Aetna Board Authorizes $750 Million In Share Buybacks

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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.

About Matthew Sturdevant

Full-time staff journalist at The Hartford Courant and magazine freelancer with a master's degree in writing from Dartmouth. My work has appeared in The Los Angeles Times, The Chicago Tribune, Taiwan News, The Baltimore Sun and many other news sources. My blog has been referenced by Politico.com, the Kaiser Family Foundation, the Georgetown Law Library and a number of organizations in healthcare and business. Sturdevant’s blog is "a well-written wealth of ideas," said The Donald W. Reynolds National Center for Business Journalism, (businessjournalism.org, May 18, 2011). I have experience writing for newspapers, magazines, Web sites and blogs as well as shooting and editing video. I made regular appearances on news-talk radio and on the NBC affiliate station in Corpus Christi, Texas. I made occasional appearances on the Fox affiliate in Connecticut promoting Hartford Courant articles.

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