Are Things Looking Up For Humana Inc. (NYSE: HUM)?

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Yahoo Finance discussed the stock recently as it posted Humana Inc. to Release Fourth Quarter 2023 Results on February 5, 2024.

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Stocks Info

The company is listed on the NYSE and operates within the Healthcare Plans industry segment. At the end of the last regular session, the stock closed at $447.76 and fluctuated between $455.53 as its day high and $439.36 as its day low. The current market capitalization of Humana Inc. is $55.12B. A total of 2.53 million shares were traded on the day, compared to an average of 1.43M shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, HUM has seen 0 BUY and 1 SELL insider trades, representing the acquisition of 0 and the disposition of 600 shares. Over the last 12 months, there were 16 BUYs and 21 SELLs from insiders. Insiders purchased 58,921 shares during that period but sold 58,569.

In the most recent transaction, Diamond Susan M sold 4,156 shares of HUM for 526.28 per share on May 04. After the transaction, the Chief Financial Officer now owns 3,931 company shares. In a previous transaction on Feb 27, BROUSSARD BRUCE D sold 17,575 shares at 505.85 per share. HUM shares that President & CEO owns now total 70,040.

Among the insiders who sold shares, Huval Timothy S. disposed of 2,628 shares on Feb 27 at a per-share price of $510.30. This resulted in the Chief Administrative Officer holding 4,968 shares of HUM after the transaction. In another insider transaction, Ventura Joseph C sold 2,048 shares at $507.97 per share on Feb 27. Company shares held by the Chief Legal Officer now total 4,256.

Dividend

The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Humana Inc. pays an annual dividend of $3.60, resulting in a dividend yield of 0.80%, and it has a price to earnings (P/E) ratio of 18.56. HUM’s most recent ex-dividend date was 12/28/2023 when it declared a $0.8850 quarterly dividend that was paid in cash on 1/26/2024. Previously, the company paid the dividend on 10/27/2023 with an ex-dividend date of 9/28/2023. The HUM stock dividend was $0.8850 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for HUM in the last 3 months, the mean price target is $583.21 with high estimates of $648.00 and low estimates of $531.00. In terms of 52-week highs and lows, HUM has a high of $541.21 and a low of $423.29.

As of this writing, HUM has an earnings estimate of $2.17 per share for the current quarter. EPS was calculated based on a consensus of 17 estimates, with a high estimate of $2.6 per share and a lower estimate of $1.94. The company reported an EPS of $8.94 in the last quarter, which was 1.40% higher than expectations of $8.82.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. HUM’s latest balance sheet shows that the firm has $16.59B in Cash & Short Term Investments as of fiscal 2021. Its Book Value Per Share was $137.67, while its Total Shareholder’s Equity was $16.10B.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for HUM is Buy with a score of 4.61.

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