Metlife Inc (MET): Are Hedge Funds Right About This Stock?

Now that we’ve mentioned the most bullish investors, let’s also take a look at some funds that got rid of their entire stakes in the stock during the third quarter. At the top of the heap, Clint Carlson’s Carlson Capital got rid of the largest position of all the investors studied by Insider Monkey, worth about $28.9 million in stock. Ken Griffin’s fund, Citadel Investment Group, also dumped its call options, worth about $25 million.

Let’s now take a look at hedge fund activity in other stocks – not necessarily in the same industry as Metlife Inc (NYSE:MET) but similarly valued. These stocks are salesforce.com, inc. (NYSE:CRM), The Southern Company (NYSE:SO), American Tower Corp (NYSE:AMT), and Ford Motor Company (NYSE:F). This group of stocks’ market valuations are closest to MET’s market valuation.

As you can see these stocks had an average of 42 hedge funds with bullish positions and the average amount invested in these stocks was $1.58 billion. That figure was $1.53 billion in MET’s case. salesforce.com, inc. (NYSE:CRM) is the most popular stock in this table. On the other hand The Southern Company (NYSE:SO) is the least popular one with only 20 bullish hedge fund positions. Metlife Inc (NYSE:MET) is not the least popular stock in this group but hedge fund interest is still below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard CRM might be a better candidate to consider taking a long position in.

Disclosure: none.