[ad_1]
This article discusses the top 10 health insurance stocks to buy. If you would like to read about other health insurance stocks, please visit us directly. Top 5 health insurance stocks to buy.
The health insurance industry has evolved rapidly over the past few years as insurer participation, pricing and advanced planning drive innovation within the industry.according to report According to consulting firm McKinsey, 55 new insurers will enter the market in 2022. This represents a 21% increase over the past year, marking the largest growth in participation in the industry since 2015, when participation increased by around 26%. The product offering has also increased over the past four years, with half of that growth occurring between He 2021 and He 2022, nearly tripling.
Technology-enabled insurance plans are contributing the most to these growth rates, according to data collected by consulting firms led by companies such as Oscar and Bright Health. Other prominent names in the insurance sector with growth catalysts include Humana Inc. (NYSE:ham), Cigna Corporation (NYSE:CIs), and MetLife (NYSE:MET). Another interesting trend in this area is the participation in plans of proprietary provider organizations. These quadrupled as a share of services across all plan types to 36%.
Total healthcare spending is expected to continue its upward trend worldwide over the next five years. This growth is closely correlated with industry revenue for the health insurance industry. However, McKinsey warns that macro uncertainty will continue as the enhanced premium subsidy created by the U.S. Relief Plans Act expires at the end of his 2022. If these subsidies are not renewed, pricing and consumer participation will continue in the coming months.
our methodology
Companies operating in the health insurance sector were selected for the list. We also discuss the stock’s business fundamentals and analysts’ evaluations to put readers in context of their investment choices. Using data from nearly 900 elite hedge funds tracked by Insider Monkey in the second quarter of 2022, we identified the number of hedge funds holding stock in each company.
Iakov Filimonov/Shutterstock.com
Top health insurance stocks to buy
10. Manulife Financial Corporation (NYSE:MFC)
Number of hedge fund holders: 15
Manulife Financial Corporation (NYSE:MFC) provides financial products and services internationally. One of the best insurance stocks to invest in. On October 12, Barclays analyst John Aiken maintained his overweight rating on Manulife Financial (NYSE:MFC) shares, cutting the price from C$30 to C$29. A loss could dampen earnings growth in the fourth quarter.
At the end of the second quarter of 2022, 15 hedge funds in Insider Monkey’s database held shares worth $155 million in Manulife Financial Corporation (NYSE:MFC).
Along with Humana Inc. (NYSE:HUM), Cigna Corporation (NYSE:CI) and MetLife Inc. (NYSE:MET), Manulife Financial Corporation (NYSE:MFC) is one of the best insurance stocks to buy depending on the hedge. is one of funds.
In the second quarter 2022 investor letter, harding loemberWealth management firm highlights several stocks, including Manulife Financial Corporation (NYSE:MFC). here The fund said:
“Manulife Financial Corporation (NYSE:MFC) is a Canadian life insurance company with operations primarily in North America and Asia. Manulife provides complete life insurance products, as well as retirement and wealth management services. Wealth management and retirement products appeal to the aging population of the western world, while long-term life insurance products cater to the needs of growing middle-class families in places like China and Southeast Asia. Stocks have heavily discounted long-term value estimates due to the COVID-19 lockdown in the United States. .”
9. Clover Health Investments (NASDAQ:Crof)
Hedge fund holders: 11
Clover Health Investments, Corp. (NASDAQ:CLOV) operates in the United States as a Medicare Advantage insurance company. Clover Health Investments announced July 14 that it will offer Medicare Advantage plans in 13 new counties in South Carolina, Tennessee and Georgia. Eligible people can sign up for Clover’s plan from Oct. 15 through Dec. 7 during Medicare Advantage’s annual enrollment period, the company said.
Citi analyst Jason Cassorla on Aug. 9 maintained his neutral rating on Clover Health Investments, Corp. (NASDAQ:CLOV) stock and raised his price target from $3 to $3.50, boosting the company’s earnings for the second quarter. emphasized the growth of
Among the hedge funds tracked by Insider Monkey is the New York-based investment firm Two Sigma Advisors It is the largest shareholder of Clover Health Investments, Corp. (NASDAQ:CLOV), with 2.88 million shares valued at over $6.2 million.
8. American Equity Investment Life Holding Company (New York Stock Exchange:AEL)
Number of hedge fund holders: 14
American Equity Investment Life Holding Company (NYSE:AEL) offers insurance products in the United States. It is one of the leading insurance stocks to invest in. On January 7, Brookfield Asset Management Reinsurance announced that it had purchased an additional 6,755,000 shares of common stock in its American Equity Investment Life Holding Company. %.
