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Diamond Hill Large Cap Strategy adds Humana as Medicare rates improve
The fund highlighted Humana’s second-largest position in US Medicare Advantage, pointing to stronger results in 1Q26 and better-than-expected Medicare rate increases announced in early April.
Diamond Hill Capital, part of First Eagle Investment Management, said its Q2 2026 investor letter for its Large Cap Strategy included Humana Inc. as a newly added position, according to Yahoo Finance.
The letter described Humana as the second-largest Medicare Advantage insurer in the US and said shares outperformed in Q2 2026 after the company delivered strong 1Q 2026 results.
Diamond Hill attributed the improvement in part to Medicare rate increases that were better than expected when they were announced in early April, which it said should help close the gap between pricing and cost trends for the industry.
The report also noted Humana’s close at $363.86 per share on July 31, 2026, with the stock down 7.4% over the prior month and up 47.1% over the past 52 weeks, and it cited Humana’s market capitalization at $43.69 billion.