Metlife to buy back up to $1 billion shares

June 10 Tue Jun 10, 2014 6:29am EDT

June 10 (Reuters) - Insurer Metlife Inc said it would buy back up to $1 billion of its common stock.

The company said it will use existing authorizations from its board for the share repurchase.

Metlife last bought back its shares in 2008. The company has 1.13 billion shares outstanding, valued at $61.52 billion, according to Thomson Reuters data. (Reporting by Amrutha Gayathri in Bangalore; Editing by Joyjeet Das)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.