5 Best Insurance Stocks Under $70

2. MetLife, Inc. (NYSE:MET)

Number of Hedge Fund Holders: 36

Share Price as of October 13: $62.58      

MetLife, Inc. (NYSE:MET) is a financial services company that provides insurance, annuities, employee benefits, and asset management services worldwide. It is one of the major insurance stocks to invest in. On August 29, the company revealed that it had purchased Affirmative Investment Management, a specialist in global ESG and fixed income investment manager. The move is part of a plan to strengthen the environmental, social, and governance investments and reporting capabilities of the former. 

On September 22, investment advisory Raymond James initiated coverage of MetLife, Inc. (NYSE:MET) stock with a Market Perform rating and a $73 price target. Analyst Wilma Burdis issued the ratings update. 

At the end of the second quarter of 2022, 36 hedge funds in the database of Insider Monkey held stakes worth $613 million in MetLife, Inc. (NYSE:MET), compared to 39 in the preceding quarter worth $945.5 million.