Hedge Funds are Buying These 5 Stocks for the Rest of 2021

4. Independence Holding Company (NYSE:IHC) 

Number of Hedge Fund Holders in Q3: 40  

Number of Hedge Fund Holders in Q2: 7  

Independence Holding Company (NYSE:IHC) provides life and health insurance services. The stock has soared sharply since the announcement that Geneve Holdings, another insurance firm, would be purchasing the company in a deal worth over $300 million.

In July, Independence Holding Company (NYSE:IHC) had sold off Madison National Life Insurance to Horace Mann Educators for around $172 million. The deal is expected to be closed in the first quarter of 2022. 

At the end of the third quarter of 2021, 40 hedge funds in the database of Insider Monkey held stakes worth $317 million in Independence Holding Company (NYSE:IHC), up from 7 in the preceding quarter worth $39 million.