MetLife, Inc. Buyback
OLI recorded this information on 11/1/2017
MetLife, Inc. (NYSE:MET) today announced that its board of directors has approved a new $2 billion authorization for the company to repurchase its common stock. In 2016, MetLife announced a $3 billion repurchase program and the company has bought back approximately $2.8 billion of its common stock under that board authorization.
MetLife, through its subsidiaries and affiliates, provides insurance, annuities, employee benefits and asset management. Co.'s segments include: United States; Asia; Latin America; Europe, the Middle East and Africa; and MetLife Holdings. In the United States, Co. provides a variety of insurance and financial services products, including life, dental, disability, property and casualty, guaranteed interest, stable value and annuities to both individuals and groups. Outside the United States, Co. provides life, medical, dental, credit and other accident and health insurance, as well as annuities, endowment and retirement and savings products to both individuals and groups.
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Buy (3.06 out of 4)
(ranked lower than approx. 57% of all stocks covered)
Based on Zacks ABR data;
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