Stock traders buy large volume of put options on Humana (NYSE: HUM)

Humana Inc. (NYSE: HUM) was the target of unusually heavy options trading activity on Friday. Traders bought 3,495 puts on the company. This represents a 65% increase over the average daily volume of 2,114 puts.

HUM has been the subject of several research reports. Citigroup raised its price target for Humana shares from $ 510.00 to $ 528.00 and assigned a “buy” rating to the stock in a research report on Tuesday, November 9. Royal Bank of Canada raised its price target for Humana shares from $ 479.00 to $ 525.00 and assigned the stock an “outperformance” rating in a research report released on Thursday, November 4. Oppenheimer raised its price target on Humana shares from $ 480.00 to $ 510.00 and rated the stock as “outperforming” in a research report released Thursday, November 4. Bank of America raised its price target for Humana shares from $ 505.00 to $ 530.00 and gave the company a “buy” rating in a research report released Thursday, November 4. Finally, the Goldman Sachs group assumed coverage of Humana’s shares in a research report on Tuesday, December 14. They issued a “neutral” rating and a target price of $ 472.00 on the stock. Seven investment analysts rated the stock with a conservation rating and thirteen gave the stock a buy rating. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $ 498.93.

In other Humana news, CEO Bruce D. Broussard sold 50,006 shares of the company in a trade on Friday, November 5. The shares were sold for an average price of $ 454.70, for a total value of $ 22,737,728.20. The transaction was disclosed in a legal file with the Securities & Exchange Commission, accessible through this hyperlink. Company insiders own 0.40% of the company’s shares.

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Several institutional investors have recently changed their holdings in HUM. Viking Global Investors LP increased its position in Humana by 411.2% during the 3rd quarter. Viking Global Investors LP now owns 3,007,133 shares of the insurance provider valued at $ 1,170,226,000 after purchasing an additional 2,418,848 shares in the last quarter. FMR LLC increased its position in Humana by 18.7% during the 2nd quarter. FMR LLC now owns 10,241,494 shares of the insurance provider valued at $ 4,534,114,000 after purchasing an additional 1,612,251 shares during the last quarter. Amundi took a new stake in Humana during the second quarter for a value of approximately $ 393,330,000. Wellington Management Group LLP increased its position in Humana by 10.7% during the 3rd quarter. Wellington Management Group LLP now owns 6,465,032 shares of the insurance provider valued at $ 2,515,867,000 after purchasing an additional 626,652 shares in the last quarter. Finally, First Trust Advisors LP increased its position in Humana by 186.1% during the second quarter. First Trust Advisors LP now owns 690,050 shares of the insurance provider valued at $ 305,499,000 after purchasing an additional 448,859 shares in the last quarter. Institutional investors hold 91.75% of the company’s shares.

NYSE: HUM traded down $ 13.29 during Friday’s midday session, reaching $ 354.24. 61,433 shares of the stock traded hands, up from its average volume of 2,412,183. The company has a fifty-day moving average of $ 446.92 and a 200-day moving average of $ 434.17. Humana has a 12 month low of $ 359.28 and a 12 month high of $ 475.44. The company has a debt to equity ratio of 0.70, a quick ratio of 1.72, and a current ratio of 1.72. The stock has a market cap of $ 45.53 billion, a P / E ratio of 17.38, a PEG ratio of 1.68 and a beta of 0.94.

Humana (NYSE: HUM) last released its quarterly results on Wednesday, November 3. The insurance provider reported EPS of $ 4.83 for the quarter, beating the Zacks’ consensus estimate of $ 4.61 by $ 0.22. Humana had a net margin of 3.30% and a return on equity of 14.95%. The company posted revenue of $ 20.70 billion in the quarter, compared to $ 20.91 billion according to analysts’ estimates. During the same period of the previous year, the company posted EPS of $ 3.08. The company’s revenue increased 3.1% compared to the same quarter last year. On average, analysts predict that Humana will post 20.54 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 28. Shareholders of record on Friday, December 31 will receive a dividend of $ 0.70. The ex-dividend date for this dividend is Thursday, December 30. This represents an annualized dividend of $ 2.80 and a return of 0.79%. Humana’s dividend payout ratio (DPR) is currently 13.52%.

About Humana

Humana Inc is engaged in the provision of health insurance services. The company operates in the following segments: retail, group and specialty services, and healthcare. The Retail segment includes products sold at retail to individuals, including medical and extended benefit plans such as Medicare and state-based Medicaid contracts.

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