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MetLife Announces $3B Stock Repurchase After Broker Buy Ratings

MetLife logoMetLife
Sig2.61Sen+3.03Env0.00Soc+0.05Gov+1.06

MetLife has received a consensus Buy view from brokerages, with the average 1-year target price at $102.21. Wells Fargo lifted its objective to $109. The board started a $3.0 billion stock repurchase plan allowing buys of up to 4.8% of shares. Latest quarter revenue was $13.52 billion versus $19.67 billion expected, and analysts project 9.72 EPS for the current year.

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