5 Best Hurricane and Natural Disaster Stocks to Buy Now

4. CVS Health Corporation (NYSE:CVS)

Number of Hedge Fund Holders: 34  

CVS Health Corporation (NYSE:CVS) provides health services in the United States. It is one of the elite hurricane stocks to invest in. Hospitals witness increased inflows after natural disasters as people seek healthcare to recover from the physical injuries and trauma caused by the disasters. CVS Health Corporation (NYSE:CVS) recently partnered with American Wellness for its Virtual Primary Care Service. This deal was management’s response to Amazon’s acquisition of One Medical, as the battleground for Primary Care Services heats up in the virtual healthcare market. 

On September 07, Evercore ISI analyst Elizabeth Anderson kept an Outperform rating on CVS Health Corporation (NYSE:CVS) stock and raised the price target to $125 from $120, denoting that CVS Health Corporation (NYSE:CVS) has been looking for three types of assets – primary care, home health, and provider enablement – and the purchase of Signify checks off two of the boxes and is highly complementary to the third. 

Among the hedge funds being tracked by Insider Monkey, Connecticut-based investment firm AQR Capital Management is a leading shareholder in CVS Health Corporation (NYSE:CVS), with 3.4 million shares worth more than $312.7 million.

In its Q4 2021 investor letter, ClearBridge Investments, an asset management firm, highlighted a few stocks and CVS Health Corporation (NYSE:CVS) was one of them. Here is what the fund said:

“Improving health remains a key impact theme for the portfolio, and over the past year or so we have increased our exposure to the health care sector, through the addition of CVS Health Corporation (NYSE:CVS), which is well-positioned to help define the future of health care in terms of costs, quality and convenience.”