of the company’s stock.

Shares of Humana opened at $300.25 on Thursday, Marketbeat.com reports. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $42.01 billion, a PE ratio of 25.64, a PEG ratio of 1.58 and a beta of 0.92. Humana Inc has a fifty-two week low of $229.84 and a fifty-two week high of $309.18.

Humana (NYSE:HUM) last announced its quarterly earnings data on Wednesday, May 2nd. The insurance provider reported $3.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.21 by $0.15. The business had revenue of $14.28 billion during the quarter, compared to analyst estimates of $14.22 billion. Humana had a return on equity of 16.74% and a net margin of 3.36%. During the same quarter in the prior year, the firm posted $2.75 earnings per share. equities analysts anticipate that Humana Inc will post 13.99 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 27th. Stockholders of record on Friday, June 29th will be issued a $0.50 dividend. The ex-dividend date is Thursday, June 28th. This represents a $2.00 annualized dividend and a dividend yield of 0.67%. Humana’s dividend payout ratio (DPR) is 17.08%.

A number of brokerages recently commented on HUM. Zacks Investment Research downgraded Humana from a “buy” rating to a “hold” rating in a research note on Friday, May 25th. ValuEngine downgraded Humana from a “buy” rating to a “hold” rating in a research note on Saturday, June 2nd. Oppenheimer upped their price objective on Humana from $305.00 to $311.00 and gave the stock an “outperform” rating in a research note on Thursday, May 3rd. Piper Jaffray Companies reiterated a “buy” rating and set a $313.00 price target on shares of Humana in a research report on Wednesday, April 4th. Finally, Citigroup reiterated a “buy” rating and set a $340.00 price target (up previously from $280.00) on shares of Humana in a research report on Friday, June 1st. Eight equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $283.78.

In other news, SVP Cynthia H. Zipperle sold 1,000 shares of the company’s stock in a transaction on Wednesday, June 13th. The stock was sold at an average price of $306.01, for a total value of $306,010.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Elizabeth D. Bierbower sold 6,036 shares of the company’s stock in a transaction on Monday, June 11th. The shares were sold at an average price of $300.91, for a total value of $1,816,292.76. Following the completion of the sale, the insider now owns 21,683 shares of the company’s stock, valued at approximately $6,524,631.53. The disclosure for this sale can be found here. In the last 90 days, insiders sold 112,541 shares of company stock valued at $33,453,624. Insiders own 0.60% of the company’s stock.

Humana Company Profile

Humana Inc, together with its subsidiaries, operates as a health and well-being company in the United States. The company operates through four segments: Retail; Group and Specialty; Healthcare Services; and Individual Commercial. The Retail segment offers Medicare and supplemental benefit plans to individuals or through group accounts.

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Institutional Ownership by Quarter for Humana (NYSE:HUM)

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