Insurance provider MetLife (MET) is about 45% more volatile than the overall market, with a beta of 1.45. Despite the high volatility, the stock’s chart has been pretty smooth through 2017, although the stock has traded pretty much break-even for the year. Insurance stocks enjoyed big gains during the latter part of 2017, as rising interest rates helped push the entire sector higher. Insurance companies stand out as clear winners in a rising interest rate environment since they invest the premiums their customers pay in short-term securities and fixed income assets until needed to pay out claims. The entire sector is attractive at this time, and analysts see the stock rising from its current price of $53.45 to $56.83.
Chart courtesy of www.stockcharts.com