MetLife Is (Still) Well-Positioned For 2020 And Beyond

Summary:

*MetLife's stock has significantly underperformed the broader market so far in 2020. However, the company's most recent operating results were well-received by the market.

*The takeaway: this insurer is well-positioned for 2020 and beyond, but shareholders may be in for a bumpy ride over the next few quarters.

*We are long MetLife, and we plan to stay long the stock.

MetLife's ($MET) stock price has recovered lately but it is still significantly underperforming the broader market on a YTD basis.

As I recently described here, the pullback in MET shares should be viewed as a great long-term investment opportunity because this global insurer is well-positioned for the years ahead. And it helps that MetLife's Q1 2020 results show that the company's investment thesis remains intact.