Top 5 Health Insurance Stocks to Buy

2. Teladoc Health, Inc. (NYSE: TDOC)

Number of Hedge Fund Holders: 42

Teladoc Health, Inc. (NYSE: TDOC) is a New York-based telehealth firm founded in 2002. It is ranked sixth on our list of top 10 health insurance stocks to buy. Some of the brands it owns include Teladoc, Livongo, Advance Medical, Best Doctors, BetterHelp, and HealthiestYou, among others. In addition to telehealth, the company markets chronic condition management, expert medical services, behavioral health solutions, as well as guidance and support, and platform and program services. 

In an interview with American news media earlier this month, Teladoc Health, Inc. (NYSE: TDOC) CEO Jason Gorevic said that virtual healthcare was not just an at-home phenomenon but was here to stay beyond the pandemic. 

In its Q4 2020 investor letter, Carillon Tower Advisers, an asset management firm, highlighted a few stocks and Teladoc Health, Inc. (NYSE: TDOC) was one of them. Here is what the fund said:

“Teladoc Health offers remote physician access to patients at home. After experiencing incredible levels of growth throughout the early stages of the pandemic as its unique value proposition rose to the forefront of the healthcare industry, the firm’s shares cooled off a bit as optimistic vaccine data slightly curtailed investor expectations for the firm’s future growth potential. We sold the stock.