The stock of Humana Inc (NYSE:HUM) hit a new 52-week high and has $331.69 target or 64.00% above today’s $202.25 share price. The 5 months bullish chart indicates low risk for the $30.37B company. The 1-year high was reported on Nov, 17 by Barchart.com. If the $331.69 price target is reached, the company will be worth $19.44 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 1.44M shares traded hands. Humana Inc (NYSE:HUM) has risen 18.01% since April 15, 2016 and is uptrending. It has outperformed by 13.39% the S&P500.
Humana Inc (NYSE:HUM) Ratings Coverage
Out of 7 analysts covering Humana (NYSE:HUM), 4 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 57% are positive. Humana has been the topic of 17 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The rating was maintained by RBC Capital Markets on Friday, July 22 with “Outperform”. RBC Capital Markets maintained Humana Inc (NYSE:HUM) on Tuesday, September 8 with “Sector Perform” rating. JP Morgan downgraded Humana Inc (NYSE:HUM) rating on Friday, July 8. JP Morgan has “Neutral” rating and $150 price target. The firm earned “Sector Perform” rating on Thursday, October 13 by RBC Capital Markets. The stock of Humana Inc (NYSE:HUM) has “Neutral” rating given on Tuesday, August 16 by Credit Suisse. As per Friday, November 11, the company rating was upgraded by Credit Suisse. The firm has “Buy” rating given on Monday, July 18 by Jefferies. The stock has “Neutral” rating given by Credit Suisse on Wednesday, December 16. The firm earned “Overweight” rating on Wednesday, September 16 by JP Morgan. The rating was maintained by Jefferies on Thursday, August 4 with “Buy”.
According to Zacks Investment Research, “Humana, Inc. is a health services company that facilitates the delivery of health care services through networks of providers to its medical members. The company’s products are marketed primarily through health maintenance organizations and preferred provider organizations that encourage or require the use of contracted providers. The company also offers various specialty products to employers, including dental, group life and workers’ compensation, and administrative services to those who self-insure their employee health plans.”
Insitutional Activity: The institutional sentiment increased to 1.1 in Q2 2016. Its up 0.10, from 1 in 2016Q1. The ratio is positive, as 43 funds sold all Humana Inc shares owned while 172 reduced positions. 59 funds bought stakes while 178 increased positions. They now own 135.64 million shares or 4.91% less from 142.65 million shares in 2016Q1.
Jennison Assocs Lc holds 0.06% of its portfolio in Humana Inc (NYSE:HUM) for 312,882 shares. Ameriprise Financial has invested 0.1% of its portfolio in Humana Inc (NYSE:HUM). Gemmer Asset Limited Liability Corp has 95 shares for 0.01% of their US portfolio. Harvey Investment Ltd Co holds 0.08% of its portfolio in Humana Inc (NYSE:HUM) for 2,000 shares. The Missouri-based Comm Comml Bank has invested 0.01% in Humana Inc (NYSE:HUM). Boston Advsr Limited Liability has 2,597 shares for 0.01% of their US portfolio. Oz Limited Partnership accumulated 2.32 million shares or 2.41% of the stock. Para Ltd Liability Com accumulated 5,000 shares or 4.74% of the stock. Rothschild Asset Management holds 2,845 shares or 0.01% of its portfolio. D E Shaw & Inc accumulated 2.11M shares or 0.7% of the stock. Euclid Ltd Com has 14,572 shares for 0.11% of their US portfolio. Voya Mngmt Lc has 0.03% invested in the company for 56,758 shares. Cleararc Cap holds 0.13% or 3,630 shares in its portfolio. Janus Management Ltd Liability holds 0.14% or 894,379 shares in its portfolio. The Michigan-based Ally Fin has invested 0.41% in Humana Inc (NYSE:HUM).
HUM Company Profile
Humana Inc. (Humana), incorporated on July 27, 1964, is a health and well-being company. The Company’s medical and specialty insurance products allow members to access healthcare services primarily through its networks of healthcare providers. The Company’s divisions include Retail, Group, Healthcare Services and Other Businesses. The Retail segment consists of Medicare benefits, marketed to individuals or directly via group accounts, as well as individual commercial fully-insured medical and specialty health insurance benefits, including dental, vision, and other supplemental health and financial protection products. The Group segment consists of employer group commercial fully-insured medical and specialty health insurance benefits, including dental, vision, and other supplemental health and voluntary insurance benefits, as well as administrative services only (ASO) products. The Healthcare Services segment includes services offered to its health plan members, as well as to third parties, including pharmacy solutions, well-known provider services, home services and clinical programs, as well as services and capabilities to advance population health. The Other Businesses segment includes its closed-block long-term care insurance policies.
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