Oz Management Lp buys $430,922,643 stake in Humana Inc (HUM)

Humana Inc (HUM) : Oz Management Lp scooped up 937,353 additional shares in Humana Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 2,382,631 shares of Humana Inc which is valued at $430,922,643.Humana Inc makes up approximately 3.57% of Oz Management Lp’s portfolio.

Other Hedge Funds, Including , Discovery Capital Management Ct boosted its stake in HUM in the latest quarter, The investment management firm added 284,826 additional shares and now holds a total of 647,176 shares of Humana Inc which is valued at $117,048,251. Humana Inc makes up approx 1.33% of Discovery Capital Management Ct’s portfolio.United Services Automobile Association boosted its stake in HUM in the latest quarter, The investment management firm added 708 additional shares and now holds a total of 46,546 shares of Humana Inc which is valued at $8,418,310. Humana Inc makes up approx 0.03% of United Services Automobile Association’s portfolio.Diam Ltd. reduced its stake in HUM by selling 3,835 shares or 3.86% in the most recent quarter. The Hedge Fund company now holds 95,463 shares of HUM which is valued at $16,560,921. Humana Inc makes up approx 0.24% of Diam Ltd.’s portfolio.Sumitomo Mitsui Asset Management Company Ltd boosted its stake in HUM in the latest quarter, The investment management firm added 166 additional shares and now holds a total of 11,502 shares of Humana Inc which is valued at $1,984,670. Humana Inc makes up approx 0.06% of Sumitomo Mitsui Asset Management Company Ltd’s portfolio.Oakbrook Investments boosted its stake in HUM in the latest quarter, The investment management firm added 1,175 additional shares and now holds a total of 9,530 shares of Humana Inc which is valued at $1,677,757. Humana Inc makes up approx 0.09% of Oakbrook Investments’s portfolio.

Humana Inc closed down -2.18 points or -1.22% at $176.53 with 5,66,140 shares getting traded on Thursday. Post opening the session at $179.23, the shares hit an intraday low of $176.3 and an intraday high of $179.23 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Humana Inc reported $2.30 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $2.28. The company had revenue of $14010.00 million for the quarter, compared to analysts expectations of $13593.82 million. The company’s revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.67 EPS.

Investors should note that on Aug 25, 2016, Humana Inc announced a cash dividend of $0.2900. The company’s management has announced Oct 11, 2016 as the ex-dividend date and fixed the record date on Oct 13, 2016. The payable date has been fixed on Oct 28, 2016.

Many Wall Street Analysts have commented on Humana Inc. Shares were Reiterated by FBR Capital on Jul 22, 2016 to “Mkt Perform” and Lowered the Price Target to $ 170 from a previous price target of $220 .Company shares were Reiterated by RBC Capital Mkts on Jul 22, 2016 to “Outperform”, Firm has raised the Price Target to $ 224 from a previous price target of $220 .Jefferies Upgraded Humana Inc on Jul 18, 2016 to ” Buy”, Price Target of the shares are set at $210.

Humana Inc. (Humana) is a health and well-being company. The Company operates in three segments: Retail Employer Group and Healthcare Services. The Company’s medical and specialty insurance products allow members to access health care services through its network of health care providers. Its Retail Segment consists of products sold on a retail basis to individuals including medical and supplemental benefit plans. Its Employer Group segment consists of products sold to employer groups including medical and supplemental benefit plans as well as health and wellness products. Its Healthcare Services segment consists of businesses which offers services including pharmacy solutions provider services home-based services integrated behavioral health services and predictive modeling and informatics services to other Humana businesses as well as external health plan members external health plans and other employers or individuals.

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