MetLife Down After AIG Allowed To Sell Its Stake Earlier Than Expected (MET, AIG)

Shares of MetLife, Inc. MET are currently trading at $43.97, down 4.69% from $46.04 at yesterday's close. Thus far, the trading range for MET has been from a high of $44.77 to a low of $43.74 today. The average price target analysts have for this stock is $54.53, according to Yahoo! YHOO finance. MetLife's volume of 18.1 million shares is more than triple the daily average of 5.08 million shares. Yesterday, AIG AIG announced that it would be able to sell its stake in MetLife earlier than anticipated. AIG is likely to do so in order to pay down its debt incurred from the TARP funds received from the government. MetLife, Inc. is a large insurance and financial services provider that operates in every continent except Africa and Australia. Their core business is in insurance for consumers as well as retirement and benefits products for businesses.