Top 5 Health Insurance Stocks to Buy

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In this article, we discuss the top 5 health insurance stocks to buy. If you want to read about some more health insurance stocks, go directly to Top 10 Health Insurance Stocks to Buy.

5. Centene Corporation (NYSE:CNC)

Number of Hedge Fund Holders: 58  

Centene Corporation (NYSE:CNC) operates as a multi-national healthcare enterprise that provides programs and services to under-insured and uninsured individuals in the United States. It is one of the best insurance stocks to invest in. On September 19, Texas Attorney General Ken Paxton announced a $165.6 million settlement with Centene and its units over alleged Medical Fraud. On July 25, Centene said that it will sell its European and Spanish Healthcare businesses as the company continues to review strategic alternatives for its international portfolio.

On October 3, Barclays analyst Steve Valiquette maintained an Overweight rating on Centene Corporation (NYSE:CNC) stock and lowered the price target to $100 from $107, highlighting that the company expected a better medical cost in Q3. 

Among the hedge funds being tracked by Insider Monkey, Connecticut-based investment firm Viking Global is a leading shareholder in Centene Corporation (NYSE:CNC), with $8.3 million shares worth more than $701.7 million. 

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