Aetna’s board of directors on Friday authorized the company to repurchase an additional $750 million in shares of common stock.
The authorization is in addition to $750 million approved for share buybacks in February, and $505 million on Dec. 31, 2012. Between the start of the year and Sept. 20, the company repurchased $929 million in company stock.
Aetna had 372.1 million shares outstanding Friday. The company’s stock price was $64.48, down 30 cents on Friday.