Humana Stock Price, News & Analysis

Humana Inc. (NYSE: HUM) has been recognized as one of PEOPLE's '100 Companies That Care' for 2024, ranking 46th. The list honors companies that go above and beyond for customers, employees, and communities. 81% of Humana employees surveyed said it's a great place to work, while 86% felt good about the company's community contributions.

Humana recently held its first Community Day in Louisville, Kentucky, kicking off a nationwide 'Month of Impact' aiming to generate $10 million in collective impact to local communities. Activities included packing one million meals for distribution, cleaning up Waterfront Park, and providing nutrition education. The company was particularly praised for its support of military personnel, veterans, and their families.

Humana Inc. (NYSE: HUM) has announced that Chief Financial Officer Susan M. Diamond will present at the Wells Fargo Healthcare Conference on September 4, 2024, at 8:00 a.m. Eastern time. A live audio webcast of the presentation will be available on Humana's Investor Relations page at humana.com.

Humana, committed to prioritizing health for its teammates, customers, and company, offers insurance services through Humana and healthcare services via CenterWell. The company aims to improve the quality of life for people with Medicare, Medicaid, families, individuals, military service personnel, and communities at large.

Investors interested in the presentation are advised to sign on approximately 15 minutes early to allow time for system tests and software downloads if needed.

Humana is launching its inaugural Community Day on Aug. 21, marking the company's founding anniversary with a dedicated day of service in Louisville. This event kicks off a nationwide 'Month of Impact' aimed at generating $10 million for communities where Humana employees live and work.

The initiative includes:

• Assembling one million meal kits to address food insecurity
• Cleaning up Waterfront Park and water quality testing
• Supporting a nutrition-focused event at Norton Sports and Learning Center

Humana Foundation is contributing a $600,000 grant to transform a neglected area of Waterfront Park. The company's commitment to community impact extends beyond this event, with employees and the Foundation regularly supporting various initiatives. Humana aims to foster healthier communities and address social drivers of health through these efforts.

Humana Inc. (NYSE: HUM) has launched a refreshed military-connected hiring strategy and earned recognition as a Top Veteran-Friendly Employer and Top Veteran-Friendly Supplier Diversity Program by U.S. Veterans Magazine. The company, which administers health benefits for nearly 6 million active-duty military and retirees, has hired about 6,000 veterans and military spouses since 2011. Humana's new strategy includes:

1. A pledge to hire 2,000 military-connected employees by 2032
2. Retention goals of 75% in the first year, increasing to 90% for years 2-5
3. Adoption of the 4+1 plan for military spouse support

This initiative reflects Humana's commitment to creating an inclusive work environment that values veterans' skills and experiences.

Humana Inc. (NYSE: HUM) has announced that its Board of Directors has declared a cash dividend of $0.885 per share to stockholders. The dividend will be payable on October 25, 2024 to stockholders of record as of the close of business on September 30, 2024. Humana, committed to prioritizing health for its teammates, customers, and company, offers both Humana insurance services and CenterWell health care services. The company aims to improve the quality of life for people with Medicare, Medicaid, families, individuals, military service personnel, and communities at large.

CarePlus Health Plans has launched the CarePlus Community Navigator, a new platform to aid Floridians in accessing essential local resources. The platform addresses social determinants of health like food security, housing, and transportation. Users can find resources such as food banks, transportation options, and affordable housing. Initial data indicate 47% of searches are related to food security, 26% to housing, and 8% to transportation.

CarePlus President Steven Ruiz emphasized that this initiative aims to enhance health equity across Florida. The platform is part of a broader effort by CarePlus and its partners to use local health data to better serve the community. For more information, visit CarePlus Community Navigator.

The Trust for the National Mall and Humana (NYSE: HUM) announce the second annual National Mall of Pickleball event, scheduled for September 27-29, 2024, in Washington D.C. This year's event, themed 'One for the Ages,' will feature 11 temporary courts and over 250 hours of pickleball activities. New additions include two extra courts, the 'Ultimate Duo Challenge' celebrating intergenerational relationships, and various tournaments. Advance court reservations open on September 18, 2024, at 12:00pm ET.

The event aims to promote intergenerational connections and active lifestyles. It will offer free community play, lessons, and spectator opportunities. Funds raised will support the Trust's mission to preserve and enhance the National Mall. The collaboration between the Trust and Humana emphasizes the importance of social connection and physical health in promoting healthy living, particularly for seniors.

The Humana Foundation, the philanthropic arm of Humana Inc. (NYSE: HUM), has announced 80 winners of college scholarships for the 2024-25 school year. The scholarships, awarded to children of Humana employees, provide up to $3,000 annually for postsecondary education, renewable for up to three years with a total possible award of $12,000. This year's recipients were selected from a record 651 applicants nationwide, based on academic achievement, leadership ability, and financial need.

The program expanded eligibility to include students attending accredited vocational and technical schools. In addition to the 80 new scholarship winners, 162 students renewed their scholarships from the previous year. Since 2001, the Humana Foundation has awarded over $15 million to assist more than 1,700 children of Humana employees in pursuing higher education.

Humana has reported its financial results for the second quarter of 2024. Key metrics include a GAAP EPS of $5.62 and an Adjusted EPS of $6.96. Year-to-date figures show a GAAP EPS of $11.74 and an Adjusted EPS of $14.19. Revenue for the quarter rose to $29.54 billion from $26.75 billion in 2Q23, while Adjusted Revenue increased to $29.38 billion from $25.73 billion.

However, the company revised its full-year GAAP EPS guidance to approximately $12.81 from $13.93, but maintained its Adjusted EPS guidance at $16.00. Additionally, Humana projected an increase in its individual Medicare Advantage membership growth by 75,000, anticipating a total growth of 225,000 members, or 4.2%, for 2024.

Operating cost ratio improved to 10.8% from 11.8% last year. The Insurance segment showed a benefits expense ratio of 89.5%, up from 86.8% in 2Q23. Operating cash flows decreased to $1.64 billion. The announcement included a Q&A session at 9 a.m. ET and updates on their Investor Relations page.