Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Life Health > Health Insurance

Health Net Adds To Buyback Fund

X
Your article was successfully shared with the contacts you provided.

A managed care company says it has set aside more cash for investing in its own shares.

Health Net Inc., Woodland Hills, Calif., says its board has approved spending up to $250 million more on buying back shares of Health Net common stock.

The move would increase the total amount available for buying back shares to $346 million, the company says.

Health Net started its share repurchase program in May 2002 with an initial authorization of $250 million.

About a year ago, Health Net increased the size of the stock repurchase program to $450 million.

Health Net estimates it has spent a total of about $1 billion on buying back stock over the past 5 years.


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.