Top 5 Life Insurance Companies In The World

In this article, we will discuss the top 5 life insurance companies in the world. If you want to explore similar companies, you can also take a look at Top 15 Life Insurance Companies In The World.

5. Metlife, Inc. (NYSE:MET)

Number of Hedge Fund Holders: 36

Metlife, Inc. (NYSE:MET) is an American multinational insurance corporation headquartered in New York City. The company was founded in 1863 and is one of the largest life insurers in the United States. Metlife, Inc. (NYSE:MET) serves customers in over 20 countries and jurisdictions around the world and is ranked high among the top life insurance companies in the world. As of October 28, Metlife, Inc. (NYSE:MET) has a market cap of $58.3 billion and is offering a forward dividend yield of 2.73%. The company has free cash flows of $15.23 billion.

On August 22, Credit Suisse analyst Andrew Kligerman raised his price target on MetLife, Inc. (NYSE:MET) to $77 from $68 and reiterated an Outperform rating on the shares. This September Raymond James analyst Wilma Burdis started coverage of MetLife, Inc. (NYSE:MET) with a Market Perform rating and a $73 price target.

At the end of Q2 2022, Insider Monkey identified 36 hedge funds that held stakes in Metlife, Inc. (NYSE:MET). These funds held collective stakes of $612.8 million in the company. As of June 30, Pzena Investment Management is the top investor in Metlife, Inc. (NYSE:MET) and has disclosed stakes of $316.9 million in the company.

4. The Allstate Corporation (NYSE:ALL)

Number of Hedge Fund Holders: 37

The Allstate Corporation (NYSE:ALL) is one of the largest providers of personal property and casualty insurance in the United States and Canada. The company sells a wide range of insurance products, including auto, homeowners, life, and commercial insurance. This October, Keefe Bruyette analyst Meyer Shields raised his price target on The Allstate Corporation (NYSE:ALL) to $158 from $136 and upgraded the stock to Outperform from Market Perform.

The Allstate Corporation (NYSE:ALL) has a strong cash position and has free cash flows of $3.92 billion. As of October 28, the company is worth $34 billion on the open market and is offering a forward dividend yield of 2.69%. The Allstate Corporation (NYSE:ALL) ranks high among the best life insurance companies in the world.

At the close of Q2 2022, 37 hedge funds were long The Allstate Corporation (NYSE:ALL) and held stakes worth $627.3 million in the company. Of those, AQR Capital Management is the most prominent shareholder in the company and has stakes of $215 million.

3. American International Group, Inc. (NYSE:AIG)

Number of Hedge Fund Holders: 44

American International Group, Inc. (NYSE:AIG) is a leading global insurance organization. Founded in 1919, American International Group, Inc. (NYSE:AIG) provide a wide range of property casualty insurance, life insurance, retirement products, and other financial services to customers in more than 70 countries and jurisdictions. American International Group, Inc. (NYSE:AIG) is one of the largest life insurance companies in the world and has a market cap of $43 billion. The company has a strong cash position and according to its balance sheet, its free cash flows currently sit at $4.1 billion.

On October 12, Jefferies analyst Yaron Kinar raised his price target on American International Group, Inc. (NYSE:AIG) to $64 from $57 and upgraded the stock to Buy from Hold. This October, Barclays analyst Tracy Benguigui revised her price target on American International Group, Inc. (NYSE:AIG) to $53 from $56 and maintained an Equal Weight rating on the shares.

At the end of Q2 2022, 44 hedge funds were eager on American International Group, Inc. (NYSE:AIG) and disclosed stakes of $2.55 billion. This is compared to 34 positions in the preceding quarter with stakes worth $2.50 billion. The hedge fund sentiment for the stock is positive. As of June 30, Harris Associates is the leading investor in American International Group, Inc. (NYSE:AIG) and has disclosed stakes of $1.33 billion in the company.

 Here is what Diamond Hill Capital had to say about American International Group, Inc. (NYSE:AIG) in its third-quarter 2022 investor letter:

“Also among our bottom contributors were health care products manufacturer Abbott Labs, global pharmaceutical company Pfizer, media and technology giant Alphabet, and insurance company American International Group, Inc. (NYSE:AIG).

