MetLife stock slips 1.67% and underperforms competitors
Updated
Updated · MarketWatch · May 7
MetLife stock slips 1.67% and underperforms competitors
7 articles · Updated · MarketWatch · May 7
Shares closed at $78.82 on Thursday, as the S&P 500 fell 0.38% to 7,337.11 and the Dow dropped 0.63% to 49,596.97.
The decline ended a two-day winning streak and left MetLife 6.00% below its 52-week high of $83.85 reached on 16 December.
MetLife lagged Cigna, whose shares rose 0.73%, while AIG fell 1.62% and Prudential lost 0.72%; trading volume of 4.5 million topped its 50-day average of 3.8 million.
As profits soften, can MetLife's AI strategy justify its premium stock price and deliver its promised 15% growth?
With Mideast tensions rising, how exposed is MetLife's massive $742 billion investment portfolio to an oil price shock?