Metlife Stock

MetLife Inc (MET) MetLife shares rose 2.7 percent, or 98 cents, to $36.31 in afternoon trading on the New York Stock Exchange. After a rock 3 month rocky decline, current MET Life news points towards another big bounce.

MetLife Chief Executive Robert Henrikson said at an annual investor conference that the company sees revenue growing by up to 8 percent in 2010 as the company lures customers away from weaker rivals.

Life insurers were particularly susceptible to the upheaval in credit markets, which led to large losses on the sector’s holding of trillions of dollars in investments. But as markets have recovered, MetLife and its next biggest rival, Prudential Financial Inc (PRU.N), have emerged stronger than some peers, helping each to win more business. Latest Prudential Financial Stock Prices.

MetLife expects improved investment profit and lower expenses will also help its bottom line in 2010. The company said it met its target of $400 million in cost savings a year ahead of schedule and raised its forecast for savings in 2010 to $600 million.

Henrikson said the company was “wide open to really accretive” acquisitions, or deals that could significantly bolster growth. He declined to speak about specific deals.

MetLife’s (Met) stock price has more than tripled since hitting a 52-week low of $11.37 in March as investor fears about the capital position of U.S. life insurers eased. Get stock alerts on Met Life.