5 Best Insurance Stocks to Buy Now

2. Anthem Inc (NYSE: ANTM)

Indiana-based Anthem is one of the largest for-profit managed health insurance company in the U.S. Anthem also ranks 29th on the Fortune 500 list. In the third quarter, Anthem’s revenue increased by 15% to reach $30.65 billion, above the consensus estimate of $29.88 billion.

Boykin Curry’s Eagle Capital Management owns about 2.58 million Anthem shares as of the end of the third quarter, worth 694.01 million. Overall, 65 hedge funds tracked by Insider Monkey held stakes in the company entering the fourth quarter. Anthem is among the cheapest health insurance companies and it may be an acquisition target.