MetLife Inc (MET): Today's Featured Insurance Loser

MetLife ( MET) pushed the Insurance industry lower today making it today's featured Insurance loser. The industry as a whole closed the day down 0.3%. By the end of trading, MetLife fell 26 cents (-0.7%) to $35.82 on average volume. Throughout the day, 6.8 million shares of MetLife exchanged hands as compared to its average daily volume of 8.2 million shares. The stock ranged in price between $35.16-$35.90 after having opened the day at $35.86 as compared to the previous trading day's close of $36.08. Other company's within the Insurance industry that declined today were: Triple-S Management Corporation ( GTS), down 13.5%, Radian Group ( RDN), down 9.3%, Kingsway Financial Services ( KFS), down 7.5%, and Unico American Corporation ( UNAM), down 6.2%.

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 $38.32 billion and is part of the financial sector. The company has a P/E ratio of 6.6, equal to the average insurance industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 15.7% year to date as of the close of trading on Tuesday. 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 hold. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, notable return on equity and largely solid financial position with reasonable debt levels by most measures. 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.

On the positive front, Affirmative Insurance Holdings ( AFFM), up 6.5%, 21st Century Holding Company ( TCHC), up 5.1%, Stewart Information Services ( STC), up 4.5%, and Catalyst Health Solutions ( CHSI), up 3.6%, were all gainers within the insurance industry with MGIC Investment Corporation ( MTG) being today's featured insurance industry winner.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the insurance industry could consider KBW Insurance ETF ( KIE) while those bearish on the insurance industry could consider Proshares Short Financials ( SEF).
null

If you liked this article you might like

Walgreens, AmerisourceBergen, Amazon and GM - 5 Things You Must Know

Walgreens, AmerisourceBergen, Amazon and GM - 5 Things You Must Know

Dow Tumbles 362 Points; S&P 500 and Nasdaq Also Finish Lower

Dow Tumbles 362 Points; S&P 500 and Nasdaq Also Finish Lower

MetLife Shares Plunge After Group Reveals SEC Pension Payment Probe

MetLife Shares Plunge After Group Reveals SEC Pension Payment Probe

Here Is the Biggest Risk to the Bull Market You're Missing

Here Is the Biggest Risk to the Bull Market You're Missing

Stocks Need to Move Lower to Be Able to Move Higher Again: Market Recon

Stocks Need to Move Lower to Be Able to Move Higher Again: Market Recon