) pushed the Insurance industry higher today making it today's featured insurance winner. The industry as a whole closed the day up 2.3%. By the end of trading, MetLife rose $1.36 (4.6%) to $30.86 on average volume. Throughout the day, 7.8 million shares of MetLife exchanged hands as compared to its average daily volume of 9.5 million shares. The stock ranged in a price between $30.20-$30.87 after having opened the day at $30.32 as compared to the previous trading day's close of $29.49. Other companies within the Insurance industry that increased today were:
), up 10.2%,
), up 10.2%,
), up 6.8%, and
), up 6.7%.
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MetLife, Inc., through its subsidiaries, provides insurance, annuities, and employee benefit programs in the United States, Japan, Latin America, the Asia Pacific, Europe, and the Middle East. MetLife has a market cap of $31.6 billion and is part of the
sector. The company has a P/E ratio of 5.5, equal to the average insurance industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 4.6% year to date as of the close of trading on Thursday. 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 revenue growth, reasonable valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, poor profit margins and a generally disappointing performance in the stock itself.
- You can view the full MetLife Ratings Report.
) was today's featured insurance industry loser.
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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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