MetLife Inc. (MET) Dips 3.56% for October 02

Equities Staff  |

Among the S&P 500’s biggest fallers on Wednesday October 02 was MetLife Inc. (MET). The stock experienced a 3.56% decline to $44.39 with 7.99 million shares changing hands.

MetLife Inc. started at an opening price of 45.53 and hit a high of $45.70 and a low of $44.31. Ultimately, the stock took a hit and finished the day at $1.64 per share. MetLife Inc. trades an average of n/a shares a day out of a total 936.45 million shares outstanding. The current moving averages are a 50-day SMA of $n/a and a 200-day SMA of $n/a. MetLife Inc. hit a high of $51.16 and a low of $37.76 over the last year.

MetLife--once a mutual company before the 2000 demutualization--is the largest life insurer in the U.S. by assets and provides a variety of insurance and financial services products. Outside the United States, MetLife operates in Japan and more than 50 countries in Latin America, the Asia-Pacific region, Europe, and the Middle East.

With its headquarters located in New York, NY, MetLife Inc. employs 48,000 people. After today’s trading, the company’s market cap has fallen to $41.57 billion, a P/S of n/a, a P/B of 0.65, and a P/FCF of n/a.

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For all the attention paid to the Dow Jones Industrial Average (DJIA), it’s the S&P 500 that’s relied on by insiders and institutional investors. It represents the industry standard for American large-cap indices.

The Dow is made up of just 30 stocks to the S&P 500’s 500, and it uses an unreliable and outdated price-weighting system where the S&P 500 relies on market cap in weighting its returns. This is why its long-term returns is a much more reliable gauge for the performance of large- and mega-cap stocks over time.

To get more information on MetLife Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: MET’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.



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