HUM Humana · $400.00 Extended — don't chase; wait for a pullback过度拉升 — 勿追高；等待回撤 Terminal终端 ↗

Humana · Health Care

HUM

$400.00

Humana Inc. is an American for-profit health insurance company based in Louisville, Kentucky.哈门那公司是一家总部位于肯塔基州路易斯维尔的美国营利性健康保险公司。

Broken growth成长受损 Large cap大盘 $48B

Engine stance引擎立场2026-07-20

Extended — don't chase; wait for a pullback过度拉升 — 勿追高；等待回撤

Stretched/late — protect gains and don't start new positions; let the next low set up first.已拉伸／晚期——保护利润，不要新开仓；先等下一个低点构筑成形。

Open in Terminal打开终端 ↗ All coverage所有股票 Data through数据截至 2026-07-20 · regenerated nightly每日更新

Key Statistics关键统计

Price价格

$400.00

2.3% below 52-week high低于52周高点 2.3%

Market Cap市值

$48B

Normal volume正常成交量

P/E Ratio市盈率

40.6x

28.9x sector median

Beta贝塔

0.50

Moves about 0.5x the market波动幅度约为市场的 0.5 倍

RSI (14)RSI（14）

Elevated偏高

Next Earnings下次财报

2026-07-29 (10d)

Volatility Rank波动率分位

20th pctile

hist. vol. percentile历史波动率分位数

Short Interest空头兴趣

3.6% of float

Performance价格表现

Period周期	HUM	S&P 500	vs Index对比指数
1 Week近1周	+2.0%	-1.5%	Beat the index by 3.5 points跑赢指数 3.5 个百分点
1 Month近1月	+10.8%	+0.6%	Beat the index by 10.2 points跑赢指数 10.2 个百分点
3 Months近3月	+95.0%	+4.7%	Beat the index by 90.3 points跑赢指数 90.3 个百分点
6 Months近6月	+47.1%	+7.8%	Beat the index by 39.3 points跑赢指数 39.3 个百分点
Year to date年初至今	+52.0%	+9.1%	Beat the index by 42.9 points跑赢指数 42.9 个百分点
1 Year近1年	+81.1%	+19.4%	Beat the index by 61.7 points跑赢指数 61.7 个百分点

Technicals技术面

RSI (14)RSI（14） 62 Elevated偏高

vs 50-day相对50日均线 +15.1% vs 50-day avg

vs 200-day相对200日均线 +54.6% vs 200-day avg

Volatility rank波动率分位 20th percentile 分位

Engine reference levels — not advice引擎参考水平 — 非投资建议

Buy zone买入区间

$393.30

Don't chase above不追高于

$400.00

Stop止损

$358.30

Topping — protect gains见顶 — 保护利润

Earnings财务业绩

days until next report天后公布财报

2026-07-29

Estimates being raised — 7 analysts预期上调 — 7 位分析师

Earnings call transcripts — coming soon财报电话会议记录 — 即将上线

Valuation估值

Multiple指标	HUM	Sector median行业中位	Cheaper than相对便宜
P/E (trailing)市盈率（历史）	40.60x	28.92	26%
P/B市净率	2.73x	3.52	63%
P/S市销率	0.37x	3.02	94%
Earnings yield盈利收益率	2.46%	2.72	45%
FCF yield自由现金流收益率	0.78%	3.94	17%
Shareholder yield股东收益率	0.31%	1.89	21%
EV/EBITDA企业价值/EBITDA	16.58x	18.21	57%
P/FCF市值/自由现金流	128.64x	22.42	4%

Analyst price targets — coming soon分析师目标价 — 即将上线

Financials财务数据

Revenue营业收入

$77.2B

2020

$83.1B

2021

$92.9B

2022

$106.4B

2023

$117.8B

2024

$129.7B

2025

5yr CAGR5年复合增速: 10.9%

Earnings Per Share每股收益

$25.31

2020

$22.67

2021

$22.08

2022

$20.00

2023

$9.98

2024

$9.84

2025

5yr CAGR5年复合增速: -17.2%

Free Cash Flow自由现金流

$4.7B

2020

$946.0M

2021

$3.5B

2022

$3.0B

2023

$2.4B

2024

$375.0M

2025

Margins利润率

Operating margin营业利润率

2.1%

Net margin净利率

0.9%

FCF margin自由现金流利润率

0.7%

6.7%Return on Equity股本回报率

2.4%Return on Assets资产回报率

Leverage杠杆

Net debt / EBITDA净债务/EBITDA	2.40
Current ratio流动比率	2.00

Capital Allocation资本配置

Buybacks (TTM)回购（TTM）	$151.0M
Stock-based comp股权薪酬	$241.0M
Share count change (1y)股数变化（1年）	-0.0%

