Humana(US:HUM) Benzinga·2026-01-02 18:01Core Insights - Whales have adopted a bearish stance on Humana, with 34% of investors opening trades with bearish expectations compared to 23% with bullish expectations [1] - The price target for Humana has been identified in the range of $170.0 to $360.0 over the last three months based on options activity [2] - Recent options activity indicates significant interest in both puts and calls, with a total of 16 puts valued at $1,455,459 and 10 calls valued at $426,208 [1] Options Activity - The largest observed options trades for Humana include multiple put trades with varying sentiments, indicating both bullish and bearish expectations [6] - The volume and open interest trends for Humana's options provide insights into liquidity and investor interest at specific strike prices [3] Company Overview - Humana is one of the largest private health insurers in the US, focusing on government-sponsored programs such as Medicare and Medicaid, and also offers various healthcare services [7] - Analysts have set an average price target of $287.5 for Humana, with one analyst upgrading their rating to Buy and adjusting the target to $313 [9][11]