Sectors & IndustriesHealthcareHealthcare Plans

Best Healthcare Plan Stocks to Buy Now (2023)

Top healthcare plan stocks in 2023 ranked by overall Zen Score. See the best healthcare plan stocks to buy now, according to analyst forecasts for the healthcare plans industry.

According to Zen Score, the 3 best healthcare plan stocks to buy right now are:

Centene (NYSE:CNC) is the top healthcare plan stock with a Zen Score of 58, which is 20 points higher than the healthcare plan industry average of 38. It passed 19 out of 33 due diligence checks and has strong fundamentals. Centene has seen its stock lose -14.09% over the past year, underperforming other healthcare plan stocks by -8 percentage points.

Centene has an average 1 year price target of $80.46, an upside of 10.27% from Centene's current stock price of $72.96.

Centene stock has a consensus Buy recommendation according to Wall Street analysts. Of the 11 analysts covering Centene, 36.36% have issued a Strong Buy rating, 9.09% have issued a Buy, 54.55% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Cigna Group (NYSE:CI) is the second best healthcare plan stock with a Zen Score of 55, which is 17 points higher than the healthcare plan industry average of 38. It passed 20 out of 38 due diligence checks and has strong fundamentals. Cigna Group has seen its stock lose -10.46% over the past year, underperforming other healthcare plan stocks by -4 percentage points.

Cigna Group has an average 1 year price target of $343.38, an upside of 20.03% from Cigna Group's current stock price of $286.08.

Cigna Group stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 8 analysts covering Cigna Group, 75% have issued a Strong Buy rating, 0% have issued a Buy, 25% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Cvs Health (NYSE:CVS) is the third best healthcare plan stock with a Zen Score of 54, which is 16 points higher than the healthcare plan industry average of 38. It passed 19 out of 38 due diligence checks and has strong fundamentals. Cvs Health has seen its stock lose -30.96% over the past year, underperforming other healthcare plan stocks by -24 percentage points.

Cvs Health has an average 1 year price target of $89.18, an upside of 28.65% from Cvs Health's current stock price of $69.32.

Cvs Health stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 11 analysts covering Cvs Health, 63.64% have issued a Strong Buy rating, 36.36% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Out of 5 healthcare plan stocks that have issued dividends in the past year, the 3 healthcare plan stocks with the highest dividend yields are:

Cvs Health (NYSE:CVS) has an annual dividend yield of 3.49%, which is 2 percentage points higher than the healthcare plan industry average of 1.67%. Cvs Health's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Cvs Health's dividend has shown consistent growth over the last 10 years.

Cvs Health's dividend payout ratio of 36.4% indicates that its dividend yield is sustainable for the long-term.

Cigna Group (NYSE:CI) has an annual dividend yield of 1.68%, which is the same as the healthcare plan industry average of 1.67%. Cigna Group's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Cigna Group's dividend has shown consistent growth over the last 10 years.

Cigna Group's dividend payout ratio of 26.8% indicates that its dividend yield is sustainable for the long-term.

Unitedhealth Group (NYSE:UNH) has an annual dividend yield of 1.31%, which is the same as the healthcare plan industry average of 1.67%. Unitedhealth Group's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Unitedhealth Group's dividend has shown consistent growth over the last 10 years.

Unitedhealth Group's dividend payout ratio of 30.3% indicates that its dividend yield is sustainable for the long-term.

Healthcare plan stocks were down -0.49% in the last day, and up 0.51% over the last week.

We couldn't find a catalyst for why healthcare plan stocks are down.

Based on WallStreetZen's Valuation Score, the 3 most undervalued healthcare plan stocks right now are:

Cvs Health (NYSE:CVS) is the most undervalued healthcare plan stock based on WallStreetZen's Valuation Score. Cvs Health has a valuation score of 71, which is 44 points higher than the healthcare plan industry average of 27. It passed 5 out of 7 valuation due diligence checks.

Cvs Health's stock has dropped -30.96% in the past year. It has underperformed other stocks in the healthcare plan industry by -24 percentage points.

Centene (NYSE:CNC) is the second most undervalued healthcare plan stock based on WallStreetZen's Valuation Score. Centene has a valuation score of 57, which is 30 points higher than the healthcare plan industry average of 27. It passed 4 out of 7 valuation due diligence checks.

Centene's stock has dropped -14.09% in the past year. It has underperformed other stocks in the healthcare plan industry by -8 percentage points.

Cigna Group (NYSE:CI) is the third most undervalued healthcare plan stock based on WallStreetZen's Valuation Score. Cigna Group has a valuation score of 57, which is 30 points higher than the healthcare plan industry average of 27. It passed 4 out of 7 valuation due diligence checks.

Cigna Group's stock has dropped -10.46% in the past year. It has underperformed other stocks in the healthcare plan industry by -4 percentage points.