Humana Inc (HUM): Are Hedge Funds Right About This Stock?

As aggregate interest increased, key money managers were breaking ground themselves. OZ Management, managed by Daniel S. Och, initiated the biggest position in Humana Inc (NYSE:HUM). OZ Management had $258 million invested in the company at the end of the quarter. James Dinan’s York Capital Management also made a $114.2 million investment in the stock during the quarter. The other funds with new positions in the stock are Michael A. Price and Amos Meron’s Empyrean Capital Partners, Richard Barrera’s Roystone Capital Partners, and Eric Mindich’s Eton Park Capital.

Let’s check out hedge fund activity in other stocks similar to Humana Inc (NYSE:HUM). These stocks are Canadian Imperial Bank of Commerce (USA) (NYSE:CM), PG&E Corporation (NYSE:PCG), Nokia Corporation (ADR) (NYSE:NOK), and Kellogg Company (NYSE:K). This group of stocks’ market caps match HUM’s market cap.

As you can see these stocks had an average of 20 hedge funds with bullish positions and the average amount invested in these stocks was $535 million, considerably lower than the $5.89 billion in HUM’s case. Nokia Corporation (ADR) (NYSE:NOK) is the most popular stock in this table, while Canadian Imperial Bank of Commerce (USA) (NYSE:CM) is the least popular one with only 14 bullish hedge fund positions. Compared to these stocks Humana Inc (NYSE:HUM) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.