MetLife Inc (MET): Today's Featured Financial Winner

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

MetLife ( MET) pushed the Financial sector higher today making it today's featured financial winner. The sector as a whole closed the day up 0.3%. By the end of trading, MetLife rose 67 cents (1.8%) to $37.21 on average volume. Throughout the day, 8.1 million shares of MetLife exchanged hands as compared to its average daily volume of 9.7 million shares. The stock ranged in a price between $36.61-$37.27 after having opened the day at $36.62 as compared to the previous trading day's close of $36.54. Other companies within the Financial sector that increased today were: Altisource Residential Corporation ( RESI), up 33.4%, IFM Investments ( CTC), up 17.4%, Siebert Financial Corporation ( SIEB), up 9%, and Oak Ridge Financial Services ( BKOR), up 7.8%.
  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

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 $39.84 billion and is part of the insurance industry. The company has a P/E ratio of 33.7, above the S&P 500 P/E ratio of 17.7. Shares are up 10.9% year to date as of the close of trading on Wednesday. Currently there are 15 analysts that rate MetLife a buy, no analysts rate it a sell, and four rate it a hold.

TheStreet Ratings rates MetLife as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the negative front, Aviva ( AV), down 12.4%, MGIC Investment Corporation ( MTG), down 12.3%, Palmetto ( PLMT), down 9.1%, and Credit Suisse ( DGAZ), down 8.4%, were all laggards within the financial sector with Public Storage ( PSA) being today's financial sector laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the financial sector could consider Financial Select Sector SPDR ( XLF) while those bearish on the financial sector could consider Proshares Short Financials ( SEF).

It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.

null

More from Markets

Dow and S&P 500 Finish Higher Amid Strong Corporate Earnings

Dow and S&P 500 Finish Higher Amid Strong Corporate Earnings

Veteran Foreign Affairs Expert Ian Bremmer Reveals How to Price Political Risk

Veteran Foreign Affairs Expert Ian Bremmer Reveals How to Price Political Risk

Investors Shouldn't Be Worried About Trump's Trade Tariffs: Ian Bremmer

Investors Shouldn't Be Worried About Trump's Trade Tariffs: Ian Bremmer

3 Hot Reads From TheStreet's Top Premium Columnists

3 Hot Reads From TheStreet's Top Premium Columnists

NYSE Suspends Trading for Some Shares of Nasdaq-Listed Amazon, Alphabet

NYSE Suspends Trading for Some Shares of Nasdaq-Listed Amazon, Alphabet