Humana Inc. to Post Fiscal 2022 Earnings of $24.68 Per Share, Jefferies Financial Group Forecasts (NYSE:HUM)

Humana Inc. (NYSE:HUM – Get Rating) – Equity researchers at Jefferies Financial Group raised their fiscal year 2022 earnings estimates for Humana shares in a research report released Wednesday, April 27. Jefferies Financial Group analyst D. Windley now expects the insurance provider to earn $24.68 per share for the year, up from its previous estimate of $24.32. Jefferies Financial Group also released estimates for Humana’s fiscal 2023 earnings at $27.80 EPS.

Several other stock analysts also weighed in on the company. Zacks Investment Research upgraded Humana from a “sell” rating to a “hold” rating and set a target price of $445.00 on the stock in a report on Friday, February 4. SVB Leerink lowered its price target on Humana from $528.00 to $525.00 and set an “outperform” rating on the stock in a Thursday, Feb. 3 research note. StockNews.com upgraded Humana from a “buy” rating to a “strong buy” rating in a Wednesday, April 20 research note. Truist Financial raised its price target on Humana from $460.00 to $490.00 in a Thursday, April 7 research note. Finally, Deutsche Bank Aktiengesellschaft raised its price target on Humana from $418.00 to $435.00 in a Thursday, February 3 research note. Seven research analysts gave the stock a hold rating, twelve gave the company a buy rating and one gave the company a high buy rating. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $486.28.

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NYSE HUM opened at $444.56 on Monday. Humana has a fifty-two week low of $351.20 and a fifty-two week high of $475.44. The stock’s 50-day moving average is $440.69 and its two-hundred-day moving average is $435.26. The company has a debt ratio of 0.74, a current ratio of 1.53 and a quick ratio of 1.62. The company has a market capitalization of $56.34 billion, a P/E ratio of 18.86, a price-to-earnings growth ratio of 1.37 and a beta of 0.94. Humana (NYSE:HUM – Get Rating) last released its results on Wednesday, April 27. The insurance provider reported earnings per share of $8.04 for the quarter, beating Thomson Reuters consensus estimate of $6.79 by $1.25. Humana had a return on equity of 17.27% and a net margin of 3.51%. The company posted revenue of $23.97 billion for the quarter, versus analyst estimates of $23.54 billion. During the same period last year, the company earned earnings per share of $7.67. The company’s revenues increased by 16.0% compared to the same quarter last year.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 29. Shareholders of record on Thursday, June 30 will receive a dividend of $0.7875 per share. This represents an annualized dividend of $3.15 and a dividend yield of 0.71%. The ex-dividend date is Wednesday, June 29. Humana’s payout rate is 13.36%.

Institutional investors have recently changed their stake in the company. Spire Wealth Management bought a new equity stake in Humana in Q4 worth $30,000. Bell Investment Advisors Inc acquired a new position in Humana in Q3 worth $26,000. BerganKDV Wealth Management LLC increased its stake in Humana by 885.7% in the 4th quarter. BerganKDV Wealth Management LLC now owns 69 shares of the insurance provider worth $32,000 after purchasing an additional 62 shares during the period. Riverview Trust Co acquired a new position in Humana in Q1 worth $32,000. Finally, Selective Wealth Management Inc. acquired a new position in Humana in Q4 worth $35,000. Institutional investors hold 92.96% of the company’s shares.

Humana Company Profile (Get an assessment)

Humana Inc, together with its subsidiaries, operates as a health and wellness company in the United States. It operates through three segments: Retail, Group and Specialty, and Healthcare Services. The company offers medical and supplemental insurance plans to individuals. It also has a contract with the Centers for Medicare and Medicaid Services to administer the Transitional Prescription Drug Plan program for new eligibles with limited income; and contracts with various states to provide Medicaid, dual eligibility, and long-term support services.

Further reading

Earnings history and estimates for Humana (NYSE:HUM)

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