Health Net Announces Repurchased Shares

Health Net Inc. repurchased 1.2 million shares of its common stock in January through its $300 million stock repurchase program, the Woodland Hills-based insurer announced. The company repurchased the shares for $34.3 million. As of Jan. 31, about $115.5 million remained available for repurchase under the program. Subject to approval of the Health Net’s board of directors, the company may repurchase its common stock under the program from time to time in privately negotiated transactions, through accelerated share repurchase programs or open market transactions, or by a combination of the methods. Jessica Vernabe