AIG reported strong Q2 earnings, but volatile capital markets led to delays in the IPO of the company’s life and retirement business and concerns about the quality of the company’s investment portfolio. We continue to believe AIG has one of the best management teams in the industry, and they’ve been executing well on turning the business around and improving underwriting and expense control.”

2. Cigna Corporation (NYSE:CI)

Number of Hedge Fund Holders: 66

Cigna Corporation (NYSE:CI) is a leading global health services company with operations in over 30 countries. The company offers a broad range of health insurance and related products and services, including medical, dental, life, disability, and stop-loss insurance, as well as pharmacy benefit management and other health services. As of October 28, Cigna Corporation (NYSE:CI) has a market value of $99 billion and is offering a forward dividend yield of 1.38% to shareholders. The company has free cash flows of $8.4 billion and is ranked high among the top life insurance companies in the world.

This August, Credit Suisse analyst A.J. Rice raised his price target on Cigna Corporation (NYSE:CI) to $329 from $315 and maintained an Outperform rating on the shares. On August 8, UBS analyst Kevin Caliendo raised his price target on Cigna Corporation (NYSE:CI) to $330 from $310 and reiterated a Buy rating on the shares.

At the close of Q2 2022, Insider Monkey spotted Cigna Corporation (NYSE:CI) on 66 hedge fund portfolios. These funds disclosed stakes of $3.19 billion in the company. This is compared to 63 positions in the preceding quarter with stakes worth $2.69 billion in the company. The hedge fund sentiment for the stock is positive. As of June 30, Glenview Capital is the top shareholder in Cigna Corporation (NYSE:CI) and has disclosed a stake of $547 million in the company.

Here is what Aristotle Capital had to say about Cigna Corporation (NYSE:CI) in its second-quarter 2022 investor letter:

“Cigna Corporation (NYSE:CI) contributed to performance in the second quarter, outpacing the benchmark Health Care sector return. We believe Cigna benefited from investors seeking relative “safety” in the managed care sector and the stock’s attractive valuation at just over 10 times next year’s earnings. During the quarter, Cigna reported an earnings beat due to a better-than-expected medical loss ratio.”

1. UnitedHealth Group Inc. (NYSE:UNH)

Number of Hedge Fund Holders: 91

UnitedHealth Group Inc. (NYSE:UNH) is a diversified health and well-being company. The company’s businesses include UnitedHealthcare, Optum Health, Optum Insight, and Optum Rx. UnitedHealthcare Group, Inc. (NYSE:UNH) is one of the largest health insurers in the United States and is among the top life insurance companies in the world with a global presence in over 150 countries.

Shares of UnitedHealth Group Inc. (NYSE:UNH) have surged 21.39% over the past twelve months and the company is awarding shareholders with a dividend yield of 1.20%, as of October 28. UnitedHealth Group Inc. (NYSE:UNH) has a strong cash position and, according to its balance sheet, has free cash flows of $31.32 billion.

This October, RBC Capital analyst Ben Hendrix raised his price target on UnitedHealth Group, Inc. (NYSE:UNH) to $592 from $588 and maintained an Outperform rating on the shares. On October 18, Deutsche Bank analyst George Hill raised his price target on UnitedHealth Group, Inc. (NYSE:UNH) to $615 from $569 and reiterated a Buy rating on the shares.

At the end of Q2 2022, 91 hedge funds held stakes in UnitedHealth Group Inc. (NYSE:UNH) worth $10.90 billion. As of September 30, Aubrey Capital Management is the leading investor in UnitedHealth Group Inc. (NYSE:UNH) and has disclosed a stake of $3.33 billion in the company.

Here is what Carillon Tower Advisers had to say about UnitedHealth Group Incorporated (NYSE:UNH) in its second-quarter 2022 investor letter:

“UnitedHealth Group Incorporated (NYSE:UNH) reported solid quarterly results and raised 2022 guidance modestly. Additionally, managed care is another industry that is viewed as defensive in the current environment, which helped support UnitedHealth and its peer group.”

You can also take a look at 10 Best UK Stocks To Buy Now and 11 Best Insurance Stocks That Pay Dividends.

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