) pushed the Insurance industry lower today making it today's featured Insurance loser. The industry as a whole closed the day down 1.9%. By the end of trading, MetLife fell $1.20 (-4%) to $29.03 on average volume. Throughout the day, 9.6 million shares of MetLife exchanged hands as compared to its average daily volume of 12.4 million shares. The stock ranged in price between $28.93-$30.39 after having opened the day at $30.29 as compared to the previous trading day's close of $30.23. Other company's within the Insurance industry that declined today were:
), down 9%,
), down 8.3%,
), down 7.7%, and
), down 7.3%.
MetLife, Inc., through its subsidiaries, provides insurance, annuities, and employee benefit programs primarily in the United States, Japan, Latin America, the Asia Pacific, Europe, and the Middle East. MetLife has a market cap of $32.11 billion and is part of the
sector. The company has a P/E ratio of 5.9, equal to the average insurance industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 32% year to date as of the close of trading on Friday. Currently there are 16 analysts that rate MetLife a buy, no analysts rate it a sell, and three rate it a hold.
TheStreet Ratings rates MetLife as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year.
- You can view the full MetLife Ratings Report.
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For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the insurance industry could consider
) while those bearish on the insurance industry could consider
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