10 Best Insurance Stocks to Buy According to Hedge Funds

7. MetLife, Inc. (NYSE:MET)

No. of Hedge Fund Holders: 54

MetLife, Inc. (NYSE:MET) is a global financial services company that offers insurance, annuities, employee benefits, and asset management services. The company operates in more than 60 countries, serving individuals and institutional clients. The company operates through Group Benefits, Retirement, and Income Solutions segments.

MetLife, Inc. (NYSE:MET) is expanding its operations through its newly announced five-year growth strategy, New Frontier. Through this growth strategy, MetLife is focused on expansion in high-growth international markets. The company is leveraging its strong position in Latin America and Asia. On March 19, the company announced the launch of its latest business unit named MetLife Xcelerator in Latin America. Xcelerator expands the company’s embedded insurance platform, further diversifying its services in the region. Since its launch in November 2023, the platform has gained nearly 4.5 million active customers and gathered around $200 million in premiums and fees.

Through its New Frontier strategy, MetLife expects to achieve double-digit growth in adjusted EPS and a 15-17% growth in adjusted ROE. The life insurer is aiming to reduce its expenses and turn over $25 billion in free cash flow.