Humana

Humana Stock Price Targets Adjusted by Analysts Amid Company’s ‘Challenging Time’

Louisville, Kentucky – Humana, a leading health insurance provider, faces a challenging time ahead as analysts adjust their stock price targets following the company’s first-quarter earnings report. Despite reporting earnings of $7.23 per share, which surpassed expectations, the company withdrew its profit forecast for 2025 due to disappointing government Medicare reimbursement rates. Humana’s revenue for the first quarter totaled $29.61 billion, exceeding Wall Street’s expectations. However, the company’s decision to pull its 2025 profit forecast …

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Humana Shares Tumble as Medicare Advantage Costs Exceed Expectations

Louisville, Kentucky – Humana Inc. faced a significant drop in its shares after announcing that it was grappling with higher care costs from its Medicare Advantage customers. The health insurer saw its shares plummet by 13% before the market opened, causing a ripple effect on other insurers as well. The unexpected surge in care costs was attributed to the fact that Medicare Advantage patients used more inpatient care than anticipated in November and December. Additionally, …

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Humana Faces Rough Start to 2024 Following Surprise Fourth Quarter Loss and Surge in Medicare Advantage Business Utilization

LOUISVILLE, Kentucky – Humana, a leading insurance company, is facing significant challenges as it entered 2024, with its stock trading near a four-year low. The company recently reported a surprise loss in the fourth quarter and cited higher usage in its Medicare Advantage business as the cause. This surge in older patients seeking care last year led to an imbalance between premiums and the cost of care for Humana. CEO Bruce Broussard acknowledged the complexity …

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Humana Reports Steep Losses: What’s Next for the Health Insurance Industry?

Humana, based in Louisville, Kentucky, has reported significant financial losses in the third quarter, raising concerns about its outlook for the coming year. The health insurer revealed its struggles with higher-than-expected medical costs and lower-than-anticipated enrollment in its Medicare Advantage plans. These setbacks have prompted Humana to revise its projections and signal potential challenges ahead. The company’s third-quarter earnings call highlighted a net loss of $941 million, a stark contrast from the $689 million profit …

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