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NEW YORK ( TheStreet) -- MetLife Inc (NYSE: MET) hit a new 52-week low Tuesday as it is currently trading at $25.97, below its previous 52-week low of $26.39 with 1.9 million shares traded as of 10:10 a.m. ET. Average volume has been 11.4 million shares over the past 30 days. MetLife has a market cap of $29.6 billion and is part of the financial sector and insurance industry. Shares are down 40.1% year to date as of the close of trading on Monday. 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. The company has a P/E ratio of 13.3, above the average insurance industry P/E ratio of 13 and below the S&P 500 P/E ratio of 17.7.