Humana (OM:HUM) Q3 Results Confront A Persistent Margin Squeeze

Humana just posted its Q3 2026 scorecard and the headline is simple. Profit swung back to a solid quarter with basic earnings per share of 2.59 SEK on revenue of 2,595 million SEK. The share price, sitting at SEK70.40 into the release with a 7‑day return effectively flat, reflected a market still unsure about the story. The real tension is psychological. Traders are reacting to a healthcare operator that now earns a trailing P/E of 18.8x while carrying a thin 1.8% net margin and a history of...