MetLife Reaches 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 Wednesday as it is currently trading at $46.05, above its previous 52-week high of $45.96 with 5.4 million shares traded as of 2:46 p.m. ET. Average volume has been 7.8 million shares over the past 30 days.

MetLife has a market cap of $49.17 billion and is part of the financial sector and insurance industry. Shares are up 37.9% year to date as of the close of trading on Tuesday.

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. The company has a P/E ratio of 21.2, 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, solid stock price performance, increase in net income, attractive valuation levels and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full MetLife Ratings Report.

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