5 Best Healthcare Stocks For Recession

1. Humana Inc. (NYSE:HUM)

Number of Hedge Fund Holders: 76

Humana Inc. (NYSE:HUM) is one of the biggest health insurance companies in the US. In December, Humana Inc. (NYSE:HUM) was a awarded a potential contract worth a whopping $70.85 billion to provide managed care support to the Department of Defense, Defense Health Agency, TRICARE program in the East Region. Humana Inc. (NYSE:HUM) will help the Defense Health Agency in operating an integrated health care delivery system to provide health, medical and administrative support services to the members of the uniformed services, retirees and their eligible family members. In November, Humana Inc. (NYSE:HUM) shares made headlines after the company announced plans to buy back about $1 billion worth of its shares under accelerated share repurchase agreements with Goldman Sachs and Mizuho as part of a $3 billion stock repurchase program announced in February 2022.

At the end of the September quarter, 76 hedge funds of the 920 funds in Insider Monkey database reported having stakes in Humana Inc. (NYSE:HUM). The collective value of these stakes was $4.3 billion.

Renaissance Investment made the following comment about Humana Inc. (NYSE:HUM) in its Q3 2022 investor letter:

“In September, We added a new position in the Health Care sector with Humana Inc. (NYSE:HUM), one of the largest managed care providers in the U.S. with a focus on medical insurance for the Medicare Advantage market. We believe Humana is poised to see a reacceleration in Medicare Advantage membership growth after making large investments in its program benefits earlier this year. In addition, we like the demographic tailwinds for the entire Medicare Advantage market, as the next four years should provide the highest number of baby boomers yet qualifying for Medicare benefits.”

You can also take a peek at 12 Best Holding Company Stocks To Invest In and 12 Best Bid Data Stocks To Buy.