MetLife Is Properly Positioned For 2020 And Beyond
- MetLife reported mixed Q3 2019 results that beat the top and bottom line estimates.
- The company has returned a significant amount of capital to shareholder so far in 2019, and investors should expect more of the same in 2020.
- I plan to stay long MetLife.
MetLife ($MET) stock has performed well lately (higher by ~10% over the last 3 months), but shares are still trailing the broader market by almost 5 percentage points over the last 11-plus months.
However, I believe that the underperformance has created a buying opportunity. MetLife appears to be well-positioned for 2020 and beyond, so in my opinion, investors with a long-term mindset should consider adding the company's shares on any pullbacks.
Read more here.