Humana shares are trading higher after the CMS 2027 Medicare Advantage Part D Release awarded the company's largest contract a 4-star rating, making it eligible for bonus payments. The company reaffirmed its FY26 adjusted EPS guidance.

Humana Inc. (HUM) shares surged in premarket trading Friday after a rebound in Medicare Advantage star ratings strengthened the insurer's outlook for 2028 quality bonus payments, prompting Baird to upgrade the stock and Barclays to raise its price target.The ratings recovery has renewed optimism ab…