Humana sinks to two-year low on warning over hit to 2025 profit

Humana AB

25/01/2024 15:07

(Updates)
   ** Shares of health insurer Humana  HUM.N  fall 11.3% to
$357.05, its lowest in two years
   ** Humana says it no longer believes its previous target of
$37/share in adjusted profit is achievable for 2025, due to a
hit from high medical costs 
       ** Expects 2025 earnings between $22 and $26 per share,
compared to analysts' average expectation of $34.52 
  
   ** Sees adjusted profit of about $16 per share for 2024, much
lower than analysts' expectations of $29.10 per share, according
to LSEG data
   ** As of last close, HUM shares have fallen ~20% in the last
12 months

 (Reporting by Sriparna Roy and Christy Santhosh in Bengaluru)
 ((Sriparna.Roy@thomsonreuters.com;))