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HUM Humana

Humana Inc. is committed to helping its millions of medical and specialty members achieve their best health. Its successful history in care delivery and health plan administration is helping it create a new kind of integrated care with the power to improve health and well-being and lower costs. Its efforts are leading to a better quality of life for people with Medicare, families, individuals, military service personnel, and communities at large.

Company profile

Ticker
HUM
Exchange
Website
CEO
Bruce Broussard
Employees
Incorporated
Location
Fiscal year end
SEC CIK
IRS number
610647538

HUM stock data

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Calendar

28 Apr 21
28 Jul 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Humana earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 3.88B 3.88B 3.88B 3.88B 3.88B 3.88B
Cash burn (monthly) 265.33M 181.42M (positive/no burn) (positive/no burn) 279M (positive/no burn)
Cash used (since last report) 1.04B 709.46M n/a n/a 1.09B n/a
Cash remaining 2.84B 3.17B n/a n/a 2.79B n/a
Runway (months of cash) 10.7 17.5 n/a n/a 10.0 n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 Jul 21 Susan M Diamond Humana Common Payment of exercise Dispose F No No 445 92 40.94K 2,385
1 Jul 21 Susan M Diamond Humana Common Option exercise Aquire M No No 0 291 0 2,477
1 Jul 21 Susan M Diamond RSU Humana Common Option exercise Dispose M No No 0 291 0 291
30 Jun 21 Hilzinger Kurt J RSU Humana Common Grant Aquire A No No 442.715 194 85.89K 10,862
30 Jun 21 McDonald William J. RSU Humana Common Grant Aquire A No No 442.715 66 29.22K 10,605
30 Jun 21 Karen Katz RSU Humana Common Grant Aquire A No No 442.715 66 29.22K 441

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

92.1% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 851 850 +0.1%
Opened positions 97 108 -10.2%
Closed positions 96 89 +7.9%
Increased positions 304 302 +0.7%
Reduced positions 318 304 +4.6%
13F shares
Current Prev Q Change
Total value 49.79B 50.45B -1.3%
Total shares 118.76M 122.93M -3.4%
Total puts 1.23M 2.53M -51.5%
Total calls 797.12K 1.44M -44.6%
Total put/call ratio 1.5 1.8 -12.5%
Largest owners
Shares Value Change
BLK Blackrock 12.35M $5.18B +3.2%
TROW T. Rowe Price 10.09M $4.23B +1.0%
Vanguard 10.01M $4.2B -1.6%
FMR 8.63M $3.62B -6.9%
STT State Street 5.47M $2.3B -5.0%
Wellington Management 5.44M $2.28B -5.0%
Capital World Investors 4.38M $1.84B -8.2%
Capital International Investors 3.87M $1.62B -2.4%
Harris Associates L P 3.06M $1.28B +226.3%
Capital Research Global Investors 2.71M $1.13B -0.9%
Largest transactions
Shares Bought/sold Change
Harris Associates L P 3.06M +2.12M +226.3%
Lone Pine Capital 0 -1.51M EXIT
Norges Bank 0 -1.47M EXIT
Renaissance Technologies 27.29K -931.59K -97.2%
FMR 8.63M -638.43K -6.9%
Voya Investment Management 68.82K -518.05K -88.3%
Jennison Associates 848.32K -478.11K -36.0%
Capital World Investors 4.38M -388.93K -8.2%
BLK Blackrock 12.35M +385.14K +3.2%
Diamond Hill Capital Management 1.12M +346.11K +44.4%

Financial report summary

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Risks
  • Risks Relating to Our Business
  • If we fail to effectively implement our operational and strategic initiatives, including our Medicare initiatives and our state-based contracts strategy, our business may be materially adversely affected, which is of particular importance given the concentration of our revenues in these products. In addition, there can be no assurances that we will be successful in maintaining or improving our Star ratings in future years.
  • If we fail to properly maintain the integrity of our data, to strategically maintain existing or implement new information systems, or to protect our proprietary rights to our systems, our business may be materially adversely affected.
  • If we are unable to defend our information technology security systems against cybersecurity attacks or prevent other privacy or data security incidents that result in security breaches that disrupt our operations or in the unintended dissemination of sensitive personal information or proprietary or confidential information, we
  • could be exposed to significant regulatory fines or penalties, liability or reputational damage, or experience a material adverse effect on our results of operations, financial position, and cash flows.
  • We are involved in various legal actions and governmental and internal investigations, any of which, if resolved unfavorably to us, could result in substantial monetary damages or changes in our business practices. Increased litigation and negative publicity could increase our cost of doing business.
  • As a government contractor, we are exposed to risks that may materially adversely affect our business or our willingness or ability to participate in government health care programs.
  • Our business activities are subject to substantial government regulation. New laws or regulations, or legislative, judicial, or regulatory changes in existing laws or regulations or their manner of application could increase our cost of doing business and may have a material adverse effect on our results of operations (including restricting revenue, enrollment and premium growth in certain products and market segments, restricting our ability to expand into new markets, increasing our medical and operating costs by, among other things, requiring a minimum benefit ratio on insured products, lowering our Medicare payment rates and increasing our expenses associated with assessments); our financial position (including our ability to maintain the value of our goodwill); and our cash flows.
  • Any failure by us to manage acquisitions, divestitures and other significant transactions successfully may have a material adverse effect on our results of operations, financial position, and cash flows.
  • If we fail to develop and maintain satisfactory relationships with the providers of care to our members, our business may be adversely affected.
  • Our pharmacy business is highly competitive and subject us to regulations and supply chain risks in addition to those we face with our core health benefits businesses.
  • Our ability to obtain funds from certain of our licensed subsidiaries is restricted by state insurance regulations.
  • Downgrades in our debt ratings, should they occur, may adversely affect our business, results of operations, and financial condition.
  • The securities and credit markets may experience volatility and disruption, which may adversely affect our business.
Management Discussion
  • •Our strategy offers our members affordable health care combined with a positive consumer experience in growing markets. At the core of this strategy is our integrated care delivery model, which unites quality care, high member engagement, and sophisticated data analytics. Our approach to primary, physician-directed care for our members aims to provide quality care that is consistent, integrated, cost-effective, and member-focused, provided by both employed physicians and physicians with network contract arrangements. The model is designed to improve health outcomes and affordability for individuals and for the health system as a whole, while offering our members a simple, seamless healthcare experience. We believe this strategy is positioning us for long-term growth in both membership and earnings. We offer providers a continuum of opportunities to increase the integration of care and offer assistance to providers in transitioning from a fee-for-service to a value-based arrangement. These include performance bonuses, shared savings and shared risk relationships. At March 31, 2021, approximately 2,810,700 members, or 65%, of our individual Medicare Advantage members were in value-based relationships under our integrated care delivery model, as compared to 2,514,000 members, or 66%, at March 31, 2020. Medicare Advantage and dual demonstration program membership enrolled in a Humana chronic care management program was 925,100 at March 31, 2021, an increase of 2.8% from 899,700 at March 31, 2020. These members may not be unique to each program since members have the ability to enroll in multiple programs. The increase is primarily driven by growth in Special Needs Plans, or SNP, membership, partially offset by improved predictive modeling leading to a reduction in members being managed by legacy care management programs.
Content analysis
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