Top Insurance Stocks For 2023


On Aug 19, the stock of UnitedHealth Group Inc. (UNH Quick QuoteUNH ) hit a 52-week high, reaching $428.35 and finally closing a tad lower at $427.89, gaining 2.53%.

In the past year, shares of this currently Zacks Rank #3 (Hold) health insurance leader gained 36% in the past year compared with its industry’s growth of 31%.You can see the complete list of today’s Zacks #1 Rank (Strong Buy)stocks here.

 

Image Source: Zacks Investment Research

Investors have been optimistic about the health insurance sector ever since President Joe Biden took over the reins and supported the Affordable Care Act (ACA). A solid push from the government to make health insurance available to all bodes well for the industry and UnitedHealth being the leader of the pack is sure to gain traction from the same.

Key Catalysts

A Well-Diversified Business: Over the years, UnitedHealth has not just confined itself to a company selling health insurance plans via UnitedHealthcare but has also repositioned itself by vertically integrating across other areas of health care, such as pharmacy management, information and technology-enabled health services business, ambulatory care systems etc. These services are provided by the unit named Optum. Most of the same has been built by making small and big acquisitions over the past several years. No other insurer matches the scale of diversification like UnitedHealth. This is the main reason for its stellar historical results, underscored by an earnings beat for the last several quarters.

Top Insurance Stocks For 2023: BofI Holding Inc.(BOFI)


BofI Holding, Inc. operates as the holding company for BofI Federal Bank that provides various consumer and wholesale banking services primarily through the Internet in the United States. It accepts various deposit products, including demand deposit, savings, and certificates of deposit accounts. It also provides loan products, which consist of single family loans, home equity loans, multifamily loans, commercial real estate loans, recreational vehicle and automobile loans, and overdraft lines of credit In addition, the company offers online bill payment, interbank transfer, mobile banking, text message banking, ATM cards or VISA debit cards, and overdraft protection services. It serves approximately 36,000 retail deposit and loan customers across 50 states. BofI Holding, Inc. was incorporated in 1999 and is based in San Diego, California.


Advisors’ Opinion:

  • [By Stephan Byrd]

    BofI Holding, Inc. (NASDAQ:BOFI) – Analysts at DA Davidson boosted their Q1 2020 earnings per share (EPS) estimates for BofI in a research note issued on Monday, October 1st. DA Davidson analyst G. Tenner now forecasts that the financial services provider will post earnings of $0.82 per share for the quarter, up from their prior forecast of $0.76. DA Davidson also issued estimates for BofI’s Q2 2020 earnings at $0.85 EPS, Q3 2020 earnings at $1.24 EPS, Q4 2020 earnings at $0.83 EPS and FY2020 earnings at $3.73 EPS.

  • [By Stephan Byrd]

    Get a free copy of the Zacks research report on BofI (BOFI)

    For more information about research offerings from Zacks Investment Research, visit Zacks.com

  • [By Stephan Byrd]

    Get a free copy of the Zacks research report on BofI (BOFI)

    For more information about research offerings from Zacks Investment Research, visit Zacks.com

Top Insurance Stocks For 2023: Atlantic Capital Bancshares, Inc.(ACBI)

Atlantic Capital Bancshares, Inc., incorporated on October 2, 2006, is the bank holding company for Atlantic Capital Bank (the Bank). The Bank operates as a full service, locally-managed commercial bank. The Bank provides an array of credit, treasury management and deposit products and services to growth businesses, middle market corporations, commercial real estate developers and investors, and private clients. Its wealth management division offers financial planning, trust administration, investment management, brokerage and estate planning services. It also provides selected capital markets, mortgage banking, and electronic banking services to its corporate, business and individual clients. Its private banking credit products include loans to individuals for personal and investment purposes, such as secured installment and term loans, and home equity lines of credit. Its specialty corporate financial services include payments industry banking, financial institutions banking, capital markets services and specialty commercial lending.


Lending Activities

The Company offers commercial loans, residential loans, consumer loans and other loans. Its commercial loans consist of commercial and industrial loans, commercial real estate loans, construction and land loans, and mortgage warehouse loans. Its residential loans consist of residential mortgages loans and home equity. Its commercial real estate loan types include secured construction loans, secured mini-permanent loans and, less frequently, secured or unsecured lines of credit. A majority of its commercial real estate loan portfolio is secured by a first mortgage security interest in the property financed. Its specialty commercial loans consist of Small Business Administration (SBA) loans, franchise finance programs and commercial mortgage loans on single credit tenant properties. It offers these loans to small businesses, franchisees and real estate investors across a range of industries in the southeast and nationally. The Company’s total net loans are approximately $1.7 billion.


Investment Activities

The Company’s available-for-sale securities consists of the United States treasuries, the United States government agencies, the United States’ states and political divisions, trust preferred securities, corporate debt securities and residential mortgage-backed securities-agency. The Company’s available-for-sale securities are approximately $349.6 million.

Sources of Funds

The Company’s deposits consist of non-interest bearing demand deposits, interest bearing demand deposits, savings and money market deposits, time deposits and brokered deposits. The Company’s total deposits are approximately $2.1 billion. The Company has securities sold under repurchase agreements with commercial checking customers of approximately $11.9 million.


Advisors’ Opinion:

  • [By Motley Fool Transcribers]

    Atlantic Capital Bancshares, Inc.  (NASDAQ:ACBI)Q4 2018 Earnings Conference CallFeb. 01, 2019, 10:00 a.m. ET

    Contents:
    Prepared Remarks Questions and Answers Call Participants
    Prepared Remarks:

    Operator

  • [By Max Byerly]

    Shares of Atlantic Capital Bancshares Inc (NASDAQ:ACBI) have been given a consensus recommendation of “Hold” by the eight brokerages that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $18.50.

  • [By Ethan Ryder]

    Atlantic Capital (NASDAQ:ACBI) was upgraded by investment analysts at ValuEngine from a “sell” rating to a “hold” rating in a research note issued to investors on Monday.

Top Insurance Stocks For 2023: VIZIO Holding Corp.(VZIO)

VIZIO Holding Corp., through its subsidiaries, provides smart televisions, sound bars, and accessories in the United States. It also operates Platform+ that comprises SmartCast, a Smart TV operating system, enabling integrated home entertainment solution, and data intelligence and services products through Inscape. Its SmartCast delivers content and applications through an easy-to-use interface, as well as supports streaming apps and hosts its free ad-supported video app, WatchFree, and VIZIO Free Channels. In addition, the company provides support for third-party voice platforms. It sells its products to retailers and through online channels. The company was incorporated in 2002 and is headquartered in Irvine, California.

Advisors’ Opinion:

  • [By ]

    VIZIO Holding Corp. (NYSE:VZIO)’s stock price dropped 4.4% during trading on Wednesday following insider selling activity. The stock traded as low as $18.93 and last traded at $18.99. Approximately 17,819 shares were traded during mid-day trading, a decline of 98% from the average daily volume of 860,824 shares. The stock had previously closed at $19.86.

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