Super Monkey Portfolio Addition: MetLife, Inc.
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Welcome to the Super Monkey Portfolio, which was created with three simple goals: beat the market, make money, and have fun. Stocks selected for the Super Monkey Portfolio are originated through a random ticker generator. From there, my resident Super Monkey makes his selections based off of a list of qualifying factors and criteria.
The Super Monkey Portfolio is still outperforming the market by almost 2%. This is largely thanks to a 25% gain by Dolby Laboratories (NYSE: DLB), a provider of audio and video products and services to the entertainment industry. The success of Dolby and other stocks held in the Super Monkey Portfolio have proven to be an encouraging motivation to continue to expand the portfolio and continue to have fun, make money and beat the market. That is why I would like to introduce the next addition to the Super Monkey Portfolio, MetLife, Inc (NYSE: MET)
About the Company
MetLife operates in over 60 countries, serving approximately 90 million customers, providing services such as insurance, annuities and employee benefit programs. MetLife operates in several segments including, insurance products, retirement products, auto & home and banking.
Reasons for Consideration
As one of the largest insurance and financial services companies in the Unites States, MetLife is positioned to capture the ever increasing retirement market. With over 10,000 baby boomers retiring every day, this is a rapidly expand portion of the market. Operating in an international marketplace helps to minimize the risk exposure MetLife is facing. More importantly, MetLife operates a solid financial ship, and its financials reflect that fact. Currently, MetLife is trading for over $36 a share. When calculated, the book value per share for the most recent quarter comes to $57.06 per share, indicating there is some serious potential upside to this stock. MetLife is also experiencing healthy growth, sporting a year over year quarterly earnings growth of over 1,000%, with revenue growth of 55%. Below are some additional criteria that went into the decision to include MetLife to the Super Monkey Portfolio.
PEG Ratio .74
Price to Book .62
Forward P/E 7.14x
Current Ratio 1.67
MetLife is expected to announce earnings for the latest quarter on February 14th. With the European debt crisis still playing out and our own crisis here at home, it will be interesting to see how these results compare to analyst expectations. I fully expect that MetLife should be able to keep up the positive momentum.
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