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With a market cap of $52.3 billion, MetLife, Inc. (MET) is a global financial services company offering insurance, annuities, employee benefits, and asset management solutions. Operating across six segments worldwide, MetLife serves both individuals and institutions with a broad range of protection and investment products.
The New York-based company's shares have underperformed the broader market over the past 52 weeks. MET has increased 7.3% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 8.6%. Moreover, shares of MetLife are down 4.9% on a YTD basis, compared to SPX’s 3.8% drop.