Jet Capital Investors L P Lowers stake in Humana Inc (HUM)

Humana Inc (HUM) : Jet Capital Investors L P reduced its stake in Humana Inc by 21.61% during the most recent quarter end. The investment management company now holds a total of 650,298 shares of Humana Inc which is valued at $107.4 Million after selling 179,225 shares in Humana Inc , the firm said in a disclosure report filed with the SEC on May 13, 2016.Humana Inc makes up approximately 10.75% of Jet Capital Investors L P’s portfolio.

Other Hedge Funds, Including , Prudential Plc boosted its stake in HUM in the latest quarter, The investment management firm added 259 additional shares and now holds a total of 8,866 shares of Humana Inc which is valued at $1.5 Million. Humana Inc makes up approx 0.01% of Prudential Plc’s portfolio.Hanson Doremus Investment Management reduced its stake in HUM by selling 25 shares or 1.04% in the most recent quarter. The Hedge Fund company now holds 2,378 shares of HUM which is valued at $392,917. Humana Inc makes up approx 0.18% of Hanson Doremus Investment Management’s portfolio.Whitebox Advisors reduced its stake in HUM by selling 75,000 shares or 29.94% in the most recent quarter. The Hedge Fund company now holds 175,507 shares of HUM which is valued at $30 Million. Humana Inc makes up approx 4.54% of Whitebox Advisors’s portfolio.

Humana Inc opened for trading at $170.63 and hit $175.14 on the upside on Wednesday, eventually ending the session at $174.7, with a gain of 2.30% or 3.92 points. The heightened volatility saw the trading volume jump to 17,73,837 shares. Company has a market cap of $26,037 M.

On the company’s financial health, Humana Inc reported $1.86 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on May 4, 2016. Analyst had a consensus of $1.81. The company had revenue of $13800.00 million for the quarter, compared to analysts expectations of $13802.44 million. The company’s revenue was down -.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $2.47 EPS.

Investors should note that on May 4, 2016, Humana Inc announced a cash dividend of $0.2900. The company’s management has announced Jun 28, 2016 as the ex-dividend date and fixed the record date on Jun 30, 2016. The payable date has been fixed on Jul 29, 2016.

Many Wall Street Analysts have commented on Humana Inc. Company shares were Reiterated by Stifel on May 5, 2016 to “Buy”, Firm has raised the Price Target to $ 220 from a previous price target of $209 .Company shares were Reiterated by RBC Capital Mkts on May 5, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 220 from a previous price target of $209 .

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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