On October 7, Piper Sandler analyst John Vernage maintained his overweight rating on American Equity Investment Life Holding Company (NYSE:AEL) stock and raised his price target to $47 from $46.
At the end of the second quarter of 2022, 14 hedge funds in Insider Monkey’s database held shares in American Equity Investment Life Holding Company (NYSE:AEL) worth $103 million.
In the second quarter 2022 investor letter, First Pacific AdvisorsAsset management firm has highlighted several stocks, one of which is American Equity Investment Life Holding Company (NYSE:AEL). here The fund said:
“American Equity Investment Life Holding Company (NYSE:AEL), a leading writer in fixed index annuities, continues its transition to the American Equity Investments (AEL) 2.0 business model. A key goal of the plan is to diversify the company’s assets across a wide range of investments, including private debt, through strategic partnerships and increase the use of reinsurance to free up capital. I think this is an interesting but somewhat aggressive plan. So far, the results have been impressive, but he continues to monitor the credit quality of their assets towards achieving his goal of investing his 40% of his portfolio in private assets, up from 15.4%. increase. ”
7. Teladoc Health (NYSE:TDOC)
Number of hedge fund holders: 32
Teladoc Health, Inc. (NYSE:TDOC) provides virtual health services in the United States and internationally. He is one of the elite insurance stocks to invest in. Teladoc Health announced Sept. 26 that it is offering free 24/7 general health telemedicine to Florida residents. Individuals in Florida who cannot access medical care due to Hurricane Ian can now seek treatment from a licensed medical professional for non-emergency illnesses by calling Teladoc directly.
On October 11, Barclays analyst Steve Barrickett maintained his equal-weighted rating on Teladoc Health (NYSE:TDOC) shares, lowered its price target to $33 from $40, and said the company’s third-quarter earnings outlook is at Emphasis on being positive.
At the end of the second quarter of 2022, 32 hedge funds in Insider Monkey’s database held shares of Teladoc Health, Inc. (NYSE:TDOC) worth $1.2 billion.
In its first quarter 2022 investor letter, wealth manager RiverPark Funds highlighted several stocks, including Teladoc Health, Inc. (NYSE:TDOC). here The fund said:
“Teladoc Health, Inc. (NYSE:TDOC) is the largest provider of telemedicine in the United States and has recently begun to expand internationally. mental health issues, and chronic illness management) can be moved from an onsite visit to something that can be done remotely with full video-based interaction.TDOC offers a monthly subscription. It provides a platform for its services on both a business-to-business and direct-to-consumer basis through interaction-based relationships.For its core B2B clients, the company is a large employer (the company is now more than 50% of the Fortune 500). ), health insurers, healthcare systems, medical insurers, etc. It currently covers more than 50 million members. , offers a win-win-win relationship because patients have no time to travel and less waiting time.Physicians see more patients in less time, more efficiently, payers (employers) (Lord and plan sponsors) will save money while being able to: Offer extra benefits that are very popular with employees This B2B market is worth $100 billion With more than 500 market opportunities projected, TDOC is the clear global market leader, providing direct-to-consumer clients with affordable access to on-demand and scheduled medical services for individuals. As such, we offer a growing set of services, but our current policy does not offer reimbursement (e.g. extended mental health counseling) ( …read more)
6. Molina Healthcare, Inc. (NYSE:Moe)
Hedge fund holders: 34
Molina Healthcare, Inc. (NYSE:MOH) It provides managed health care services to low-income families and individuals under its Medicaid and Medicare programs and through state insurance markets. One of the prominent insurance companies to invest in. On Sept. 26, Molina Healthcare, UnitedHealth Group and Centene Corporation were selected by the Nebraska Department of Health and Human Services to manage the state’s Medicaid program known as Heritage Health. This is his five-year contract, which also includes two one-year renewal options for him.
On October 3, JP Morgan analyst Calvin Sternick began covering Molina Healthcare (NYSE:MOH) stock with an overweight rating and a price target of $360. margin profile.
As of the end of the second quarter of 2022, 34 hedge funds in Insider Monkey’s database held $1.4 billion worth of stock in Molina Healthcare, Inc. (NYSE:MOH), compared with 36 in the previous quarter. was worth $1.7 billion.
Along with Humana Inc. (NYSE:HUM), Cigna Corporation (NYSE:CI) and MetLife Inc. (NYSE:MET), Molina Healthcare Inc. (NYSE:MOH) is one of the best insurance stocks to buy. . According to hedge funds.
Click to read more and see the top 5 health insurance brands to buy.
Recommended articles:
disclosure. none. Top 10 health insurance stocks to buy was first published on Insider Monkey.
[ad_2]
Source link