Could Humana Inc. (NYSE: HUM) Post Life-Changing Returns?

In the last trading session, 8.26 million Humana Inc. (NYSE:HUM) shares changed hands as the company’s beta touched 0.51. With the company’s per share price at $238.88 changed hands at -$40.57 or -14.52% during last session, the market valuation stood at $28.76B. HUM’s last price was a discount, traded about -122.09% off its 52-week high of $530.54. The share price had its 52-week low at $276.80, which suggests the last value was -15.87% down since then. When we look at Humana Inc.’s average trading volume, we note the 10-day average is 1.96 million shares, with the 3-month average coming to 1.34 million.

Analysts gave the Humana Inc. (HUM) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.08. If we narrow down to specifics, the data shows that 0 out of 18 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 7 recommended HUM as a Hold, 11 felt it is a Buy and 0 rated the stock as Underweight. Humana Inc.’s EPS for the current quarter is expected to be 3.38.

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Humana Inc. (NYSE:HUM) trade information

Instantly HUM was in red as seen at the end of in last trading. With action -23.42%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -47.82%, with the 5-day performance at -23.42% in the red. However, in the 30-day time frame, Humana Inc. (NYSE:HUM) is -34.29% down. Looking at the short shares, we see there were 2.24 million shares sold at short interest cover period of 2.04 days.

The consensus price target for the stock as assigned by Wall Street analysts is 499, meaning bulls need an upside of 52.13% from its current market value. According to analyst projections, HUM’s forecast low is 360 with 652 as the target high. To hit the forecast high, the stock’s price needs a -172.94% plunge from its current level, while the stock would need to soar -50.7% for it to hit the projected low.

Humana Inc. (HUM) estimates and forecasts

Data shows that the Humana Inc. share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -22.46% over the past 6 months, a -38.14% in annual growth rate that is considerably lower than the industry average of -1.20%. Year-over-year growth is forecast to reach 13.20% up from the last financial year.

Consensus estimates given by 16 financial analysts project the company’s revenue in the current quarter to hit an average of 28.68B. 16 analysts are of the opinion that Humana Inc.’s revenue for the current quarter will be 28.68B. The company’s revenue for the corresponding quarters a year ago was 25.53B and 25.73B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 12.30%. The estimates for the next quarter sales put growth at 11.40%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 10.46%. The 2024 estimates are for Humana Inc. earnings to decrease by -37.97%, but the outlook for the next 5-year period is at 4.90% per year.

HUM Dividends

Humana Inc. is expected to release its next quarterly earnings report on 2024-Oct-30. The 1.48% annual yield figure for the share gives it an annual dividend of 3.54. It is important to note, however, that the 1.48% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 0.7 per year.

Humana Inc. (NYSE:HUM)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 0.21% of Humana Inc. shares while 96.18% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 96.38%. There are 96.18% institutions holding the Humana Inc. stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 9.0892% of the shares, roughly 11.0 million HUM shares worth $4.11 billion.

BLACKROCK INC. holds the second largest percentage of outstanding shares, with 9.0716% or 10.97 million shares worth $4.1 billion as of 2024-06-30.