Top 5 Health Insurance Stocks to Buy

1. UnitedHealth Group Incorporated (NYSE:UNH)

Number of Hedge Fund Holders: 91

United Group Incorporated (NYSE:UNH) operates as a diversified health care company in the United States. It is one of the major insurance stocks to invest in. On October 12, the United Health Foundation, a humanitarian foundation of UnitedHealth Group, announced a 3 year partnership with Active Minds, a non-profit mental health organization. On October 3, UnitedHealth donated $1 million to support residents of Florida which were affected by Hurricane Ian.  

On October 17, RBC Capital analyst Ben Hendrix maintained an Outperform rating on UnitedHealth Group Incorporated (NYSE:UNH) stock and raised the price target to $592 from $588, noting that the company reported strong Q3 results.

At the end of the second quarter of 2022, 91 hedge funds in the database of Insider Monkey held stakes worth $10.9 billion in United Group Incorporated (NYSE:UNH), compared to 103 in the preceding quarter worth $12.8 billion. 

In its Q2 2022 investor letter, Carillon Tower Advisers, an asset management firm, highlighted a few stocks and United Group Incorporated (NYSE:UNH) was one of them. Here is what the fund said:

“UnitedHealth Group Incorporated (NYSE:UNH) reported solid quarterly results and raised 2022 guidance modestly. Additionally, managed care is another industry that is viewed as defensive in the current environment, which helped support UnitedHealth and its peer group.”

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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