JP Morgan Downgrades Humana Inc. (HUM) to a Neutral from an Overweight


Humana Inc.’s recently made public that its Chief Financial Officer Diamond Susan M unloaded Company’s shares for reported $2.19 million on May 04. In the deal valued at $526.28 per share,4,156 shares were sold. As a result of this transaction, Diamond Susan M now holds 3,931 shares worth roughly $ 1.85 million.

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Then, BROUSSARD BRUCE D sold 17,575 shares, generating $8,890,233 in total proceeds. Upon selling the shares at $505.85, the President & CEO now owns 70,040 shares.

Before that, Huval Timothy S. sold 2,628 shares. Humana Inc. shares valued at $1,341,080 were divested by the Chief Administrative Officer at a price of $510.30 per share. As a result of the transaction, Huval Timothy S. now holds 4,968 shares, worth roughly $2.34 million.

JP Morgan downgraded its Humana Inc. [HUM] rating to a Neutral from a an Overweight in a research note published on Tuesday, July 07, 2023; the price target was decreased to $540 from $576. PT values the company’s stock at a premium of 12.92 to its Tuesday closing price.

Price Performance Review of HUM

On Tuesday, Humana Inc. [NYSE:HUM] saw its stock jump 2.09% to $470.22. On the same session, the stock had its day’s lowest price of $459.40, but rose to a high of $473.9125. Over the last five days, the stock has lost -2.17%. Humana Inc. shares have fallen nearly -8.19% since the year began. Nevertheless, the stocks have fallen -3.44% over the past one year. While a 52-week high of $571.30 was reached on 05/09/23, a 52-week low of $423.29 was recorded on 07/13/23. SMA at 50 days reached $463.77, while 200 days put it at $495.71. A total of 1.16 million shares were traded, compared to the trading of 0.99 million shares in the previous session.

Levels Of Support And Resistance For HUM Stock

The 24-hour chart illustrates a support level at 461.78, which if violated will result in even more drops to 453.33. On the upside, there is a resistance level at 476.29. A further resistance level may holdings at 482.36. The Relative Strength Index (RSI) on the 14-day chart is 44.92, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -15.98, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 67.05%. Stochastics %K at 18.09% indicates the stock is a buying.

How much short interest is there in Humana Inc.?

A steep rise in short interest was recorded in Humana Inc. stocks on Aug 14, 2023, dropping by -0.28 million shares to a total of 2.78 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 3.06 million shares. There was a decline of -10.07%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.25% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.81.

Humana Inc. [HUM] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 10,738,376 shares, or roughly 8.59% of the outstanding HUM shares. In other words, the investor’s shares have risen by 9,709 from its previous 13-F filing of 10728667.0. Additionally, T. Rowe Price Associates, Inc. decreased -5.89% of its stake after which the total value it holdings stand at $3,223,646,477, while Wellington Management Co. LLP reduced -6.80% of its stake to hold $3.13 billion in the firm. Over the last quarter, BlackRock Fund Advisors sold -195,158 shares of Humana Inc., while SSgA Funds Management, Inc. sold 143,883 shares. At present, Fidelity Management & Research Co is holding 5,716,806 shares valued at $2.61 billion. Capital Research & Management Co owned 3,871,317 shares of the company at the time of its most recent 13F filing, worth $1.77 billion.

According to FactSet, Humana Inc.’s share price will average $580.52 in the next year, based on opinions of analysts polled by the firm. This is up nearly 27.01 percent from its previous closing price of $460.61. Analysts expect Humana Inc. stock to reach the higher price of $640.00, while the lowest price estimate is $468.00. However, 23 analysts have rated HUM stock as an Overweight in their predictions for 2023.


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