5 Best Insurance Stocks Under $70

1. Voya Financial, Inc. (NYSE:VOYA)

Number of Hedge Fund Holders: 36  

Share Price as of October 13: $62.38    

Voya Financial, Inc. (NYSE:VOYA) operates as a retirement, investment, and employee benefits company in the United States. It is one of the elite insurance stocks to invest in. On August 2, the company announced that Voya Investment Management, the asset management business of the firm, had agreed to acquire Czech Asset Management, a private credit asset manager. The terms of the deal were not disclosed. The deal is expected to close in the fourth quarter of 2022. 

On September 22, Raymond James analyst Wilma Burdis initiated coverage of Voya Financial, Inc. (NYSE:VOYA) with a Strong Buy rating and an $84 price target, noting that the company’s high quality Wealth Solutions and Investment Management businesses were poised for growth. 

Among the hedge funds being tracked by Insider Monkey, New York-based investment firm Pzena Investment Management is a leading shareholder in Voya Financial, Inc. (NYSE:VOYA), with 4.7 million shares worth more than $279.7 million.  

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