Metlife Inc (MET): Insiders Aren’t Crazy About It

Page 1 of 2

Metlife Inc (NYSE:MET) investors should be aware of an increase in hedge fund interest lately.

Metlife

In the 21st century investor’s toolkit, there are many indicators market participants can use to watch stocks. Two of the most useful are hedge fund and insider trading activity. At Insider Monkey, our studies have shown that, historically, those who follow the best picks of the elite fund managers can beat their index-focused peers by a significant margin (see just how much).

Just as key, positive insider trading sentiment is another way to break down the financial markets. Just as you’d expect, there are lots of stimuli for a bullish insider to cut shares of his or her company, but just one, very obvious reason why they would buy. Several empirical studies have demonstrated the valuable potential of this method if investors know where to look (learn more here).

With these “truths” under our belt, it’s important to take a glance at the latest action regarding Metlife Inc (NYSE:MET).

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

In preparation for this quarter, a total of 56 of the hedge funds we track held long positions in this stock, a change of 8% from one quarter earlier. With hedgies’ positions undergoing their usual ebb and flow, there exists a few noteworthy hedge fund managers who were increasing their holdings considerably.

Of the funds we track, Pzena Investment Management, managed by Richard S. Pzena, holds the largest position in Metlife Inc (NYSE:MET). Pzena Investment Management has a $311 million position in the stock, comprising 2.2% of its 13F portfolio. Coming in second is Lee Ainslie of Maverick Capital, with a $181.8 million position; the fund has 2.4% of its 13F portfolio invested in the stock. Other hedge funds that are bullish include David Tepper’s Appaloosa Management LP, Jeffrey Tannenbaum’s Fir Tree and John A. Levin’s Levin Capital Strategies.

As industrywide interest jumped, key money managers were leading the bulls’ herd. Maverick Capital, managed by Lee Ainslie, initiated the most valuable position in Metlife Inc (NYSE:MET). Maverick Capital had 181.8 million invested in the company at the end of the quarter. Jeffrey Tannenbaum’s Fir Tree also made a $155.7 million investment in the stock during the quarter. The other funds with new positions in the stock are Doug Silverman and Alexander Klabin’s Senator Investment Group, Jeffrey Altman’s Owl Creek Asset Management, and Robert Pohly’s Samlyn Capital.

Insider trading activity in Metlife Inc (NYSE:MET)

Insider buying is best served when the company in focus has seen transactions within the past 180 days. Over the last six-month time frame, Metlife Inc (NYSE:MET) has experienced zero unique insiders purchasing, and 3 insider sales (see the details of insider trades here).

Let’s also examine 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 are in the life insurance industry and their market caps are similar to MET’s market cap.

Page 1 of 2
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

Qihoo 360 Technology Co Ltd (QIHU), Actavis plc (ACT), Yahoo! Inc. (YHOO) Among 20 Long Ideas from Sohn Canada

The 10 Laziest Countries in the World

The 10 Most Polluted Countries in the World

The 10 Most Dangerous Cities in America 2014

The Top 10 Gold Producing Countries in the World

The 10 Tallest Buildings in the World

The 10 Richest Stand Up Comedians in the World

The 10 Fattest Countries in the World

The 5 Best Summer Jobs for Teens

The 10 Most Religious Countries in the World Keeping the Faith

The 10 Most Educated Countries in the World

The 10 Most Popular Cell Phones in the World

The 10 Drunkest Countries in the World

The 10 Most Expensive Private Schools in the World

The 10 Smallest Countries in the World

Walking Dead Season 5 Spoilers You’ll Wish You Didn’t Know

The 10 Poorest Countries in the World

The 10 Greenest Countries in the World

The Top 10 Countries with the Highest Population in the World

The 10 Most Visited Countries in the World

The Top 10 Star Wars Characters in the Iconic Series

The 10 Most Expensive Android Phones in the World

5 Reasons Why The Illuminati Is Real and a Threat to Society

The 6 Scariest Halloween Costumes Ever Screamed At

The 4 Biggest Hedge Fund Managers in the World Today

The 15 Most Densely Populated Countries in the World

The 10 Biggest Tea Drinking Countries in the World

Top 6 Ways to Improve Your Checkout Process and Close Sales

The 5 Most Profitable Online Businesses You Can Start Today

The 20 Most Profitable Hospitals in the US

The 5 Most Profitable Home Businesses to Start

The 7 Teams that Will Win the Stanley Cup in 2015

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

50 Crazy Facts About Japan You Won’t Believe

Top 10 Least Expensive Hybrid Cars to Save the Planet With

The 10 Biggest ‘Gate’ Controversies in History

The 10 States with the Highest Nursing Shortages Leaving Their Hospitals Depleted

The 10 Best Value Investment Blogs that Every Investor Must Read

The 6 Cheapest Boarding Schools in Europe 2015

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!