4 Stocks To Buy Despite Year-to-Date Fall In Health Insurance
Zacks Investment Research | May 30, 2019 08:19AM ET
In spite of strong fundamentals, the health insurance industry has underperformed so far this year due to regulatory noise.
The Zacks .
Magellan Health, Inc. (NASDAQ:MGLN) carries a Zacks Rank #1 and has witnessed an upward revision in 2019 earnings estimates by 0.3% over the past 30 days. The company’s 2019 earnings are expected to grow by 60% compared with the industry’s growth of 16.7%. The stock has gained 19% year to date.
Molina Healthcare, Inc. (NYSE:MOH) sports a Zacks Rank #1 and has witnessed an upward revision in 2019 earnings estimates by 9.8% over the past 30 days. The stock has gained 14% year to date.
The Joint Corp. (NASDAQ:JYNT) carries a Zacks Rank #1 and has witnessed an upward revision in 2019 earnings estimates by 9.5% over the past 30 days. The company’s 2019 earnings are expected to grow by 135% compared with the industry’s growth of 20%. The stock has gained 98% year to date.
WellCare Health Plans, Inc. (NYSE:WCG) carries a Zacks Rank #2. It has witnessed an upward revision in 2019 earnings estimates by 2.7% over the past 30 days. The company’s 2019 earnings are expected to grow by 27% compared with the industry’s growth of 17%. The stock has gained 17% year to date.
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