News Headlines Article

WellPoint, UnitedHealth Repurchases Concern Investors
San Francisco Chronicle

WellPoint Inc. and competing U.S. health insurers approved $10 billion in stock repurchases in the past year, a concern to investors who say buybacks failed to increase share prices and who want more spent on dividends.

The companies seek to boost stocks hurt by the health-care law Congress passed in March as low interest rates for cash investments limit their options, said Brian Wright, a Collins Stewart LLC analyst.