Humana (HUM) Reshapes Its Clinic Partnership, Does The Stock Look Fully Valued?

Humana (HUM) has just reshaped its primary care footprint by unveiling a joint venture with BlackRock’s HPS Investment Partners that will manage nearly 150 CenterWell Senior Primary Care clinics and acquire WCAS’s equity stake. Humana’s latest joint venture news comes after a big run in the shares, with a year-to-date share price return of 58.95% and a 1-year total shareholder return of 62.44%. This contrasts with a 3-year total shareholder return that is down 16.30%, suggesting that momentum...