FMR LLC & Abigail Johnson Trim Humana Stake to 3.892%

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

From the Filing

0000315066-24-001194.txt : 20240209 0000315066-24-001194.hdr.sgml : 20240209 20240209091605 ACCESSION NUMBER: 0000315066-24-001194 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240209 DATE AS OF CHANGE: 20240209 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: HUMANA INC CENTRAL INDEX KEY: 0000049071 STANDARD INDUSTRIAL CLASSIFICATION: HOSPITAL & MEDICAL SERVICE PLANS [6324] ORGANIZATION NAME: 02 Finance IRS NUMBER: 610647538 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-03334 FILM NUMBER: 24611749 BUSINESS ADDRESS: STREET 1: 500 W MAIN ST CITY: LOUISVILLE STATE: KY ZIP: 40202 BUSINESS PHONE: 5025801000 MAIL ADDRESS: STREET 1: 500 W. MAIN ST CITY: LOUISVILLE STATE: KY ZIP: 40202 FORMER COMPANY: FORMER CONFORMED NAME: EXTENDICARE INC DATE OF NAME CHANGE: 19740404 FORMER COMPANY: FORMER CONFORMED NAME: HERITAGE HOUSE OF AMERICA INC DATE OF NAME CHANGE: 19671129 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: FMR LLC CENTRAL INDEX KEY: 0000315066 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] ORGANIZATION NAME: IRS NUMBER: 043532603 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 BUSINESS PHONE: 6175706339 MAIL ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 FORMER COMPANY: FORMER CONFORMED NAME: FMR CORP DATE OF NAME CHANGE: 19920717 SC 13G/A 1 filing.txt SCHEDULE 13G Amendment No.3 HUMANA INC COMMON STOCK Cusip #444859102 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [x] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) Cusip #444859102 Item 1: Reporting Person - FMR LLC Item 2: (a) [ ] (b) [ ] Item 4: Delaware Item 5: 4,132,904 Item 6: 0 Item 7: 4,792,534 Item 8: 0 Item 9: 4,792,534 Item 11: 3.892% Item 12: HC Cusip #444859102 Item 1: Reporting Person - Abigail P. Johnson Item 2: (a) [ ] (b) [ ] Item 4: United States of America Item 5: 0 Item 6: 0 Item 7: 4,792,534 Item 8: 0 Item 9: 4,792,534 Item 11: 3.892% Item 12: IN Item 1(a). Name of Issuer: HUMANA INC Item 1(b). Address of Issuer's Principal Executive Offices: 500 W Main St Louisville, KY 40202 US Item 2(a). Name of Person Filing: FMR LLC Item 2(b). Address or Principal Business Office or, if None, Residence: 245 Summer Street, Boston, Massachusetts 02210 Item 2(c). Citizenship: Not applicable Item 2(d). Title of Class of Securities: COMMON STOCK Item 2(e). CUSIP Number: 444859102 Item 3. This statement is filed pursuant to Rule 13d-1(b) or 13d-2(b) or (c) and the person filing, FMR LLC, is a parent holding company in accordance with Section 240.13d-1(b)(1)(ii)(G). (Note: See Exhibit A). Item 4. Ownership (a) Amount Beneficially Owned: 4,792,534 (b) Percent of Class: 3.892% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: Please see the responses to Items 5 and 6 on the cover page (ii) shared power to vote or to direct the vote: 0 (iii) sole power to dispose or to direct the disposition of: 4,792,534 (iv) shared power to dispose or to direct the disposition of: 0 Item 5. Ownership of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof, the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following (X). Item 6. Ownership of More than Five Percent on Behalf of Another Person. One or more other persons are known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the COMMON STOCK of HUMANA INC. No one other person's interest in the COMMON STOCK of HUMANA INC is more than five percent of the total outstanding COMMON STOCK. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on