BCV Bulletin - Recent Trading Activity - November 12, 2024
SELL: Bank of America (NYSE: BAC)
Bank of America is one of the largest financial institutions in the world, offering services in banking, wealth management, and investment solutions to millions of customers. It has been a strong investment for BCV clients due to its solid financial position, diversified business model, and focus on innovation and efficiency. The bank's consistent growth in revenue and market share has made it a reliable performer and producing a solid total return for clients. However, as the stock reached its full valuation in our opinion, we viewed its future upside as limited and felt it a prudent time to sell and redirect funds to higher-growth opportunities.
BUY: Humana Inc. (NYSE: HUM)
BCV has added Humana Inc. to our United States equity model. Humana is a highly rated operator in the health insurance industry, making it an attractive investment opportunity in the Health Care sector. We believe that the company's assets are currently being undervalued in the market, providing an opportunity to add a high-quality business to our healthcare holdings. Humana has a strong track record of profitable growth and consistent dividend increases. Notably, it has the highest exposure to the Medicare Advantage business line, which is expected to grow at double-digit rates in the coming years.
This BCV Bulletin is intended for residents of the provinces and territories in which we are registered, is not meant to be a solicitation to any persons not resident in those jurisdictions and does not constitute an offer to buy or sell our products or services. Any opinions expressed are just that and are subject to change. Information is provided on a best-effort basis and its accuracy cannot be guaranteed. Information may also be provided from third party sources which are believed to be reliable, but we do not guarantee its accuracy or completeness. Certain statements may contain forward-looking statements, which involve known and unknown risk, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. This BCV Bulletin has been prepared for general informational purposes only, is not intended as investment and/or financial advice on any subject matter and the securities mentioned should not be construed as a recommendation for any specific securities. ©BCV Asset Management Inc. 2024.
