MET Stock Summary and Trading Ideas (Metlife | NYSE:MET)

MetLife is one of the largest life insurers in the us by assets and provides a variety of insurance and financial services products. The company is organized into five segments: us, Asia, Latin America, EMEA, and MetLife Holdings. The U.S. business contributes around 50% of earnings and is broken into the group benefits segment and the retirement solutions segment. The Asia segment contributes around 22% of earnings and is mainly composed of the Japan business with increasing contributions from India, China, and Bangladesh. The company also holds leading market positions in Mexico and Chile with the Latin America segment contributing around 13% of earnings. The EMEA and the MetLife segments contribute around 4% and 11% of earnings, respectively.

Metlife trades on the NYSE stock market under the symbol MET.

As of April 19, 2024, MET stock price climbed to $71.11 with 2,760,859 million shares trading.

MET has a beta of 0.87, meaning it tends to be less sensitive to market movements. MET has a correlation of 0.19 to the broad based SPY ETF.

MET has a market cap of $51.41 billion. This is considered a Large Cap stock.

Last quarter Metlife reported $19 billion in Revenue and $1.83 earnings per share. This beat revenue expectation by $258 million and missed earnings estimates by -$.06.

In the last 3 years, MET stock traded as high as $77.36 and as low as $48.95.

The top ETF exchange traded funds that MET belongs to (by Net Assets): VTI, VOO, SPY, IVV, VTV.

MET stock has underperformed the market in the last year with a return of +18.4%, while SPY returned +21.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in MET shares. However, MET has outperformed the market in the last 3 month and 2 week periods, returning +4.0% and -3.4%, while SPY returned +3.0% and -4.5%, respectively. This indicates MET has been having a stronger performance recently.

MET support price is $69.14 and resistance is $70.76 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MET stock will trade within this expected range on the day.