American International Group Inc (AIG), MGIC Investment Corp. (MTG), Prudential Financial Inc (PRU) Among Five Insurance Stocks that Billionaires Love

Prudential Financial Inc (NYSE:PRU) has also been one of the favorite insurance stocks among billionaire investors, with Ken Griffin’s Citadel Investment Group, Steve Cohen’s Point72 Asset Management, and Israel Englander’s Millennium Management being among the company’s shareholders. During the fourth quarter Steve Cohen’s fund surged its position in Prudential Financial Inc (NYSE:PRU) by almost a tenfold to 469,100 shares, while Citadel and Millennium reduced their holdings to 2.07 million shares and 258,900 shares respectively. Overall, 46 funds disclosed holding around $1.40 billion worth of Prudential Financial Inc (NYSE:PRU)’s stock, including eight billionaires, whose aggregate position amounts to $510.29 million.

Both Radian Group Inc (NYSE:RDN) and Assured Guaranty Ltd. (NYSE:AGO) share the last two spots on our list with seven billionaires revealing holding shares of the company. However, in Radian Group Inc (NYSE:RDN), billionaires own around $477.99 million worth of stock, while in Assured Guaranty Ltd. (NYSE:AGO), their aggregate stake amounts to $239.58 million. However, an overview of the entire data shows that Assured Guaranty is more popular among the funds that we track, with 51 of them reporting long positions, versus 41 for Radian Group Inc (NYSE:RDN). Paulson & Co holds around 11.04 million shares of Radian Group Inc (NYSE:RDN), followed by Jim Simons’ Renaissance Technologies and George Soros’ Soros Fund Management with 1.72 million shares and 1.18 million shares respectively. In Assured Guaranty, Millennium Management, Citadel, and Point72 Asset Management are among the billionaire funds invested in the company.

Disclosure: none