Hartford health insurer Aetna Inc. plans to buy an extra $750 million on its common stock on the open market from time to time, authorities say.
Aetna said that is on top of an approximately $248 million repurchase authority its board previously granted.
Buying back stock is a way for companies like Aetna to curb the number of shares circulating on the open market, thereby potentially rewarding stockholders by boosting the value of their holdings.
