FMR LLC & Abigail Johnson Trim Humana Stake to 3.892%
Ticker: HUM · Form: SC 13G/A · Filed: Feb 9, 2024 · CIK: 49071
| Field | Detail |
|---|---|
| Company | Humana Inc (HUM) |
| Form Type | SC 13G/A |
| Filed Date | Feb 9, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, stake-change, SC-13G/A
TL;DR
**FMR LLC and Abigail Johnson just cut their Humana stake to 3.892%.**
AI Summary
FMR LLC, a major investment firm, and its principal owner, Abigail P. Johnson, have updated their ownership stake in Humana Inc. (HUM) through an SC 13G/A filing on February 9, 2024. They now collectively beneficially own 4,792,534 shares of Humana's common stock, representing 3.892% of the company. This filing indicates a slight decrease in their reported ownership percentage from previous filings, which could signal a minor shift in their investment strategy or portfolio rebalancing, potentially impacting investor sentiment.
Why It Matters
This filing shows that a significant institutional investor, FMR LLC, and its leader, Abigail P. Johnson, have slightly reduced their ownership percentage in Humana, which could be interpreted by other investors as a signal about the stock's future prospects.
Risk Assessment
Risk Level: low — A minor change in institutional ownership percentage, especially from a large fund, typically presents a low risk to the company's fundamentals.
Analyst Insight
Investors should note the minor reduction in FMR LLC's stake but recognize that a 3.892% ownership is still substantial. This filing alone is unlikely to trigger a major price movement but warrants monitoring for any further significant changes in institutional ownership.
Key Numbers
- 4,792,534 — shares beneficially owned (total common stock shares of Humana Inc. owned by FMR LLC and Abigail P. Johnson)
- 3.892% — percent of class (percentage of Humana Inc. common stock beneficially owned by FMR LLC and Abigail P. Johnson)
- 0000315066-24-001194 — accession number (unique identifier for this specific SEC filing)
- 444859102 — CUSIP number (unique identification number for Humana Inc. common stock)
Key Players & Entities
- FMR LLC (company) — reporting person and parent holding company
- Abigail P. Johnson (person) — reporting person and principal owner of FMR LLC
- HUMANA INC (company) — the issuer of the common stock
- Delaware (company) — state of incorporation for FMR LLC
- United States of America (person) — citizenship of Abigail P. Johnson
Forward-Looking Statements
- The slight reduction in FMR LLC's stake in Humana Inc. may lead to a neutral to slightly negative short-term market reaction for Humana's stock. (Humana Inc. (HUM)) — medium confidence, target: 1 week
- FMR LLC will continue to be a significant, but not activist, shareholder in Humana Inc. given their filing under Rule 13d-1(b). (FMR LLC) — high confidence, target: 1 year
FAQ
What is the total number of Humana Inc. common stock shares beneficially owned by FMR LLC and Abigail P. Johnson as reported in this filing?
According to Item 4(a) of the filing, FMR LLC and Abigail P. Johnson beneficially own 4,792,534 shares of Humana Inc. common stock.
What percentage of Humana Inc.'s common stock does FMR LLC and Abigail P. Johnson collectively own, as stated in this SC 13G/A?
Item 4(b) of the filing indicates that FMR LLC and Abigail P. Johnson collectively own 3.892% of Humana Inc.'s common stock.
Under which SEC rule is this Schedule 13G/A filed?
The filing states that it is filed pursuant to Rule 13d-1(b), as indicated by the checked box under 'Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [x] Rule 13d-1(b)'.
What is the business address of the issuer, Humana Inc.?
Item 1(b) of the filing lists Humana Inc.'s principal executive offices as 500 W Main St, Louisville, KY 40202 US.
What is the CUSIP number for Humana Inc. common stock mentioned in this filing?
Item 2(e) of the filing specifies the CUSIP number for Humana Inc. common stock as 444859102.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 9, 2024 by Abigail P. Johnson regarding HUMANA INC (HUM).