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

Assurant To Buy Back Stock

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

Assurant Inc. says it plans to spend $400 million to repurchase up to 7% of its outstanding common shares.[@@]

Assurant, New York, the parent of a health insurance company based in Milwaukee and an employee benefits company based in Kansas City, Mo., says it already has spent $400 million to buy back common stock since August 2004.

The company’s board recently voted to set aside another $400 million for a new share repurchase program.

The company now has about 133 million shares of common stock on the market. In recent weeks, Assurant shares have been selling for more than $40 each.


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.