| Aetna Authorized to Buy Back $1 Billion in Stock |
| News - Financial News |
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Aetna Aetna, the No. 3 U.S. health insurer with a market value of about $11.5 billion, said it intends to continue buying shares in the open market from time to time. Its shares rose 1.2 percent to $27.83 on the New York Stock Exchange. Earlier this week, Aetna posted better-than-expected second-quarter profit and raised its 2010 outlook. However, its shares fell after the report as it failed to provide investors with a clear view on profits in 2011 as they wait for details on the country's healthcare reform. 
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