Metlife Inc (MET): Hedge Funds, Insiders Don’t Agree, So What to Do?

Metlife Inc. (NYSE:MET) provides insurance, annuities, and employee benefit programs in the U.S. and internationally. The company recently announced its ear-end investor conference call Thursday at 8 a.m. Eastern. During the conference, MetLife Inc.’s senior management team will brief on the business, operations, financial results and outlook of MetLife Inc. As a reminder, the stock of Metlife Inc. has surged about 18 percent during the past six months and currently it is trading more than 65 percent above its 52-week low of $31.07.

Metlife Inc (NYSE:MET)

How are hedge funds trading MetLife Inc. (NYSE:MET)?

In preparation for the fourth quarter, 63 hedge funds tracked by our friends at Insider Monkey held long positions in this stock, a 15-percent increase from the previous quarter.

According to hedge-fund intelligence website Insider Monkey, Andreas Halvorsen of Viking Global had the largest investment in MetLife Inc. (NYSE:MET), worth $321 million, comprising 1.8 percent of its total investment portfolio. The second-largest stake is held by Richard S. Pzena of Pzena Investment Management, with a $320.8 -million investment, comprising 2.1 percent of its total portfolio. Other hedge funds that are bullish comprise Jeffrey Tannenbaum of Fir Tree, Doug Silverman and Alexander Klabin of Senator Investment Group and David Tepper of Appaloosa Management LP.

As industry-wide interest jumped, key hedge funds were leading the bulls’ herd. Senator Investment Group, managed by Doug Silverman and Alexander Klabin, created the most valuable position in MetLife Inc. (NYSE:MET) with investment worth $239.4 million invested at the end of the quarter. Rob Citrone of Discovery Capital Management also made a $163.6-million investment in the stock during the quarter. The following fund managers were also among the new MET investors and included Matthew Tewksbury of Stevens Capital Management, John Overdeck and David Siegel of Two Sigma Advisors, and Peter Rathjens, Bruce Clarke and John Campbell of Arrowstreet Capital.

Insider trading activity in Metlife Inc. (NYSE:MET)

Over the last half-year time period, MetLife Inc. (NYSE:MET) has seen zero unique insider purchases and four insider sales (see the details of insider trades here).

Let’s check out hedge-fund and insider activity in other stocks similar to MetLife Inc. (NYSE:MET). These stocks are China Life Insurance Company Ltd. (ADR) (NYSE:LFC), Manulife Financial Corporation (USA) (NYSE:MFC), Prudential Financial Inc. (NYSE:PRU), ING Groep N.V. (ADR) (NYSE:ING), and Prudential Public Limited Company (ADR) (NYSE:PUK). This group of stocks is in the life insurance industry and individual market caps are closest to MET’s market cap.

Company Name # of Hedge Funds # of Insiders Buying # of Insiders Selling
China Life Insurance Company Ltd. (ADR) (NYSE:LFC) 9 0 0
Manulife Financial Corporation (USA) (NYSE:MFC) 14 0 0
Prudential Financial Inc.(NYSE:PRU) 36 0 9
ING Groep N.V. (ADR) (NYSE:ING) 27 0 0
Prudential Public Limited Company (ADR) (NYSE:PUK) 6 0 0

Hedge-fund managers seem not to have been attracted by any of MetLife Inc. (NYSE:MET)’s peers as evident from the number of hedge-fund positions. With regards to insiders selling, the activities surrounding Prudential Financial Inc. (NYSE:PRU) are noteworthy.



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