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With a market cap of $49.6 billion, MetLife, Inc. (MET) is a global financial services company that specializes in insurance, annuities, employee benefits, and asset management. Operating across multiple regions, it offers a wide range of protection, retirement, and savings products to both individual and institutional customers worldwide.
The New York-based company's shares have underperformed the broader market over the past 52 weeks. MET stock has increased nearly 6% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 21.9%. Moreover, shares of MetLife are down 9.9% on a YTD basis, compared to SPX’s 7.8% rise.