Could Humana Inc (HUM) Change Direction After This Bullish Wedge Up Chart Pattern

June 20, 2017 - By Kurt Siggers

Investors sentiment increased to 1.1 in 2016 Q4. Its up 0.19, from 0.91 in 2016Q3. It is positive, as 54 investors sold Humana Inc shares while 177 reduced holdings. 72 funds opened positions while 182 raised stakes. 134.62 million shares or 1.50% more from 132.64 million shares in 2016Q3 were reported.
Principal Gp Inc stated it has 252,375 shares. 28,198 are owned by Wellington Grp Incorporated Ltd Liability Partnership. First Quadrant Ltd Partnership Ca holds 0.11% of its portfolio in Humana Inc (NYSE:HUM) for 26,495 shares. Louisiana State Employees Retirement has invested 0.1% of its portfolio in Humana Inc (NYSE:HUM). Alpine Woods Invsts Lc holds 0.12% of its portfolio in Humana Inc (NYSE:HUM) for 10,600 shares. Cs Mckee Ltd Partnership owns 84,480 shares. Guardian Life Insurance Of America holds 0.02% or 571 shares in its portfolio. Sol Cap Mgmt Co reported 3,600 shares. Mitsubishi Ufj Banking owns 309,719 shares or 0.13% of their US portfolio. Highland Cap Ltd Liability invested in 0.4% or 23,397 shares. Moreover, Glg Prns L P has 0.35% invested in Humana Inc (NYSE:HUM). Gateway Advisers Ltd owns 10,360 shares. Robeco Institutional Asset Mngmt Bv reported 0.01% of its portfolio in Humana Inc (NYSE:HUM). Sumitomo Mitsui Tru Inc holds 420,235 shares or 0.14% of its portfolio. Commonwealth Equity Services invested in 3,670 shares or 0.01% of the stock.

Since February 18, 2017, it had 0 insider buys, and 20 insider sales for $115.25 million activity. 4,832 shares were sold by BEVERIDGE – ROY A, worth $994,090. MARGULIS HEIDI S also sold $347,933 worth of Humana Inc (NYSE:HUM) on Friday, May 26. Huval Timothy S. had sold 25,529 shares worth $5.23 million on Saturday, February 18. Another trade for 122,571 shares valued at $25.16 million was made by MURRAY JAMES E on Saturday, February 18. PETERSON MARISSA T sold $685,863 worth of stock. 104,256 shares were sold by BROUSSARD BRUCE D, worth $21.40 million on Saturday, February 18. The insider Zipperle Cynthia H sold 1,885 shares worth $402,206.

The stock of Humana Inc (HUM) formed an up wedge with $242.83 target or 4.00 % above today’s $233.49 share price. The 5 months wedge indicates low risk for the $33.84 billion company. If the $242.83 price target is reached, the company will be worth $1.35 billion more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%.

About 375,661 shares traded. Humana Inc (NYSE:HUM) has risen 35.38% since June 20, 2016 and is uptrending. It has outperformed by 18.68% the S&P500.

Investors wait Humana Inc (NYSE:HUM) to report on August, 2. its quarterly earnings Wall Street analysts expect $2.78 EPS, up $0.48 or 20.87 % from last year’s $2.3 same quarter earnings. This translates into $402.98 million profit for HUM giving the stock a 21.00 P/E. This is assuming the current $2.78 EPS is accurate. Humana Inc’s Wall Street analysts see 1.09 % EPS growth, taking into account the $2.75 EPS reproted in the previous quarter,

Humana Inc (NYSE:HUM) Ratings Coverage

Among 18 analysts covering Humana (NYSE:HUM), 11 have Buy rating, 0 Sell and 7 Hold. Therefore 61% are positive. Humana had 34 analyst reports since July 30, 2015 according to SRatingsIntel. The firm earned “Overweight” rating on Wednesday, September 16 by JP Morgan. The firm has “Outperform” rating given on Friday, November 11 by Credit Suisse. The rating was maintained by Evercore with “Outperform” on Wednesday, April 26. The firm has “Neutral” rating by Credit Suisse given on Wednesday, December 16. The rating was maintained by IBC with “Outperform” on Friday, March 31. The stock has “Buy” rating by Argus Research on Friday, June 9. On Thursday, August 4 the stock rating was maintained by Barclays Capital with “Equal-Weight”. The rating was maintained by Oppenheimer on Thursday, March 30 with “Outperform”. The firm has “Sector Perform” rating by RBC Capital Markets given on Monday, November 9. The firm earned “Outperform” rating on Wednesday, April 26 by Cowen & Co.

More news for Humana Inc (NYSE:HUM) were recently published by: Gurufocus.com, which released: “Steadfast Capital Management Lp Buys Humana Inc, Microsoft Corp, eBay Inc …” on May 23, 2017. Seekingalpha.com‘s article titled: “Humana: Lower Share Price Ahead” and published on May 22, 2017 is yet another important article.

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