Do You Believe in Humana Inc. (HUM)’s Long-Term Strength?

Artisan Partners, an investment management company, released its “Artisan Value Fund” third quarter 2024 investor letter.  A copy of the letter can be downloaded here. US stocks recovered from brief periods of volatility to hit fresh all-time highs in Q3 due to incoming economic data supporting a soft landing, US inflation continuing to slow, and positive underlying profit growth. Against this backdrop, the portfolio generated a solid absolute return but trailed the Russell 1000® Value Index. Due to the absence of real estate and utility holdings, the switch to bond proxies was a...