MetLife Stock Hits New 52-Week High (MET)

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.

NEW YORK ( TheStreet) -- MetLife (NYSE: MET) hit a new 52-week high Monday as it is currently trading at $39.60, above its previous 52-week high of $39.55 with 4.7 million shares traded as of 12:01 p.m. ET. Average volume has been 9.6 million shares over the past 30 days.

MetLife has a market cap of $40.69 billion and is part of the financial sector and insurance industry. Shares are up 18.5% year to date as of the close of trading on Friday.

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. The company has a P/E ratio of 34.5, above the S&P 500 P/E ratio of 17.7.

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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. You can view the full MetLife Ratings Report.

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