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With a market cap of $51.4 billion, MetLife, Inc. (MET) is a global financial services company that provides insurance, annuities, employee benefits, and asset management solutions to individuals and institutions worldwide. Operating across six business segments, the company offers a broad portfolio of protection, retirement, and investment products.
The New York-based company's shares have underperformed the broader market over the past 52 weeks. MET stock has decreased 7.8% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 14%. Moreover, shares of MetLife are down 1.2% on a YTD basis, compared to SPX’s marginal rise.