5 Best Insurance Stocks Under $70

In this article, we discuss 5 best insurance stocks under $70. If you want to read about some more insurance stocks, go directly to 10 Best Insurance Stocks Under $70.

5. Fidelity National Information Services, Inc. (NYSE:FIS)

Number of Hedge Fund Holders: 67   

Share Price as of October 13: $38.87 

Fidelity National Information Services, Inc. (NYSE:FIS) provides technology solutions for merchants, banks, and capital markets worldwide. It is one of the best insurance stocks to invest in. On August 4, Fidelity National Information Services, Inc. (NYSE:FIS) posted earnings for the second quarter of 2022, reporting earnings per share of $1.90, beating estimates by $0.29. The revenue over the period was $2.63 billion. 

On September 23, Deutsche Bank analyst Bryan Keane maintained a Hold rating on Fidelity National Information Services, Inc. (NYSE:FIS) stock and lowered the price target to $90 from $116. 

At the end of the second quarter of 2022, 67 hedge funds in the database of Insider Monkey held stakes worth $3.3 billion in Fidelity National Information Services, Inc. (NYSE:FIS), compared to 68 in the preceding quarter worth $3.95 billion. 

In its Q1 2022 investor letter, Weitz Investment Management, an asset management firm, highlighted a few stocks and Fidelity National Information Services, Inc. (NYSE:FIS) was one of them. Here is what the fund said:

“Other fiscal-year detractors included Fidelity National Information Services (NYSE:FIS). FIS has been our most disappointing investment in the Covid era. Unlike Meta, the stock trades well below our average cost. The business itself has been relatively durable, but the stock certainly has not. While the core elements of our bullish thesis remain firmly intact, hindsight tells us that we could have waited for a better entry point. From today’s stock price, which is what matters now, we think the risk/reward balance is favorable.”