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 higher today making it today's featured insurance winner. The industry as a whole closed the day up 0.2%. By the end of trading, MetLife rose $0.74 (1.6%) to $47.85 on average volume. Throughout the day, 6,816,928 shares of MetLife exchanged hands as compared to its average daily volume of 6,416,600 shares. The stock ranged in a price between $47.13-$48.09 after having opened the day at $47.13 as compared to the previous trading day's close of $47.11. Other companies within the Insurance industry that increased today were: Genworth Financial ( GNW), up 3.9%, Erie Indemnity Company ( ERIE), up 3.1%, First American Financial ( FAF), up 3.0% and Assured Guaranty ( AGO), up 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 $52.0 billion and is part of the financial sector. Shares are up 43.8% year to date as of the close of trading on Tuesday. Currently there are 15 analysts that rate MetLife a buy, no analysts rate it a sell, and 2 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 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.
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).