5 Dividend Stocks to Buy According to Andreas Halvorsen’s Viking Global

2. MetLife, Inc. (NYSE:MET)

Number of Hedge Fund Holders: 39
Dividend Yield as of May 23: 3.14%
Viking Global’s Stake Value: $95,733,000

MetLife, Inc. (NYSE:MET) is an American insurance company and is the largest provider of insurance and employee benefit programs. The company was popular among hedge funds in Q4 2021, as 39 hedge funds in Insider Monkey’s database held stakes in the company, up from 36 in the previous quarter. These stakes hold a consolidated value of $945.5 million.

MetLife, Inc. (NYSE:MET) pays a quarterly dividend of $0.50 per share, having raised it by 4% in February. The company maintains an 8-year track record of consistent dividend growth, with a 5-year CAGR of 6.35%. As of May 23, the stock’s dividend yield was recorded at 3.14%.

Viking Global initiated its position in MetLife, Inc. (NYSE:MET) during the first quarter of 2022, with shares worth over $95.7 million. The company accounted for 0.38% of Andreas Halvorsen’s portfolio. In April, JPMorgan appreciated the company’s strong balance sheet, ongoing share repurchases, and improving sales. On account of this, the firm lifted its price target on the stock to $75, with an Overweight rating on the shares.