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

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 Insurance industry lower today making it today's featured Insurance laggard. The industry as a whole closed the day down 0.6%. By the end of trading, MetLife fell $0.66 (-1.6%) to $40.59 on average volume. Throughout the day, 8,165,018 shares of MetLife exchanged hands as compared to its average daily volume of 9,215,600 shares. The stock ranged in price between $40.35-$41.23 after having opened the day at $41.23 as compared to the previous trading day's close of $41.25. Other companies within the Insurance industry that declined today were: Donegal Group ( DGICB), down 9.2%, Atlantic American ( AAME), down 3.4%, Federated National ( FNHC), down 3.3% and Maiden Holdings ( MHLD), down 3.0%.
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MetLife, Inc., through its subsidiaries, provides insurance, annuities, and employee benefit programs in the United States, Japan, Latin America, the Middle East, Asia, and Europe. MetLife has a market cap of $44.7 billion and is part of the financial sector. The company has a P/E ratio of 19.2, above the S&P 500 P/E ratio of 17.7. Shares are up 25.2% 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 4 rate it a hold.

TheStreet Ratings rates MetLife as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, increase in net income, revenue growth and growth in earnings per share. We feel these strengths outweigh the fact that the company shows low profit margins.

On the positive front, American Independence Corporation ( AMIC), down 6.0%, Employers Holdings ( EIG), down 5.7%, Universal Insurance Holdings ( UVE), down 3.1% and MGIC Investment Corporation ( MTG), down 2.1% , were all gainers within the insurance industry with MBIA ( MBI) being today's featured insurance industry leader.

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).

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