February 6, 2012 11:15 AM | 1 min read
MEMORIAL DAY FLASH SALE: 50% OFF BENZINGA PRO
As we honor our freedom, take a stand today. Secure the financial freedom that both you and your family deserve. Get exclusive market moving news for just 50% off. Claim your 50% discount here.
Deutsche Bank reiterates its Hold rating and $96 target price on Humana (NYSE: HUM) as the company reports 4Q11 results in line with Street estimates. Deutsche Bank notes, "HUM reported in line 4Q results with a better MLR offset by light revs and higher SG&A spending. Earnings in the Retail segment topped our forecast while Employer segment results missed. The 4Q11 results included a $0.13 per share contribution to the HUM Foundation which added 40 bps to SG&A. HUM booked a similar sized contribution in 4Q10 so it had no impact on y/y SG&A comps. Relative to our model, revs were $141.2m (2%) below our $9.197b est. The consolidated MLR at 81.8% was 110 bps lower than our 82.9% est (including $0.21 of PPRD), while SG&A was 80 bps higher than our 16.9% est at 17.7%."HUM closed at $90.28 a share on Friday.
MEMORIAL DAY FLASH SALE: 50% OFF BENZINGA PRO
As we honor our freedom, take a stand today. Secure the financial freedom that both you and your family deserve. Get exclusive market moving news for just 50% off. Claim your 50% discount here.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.