Quinn Opportunity Partners buys $11,720,823 stake in Humana Inc (HUM)

Humana Inc (HUM) : Quinn Opportunity Partners scooped up 35,046 additional shares in Humana Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 58,946 shares of Humana Inc which is valued at $11,720,823.Humana Inc makes up approximately 3.97% of Quinn Opportunity Partners’s portfolio.

Other Hedge Funds, Including , Blackrock Institutional Trust Company N.a. boosted its stake in HUM in the latest quarter, The investment management firm added 59,945 additional shares and now holds a total of 3,967,972 shares of Humana Inc which is valued at $694,037,983. Humana Inc makes up approx 0.11% of Blackrock Institutional Trust Company N.a.’s portfolio. American Century Companies Inc added HUM to its portfolio by purchasing 107,253 company shares during the most recent quarter which is valued at $18,038,882. Humana Inc makes up approx 0.02% of American Century Companies Inc’s portfolio.

Humana Inc closed down -1.9 points or -0.94% at $200.16 with 9,38,035 shares getting traded on Monday. Post opening the session at $201.99, the shares hit an intraday low of $199.96 and an intraday high of $202.4 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Humana Inc reported $3.18 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Nov 4, 2016. Analyst had a consensus of $3.15. The company had revenue of $13690.00 million for the quarter, compared to analysts expectations of $13412.76 million. The company’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.16 EPS.

Investors should note that on Oct 26, 2016, Humana Inc announced a cash dividend of $0.2900. The company’s management has announced Jan 10, 2017 as the ex-dividend date and fixed the record date on Jan 12, 2017. The payable date has been fixed on Jan 27, 2017.

Many Wall Street Analysts have commented on Humana Inc. Humana Inc was Upgraded by Credit Suisse to ” Outperform” on Nov 11, 2016. Humana Inc was Upgraded by JP Morgan to ” Overweight” on Nov 10, 2016. Shares were Reiterated by RBC Capital Mkts on Oct 13, 2016 to “Sector Perform” and Lowered the Price Target to $ 217 from a previous price target of $222 .

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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