5 Cheap Insurance Stocks to Buy Now

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1. Equitable Holdings, Inc. (NYSE:EQH)

Number of Hedge Fund Holders: 38  

Share Price as of October 20: $28.14  

Equitable Holdings, Inc. (NYSE:EQH) operates as a diversified financial services company worldwide. It is one of the elite insurance stocks to invest in. On August 17, Equity Holdings revealed that it has acquired Penn Investment Advisors, a portfolio risk analysis and wealth management service provider, to expand its wealth management business. Equitable Advisors has 4,200 financial and administration assets worth $70.8 billion. 

On August 18, Barclays analyst Tracy Benguigui maintained an Overweight rating on Equitable Holdings (NYSE:EQH) stock and raised the price target to $36 from $32, highlighting the company’s institutional deal with Global Atlantic. 

At the end of the second quarter of 2022, 38 hedge funds in the database of Insider Monkey held stakes worth $1.3 billion in Equitable Holdings, Inc. (NYSE:EQH), compared to 44 the preceding quarter worth $1.6 billion.

You can also take a peek at 10 Best MLP Dividend Stocks to Buy and 10 Best Stocks to Buy According to Billionaire Dan Loeb.

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