Humana Inc

HUM: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$812.00	Tlmvyb	Gyvtlxvq

Humana Earnings: Strong Medicare Growth and Manageable Medical Utilization Keep Outlook Intact

Julie Utterback

Aug 2, 2023

Narrow-moat Humana turned in strong second-quarter results, and despite growing challenges such as increasing medical utilization in its core Medicare market, the company maintained its near- and longer-term outlook. Given that stability, our $550 fair value estimate does not look likely to change materially at first glance.

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