5 Best Buy-the-Dip Stocks To Buy Right Now

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1. Humana Inc. (NYSE:HUM)

Number of Hedge Fund Holders: 86

Industry: Insurance

Humana Inc. (NYSE:HUM) provides medical and specialty insurance products in the United States. The company operates through two segments – Insurance and CenterWell. Humana Inc. (NYSE:HUM) is one of the best 52-week low stocks to buy. On February 15, the company declared a quarterly dividend of $0.885 per share, in line with previous. The dividend is payable on April 26, to shareholders of record on March 29. 

According to Insider Monkey’s fourth quarter database, 86 hedge funds were bullish on Humana Inc. (NYSE:HUM), compared to 81 funds in the last quarter. Ken Griffin’s Citadel Investment Group is the biggest stakeholder of the company, with 1.5 million shares worth over $688 million. 

Diamond Hill Select Strategy made the following comment about Humana Inc. (NYSE:HUM) in its Q3 2023 investor letter:

“Among our top individual contributors in Q3 were new holding Humana Inc. (NYSE:HUM) and American International Group (AIG). Leading health care benefit plans-provider Humana caters heavily to the senior citizen population, many of whom are enrolled in Medicare Advantage plans through Humana. During the quarter, shares were pressured as several large managed care companies said the senior population is utilizing medical care at a higher-than-expected rate, negatively impacting the medical loss ratio of health plans. Compared to fee-for-service, traditional Medicare plans, Medicare Advantage plans offer relative value and should lead to sustainable growth for Humana over time — so we capitalized on the compelling valuation to initiate a position in the quarter.”

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