NEW YORK (

TheStreet

) -- Financial stocks were mixed Monday on a light news day. The

Financial Select Sector SPDR

(XLF) - Get Report

, a widely-followed exchange traded fund that tracks financial services stocks, was flat in early afternoon trading.

MetLife

(MET) - Get Report

was one of the more heavily-traded big financial stocks Monday. Roughly 4.5 million shares of MetLife had changed hands less than half way through the trading day, compared to a trailing three month average daily volume of 8.8 million shares. MetLife shares were lower by 1.62% to $38.92.

MetLife has been the subject of negative headlines in recent days related to a controversial practice known as

retained asset accounts . Rather than paying policyholders a lump sum, many life insurers pay death benefits by setting up interest-bearing checking accounts. The practice has drawn scrutiny from New York Attorney General Andrew Cuomo, who subpoenaed several insurers including MetLife,

Prudential Financial

(PRU) - Get Report

and

Genworth Financial

(GNW) - Get Report

.

Prudential shares were down 1.35% Monday, though on lighter volumes. Shares of Genworth were higher, though Genworth, which has a sizeable mortgage insurance business, often trades more similarly to other mortgage insurers like

Radian Group

(RDN) - Get Report

and

MGIC Investment Corp.

(MTG) - Get Report

, which were higher by 2.77% and 2.1% respectively. However,

PMI Group

( PMI), another mortgage insurer, was down by 2.64%.

Among the four megabanks banks on Monday,

JPMorgan Chase

(JPM) - Get Report

was the only one in positive territory, though by just 0.59%. Shares of

Bank of America

(BAC) - Get Report

were down by two cents following a report in

The Wall Street Journal

the bank is looking to unload its stake in money management kingpin

BlackRock, Inc.

(BLK) - Get Report

. Shares of BlackRock were down by 1.07%.

--

Written by Dan Freed in New York

.

Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.