Health insurer Humana Inc. said Friday its board has renewed for two more years a share repurchase authorization set to expire this month.
The authorization allows for the use of up to $250 million to repurchase shares. It is now effective until Dec. 31, 2011. Humana said in a statement shares may be repurchased from time to time at prevailing prices in the open market, by block purchases, or in privately negotiated transactions.
The insurer had about 170 million shares outstanding as of Sept. 30.
Humana also said Friday its 2010 annual meeting will be held April 20 at company headquarters in Louisville, Ky.