Humana Reports a Solid Quarter as Exiting the Underperforming Individual Market Pays Off
Humana reported a solid quarter as its exit from the individual market and restructuring efforts drove positive momentum for the managed care firm, but we continue to view the stock as overvalued as growth expectations look too high. Nevertheless, on the positive side, premium and total operating revenue increased for the quarter and were accompanied by a significant improvement in profitability. The firm’s non-Medicare individual membership decreased 80% to 129,000 members, which allowed operat...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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