Piotroski皮奥特罗斯基 4/7 Altman Z阿尔特曼Z: safe (5.0) Clean稳健

Snapshot Gauges综合指标

Valuation vs Sector估值相对行业

Roughly fair vs sector相对行业估值合理

Cheaper than 51% of its sector on blended multiples综合估值倍数低于行业内 51% 的公司

Beta市场敏感度

0.50×

0.21×3×

Moves about 0.5× the market波动幅度约为市场的 0.5 倍

Financial Health财务健康

4/7

Altman阿尔特曼: safe

Weak financial health财务健康状况偏弱

Dividend分红

—

Does not pay a dividend不派发股息

Why Is It Moving为何波动

Sector / Theme行业/主题 Health Care (Equal-Weight) theme — #6 of 46 themes「医疗保健（等权）」主题 — 46 个主题中第 6 位

Macro宏观 Long-duration name into a restrictive, rising-real-rate regime → rate headwind.长久期标的进入偏紧、实际利率上行的环境→利率逆风。

Positioning持仓 Short interest changed -31.6%空头仓位变动 -31.6%

Technical技术面 HUM took relative-strength leadershipHUM 取得相对强弱领先

Options Positioning期权持仓

Market makers are net long gamma — price pinned near current level做市商净持有正伽玛，价格倾向于在当前水平附近震荡

Expected daily move预期日波动

±3.42%

Expected weekly move预期周波动

±7.65%

Call wall看涨密集区

$430

Put wall看跌密集区

$355

25d risk reversal25d风险逆转

0.5%

Flow资金流向

$16M premium traded; 0% 0DTE; 42 fresh positions; P/C 1.82; ~leans bearish/hedging (direction approx)成交权利金 $16M；0DTE占0%；42个新建仓；看跌看涨比 1.82；≈偏看跌/对冲（方向近似）

Skew: 偏斜：balanced

Ownership & Smart Money持仓与聪明钱

Insider activity内部人员活动: +$0.1M net (1 buyers, 0 sellers)+$0.1M 净值（1 买家，0 卖家）

Concentrated ownership集中持仓

Fund基金	Grade评级	Activity动作	% of portfolio组合占比	As of截至
Duquesne Family Office (Druckenmiller)	C	New position新建仓	0.7%	2026-03-31
Soros Fund Management	B	Adding加仓	0.2%	2026-03-31

Signal History信号历史

BOTTOMING → NEARING A HIGH筑底中 → 接近高点

TAKE PROFITS. Late in the daily cycle (day 87 of ~23-44) — odds favor a dip into the next cycle low from here even with the trend intact. Last cycle was left-translated (topped early) — a bearish structural tell止盈。处于日线周期晚期（约 23-44 天中的第 87 天）——即便趋势完好，从此处概率上仍倾向于回落至下一个周期低点。上一周期为左移结构（见顶偏早）——属于看空的结构性信号

TOP WATCH NEARING A HIGH

Jul 17, 2026

HUM took relative-strength leadershipHUM 取得相对强弱领先

Relative strength vs SPY crossed above the 90th percentile of the last 90 days — leadership tends to persist. $400.00.相对标普500的强弱上穿近90日的第90百分位 — 领先往往延续。$400.00。

Jul 14, 2026

HUM StochRSI turned up from oversoldHUM StochRSI自超卖区上行

StochRSI popped back above 20 — the earliest oscillator heads-up that downside momentum is easing. $406.77.StochRSI重回20上方 — 下行动量趋缓的最早预警。$406.77。

Jul 13, 2026

BOTTOMING → NEARING A HIGH筑底中 → 接近高点

TAKE PROFITS止盈

Jul 13, 2026

HUM RSI reached overboughtHUM RSI进入超买

RSI(14) crossed above 70 — stretched to the upside; context, not a timing trigger alone. $406.00.RSI(14)上穿70 — 上行过度；仅作背景，单独不构成择时。$406.00。

Jul 10, 2026

NEARING A HIGH → BOTTOMING接近高点 → 筑底中

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