Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link. MetLife ( MET) pushed the Insurance industry lower today making it today's featured Insurance laggard. The industry as a whole closed the day down 0.2%. By the end of trading, MetLife fell $0.89 (-1.8%) to $48.88 on light volume. Throughout the day, 4,900,654 shares of MetLife exchanged hands as compared to its average daily volume of 7,366,200 shares. The stock ranged in price between $48.83-$49.59 after having opened the day at $49.32 as compared to the previous trading day's close of $49.77. Other companies within the Insurance industry that declined today were: Hallmark Financial Services ( HALL), down 3.4%, Kingsway Financial Services ( KFS), down 3.3%, Atlas Financial Holdings ( AFH), down 2.8% and Meadowbrook Insurance Group ( MIG), down 2.8%. 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 $54.5 billion and is part of the financial sector. Shares are up 51.1% year to date as of the close of trading on Friday. 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 solid stock price performance, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and notable return on equity. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.
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