MetLife Reaches New 52-Week High (MET)

NEW YORK ( TheStreet) -- MetLife (NYSE: MET) hit a new 52-week high Friday as it is currently trading at $47.18, above its previous 52-week high of $46.94 with 1.1 million shares traded as of 9:56 a.m. ET. Average volume has been 8.1 million shares over the past 30 days.

MetLife has a market cap of $50.99 billion and is part of the financial sector and insurance industry. Shares are up 41.4% year to date as of the close of trading on Wednesday.

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.

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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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