The Stars rating beat is a positive operational signal for 2028 earnings power, but the one-time nature of the benefit and lack of a quantified dollar figure means the magnitude is unknown. The December 10 investor update will provide a mark-to-update on the 2028 earnings framework.
Price Chart
Executive Summary
Humana disclosed that its 2027 Medicare Advantage Star Ratings (Bonus Year 2028) exceeded its Top Quartile goal, defined as Stars revenue PMPM 10% above the peer group median. The company affirmed its FY 2026 adjusted EPS guidance of at least $9.00. The Stars outperformance is expected to provide a one-time benefit in 2028 for investments and shareholder returns, but the company cautioned that some of the outperformance is one-time in nature.
Key Facts
- 2027 Medicare Advantage Star Ratings (BY 2028) exceeded Top Quartile goal (Stars revenue PMPM 10% above peer median).
- FY 2026 adjusted EPS guidance affirmed at at least $9.00.
- Company expects a one-time benefit in 2028 from Stars outperformance, to be used for one-time investments and return to shareholders.
- Virtual investor update scheduled for December 10, 2026.
- Peer group for Stars comparison includes Centene, CVS, Elevance, HCSC, and United.
Financial Impact
Stars revenue PMPM outperformance vs. peer median; one-time benefit for 2028 not yet quantified. FY 2026 adjusted EPS guidance at least $9.00 per share.
Risk Factors
- One-time Stars benefit may not recur in future years.
- Actual 2028 Stars revenue PMPM will depend on future membership and contract mix, risk scores, benchmarks, and rebates.
- GAAP EPS guidance subject to change due to ongoing value creation and other strategic initiatives.
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000049071-26-000057 |
| Document: 0000049071-26-000057-index-headers.html | 0000049071-26-000057 |
| Document: 0000049071-26-000057-index.html | 0000049071-26-000057 |
| Document: 0000049071-26-000057.txt | 0000049071-26-000057 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 6d ago | Institutional Cluster | $420.97 $422.07 | ▲ +0.26% | ▲ +0.78% | $414.85 (−1.45%) |
Oct 13, 2026 14d ago | 8-K | $420.38 $427.40 | ▲ +1.67% | ▲ +2.75% | $414.85 (−1.32%) |
Oct 9, 2026 18d ago | 8-K | $431.87 $433.50 | ▲ +0.38% | ▲ +0.44% | $414.85 (−3.94%) |
Sep 22, 2026 5w ago | Court Ruling | $374.78 $380.32 | ▲ +1.48% | ▲ +1.56% | $414.85 (+10.69%) |
Sep 1, 2026 8w ago | 8-K | $394.45 $400.83 | ▲ +1.62% | ▲ +1.17% | $414.85 (+5.17%) |
Aug 17, 2026 10w ago | Institutional Cluster | $382.00 $378.02 | ▼ −1.04% | ▼ −1.25% | $414.85 (+8.60%) |
Aug 13, 2026 10w ago | Court Ruling | $389.05 $384.31 | ▼ −1.22% | ▼ −0.75% | $414.85 (+6.63%) |
Jul 29, 2026 12w ago | 8-K | $365.41 $366.66 | ▲ +0.34% | ▼ −1.33% | $414.85 (+13.53%) |
Jun 1, 2026 21w ago | 8-K | $328.31 $320.57 | ▼ −2.36% | ▼ −2.50% | $414.85 (+26.36%) |
Apr 10, 2026 28w ago | 8-K | $197.53 $195.77 | ▼ −0.89% | ▼ −2.10% | $414.85 (+110.02%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers