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Biggest Stock Buybacks in 2012

Johnson & Johnson headquarters in New Brunswick, New Jersey
Emile Wamsteker | Bloomberg | Getty Images
Johnson & Johnson headquarters in New Brunswick, New Jersey

Sixty companies in the S&P 500 announced share buyback programs worth at least $1 billion so far this year. Within the group, the biggest buying back came from Johnson & Johnson, repurchasing $12.9 billion worth of stock.

American International Group is also high on the list as the U.S. Treasury sold its remaining stake in the company last week, booking a total profit of about $23 billion.

Shares of the insurance company are up 53 percent in 2012, significantly outperforming the overall market, which is up 15 percent. In fact, of the 15 companies that have bought back stock at the fastest pace, only one is down for the year: International Game Technology.

Biggest Stock Buybacks in 2012 (All Values in USD Millions)

Announc. Ticker Company Status Transaction Clompleted % of Total Stock YTD
12-Jun JNJ Johnson & Johnson Closed $12852 $12852 100% 8%
6-Sep AIG American Intl. Group Closed $5000 $5000 100% 53%
6-Aug AIG American Intl. Group Closed $3000 $3000 100% 53%
6-Mar AIG American Intl. Group Closed $3000 $3000 100% 53%
21-Feb WYNN Wynn Resorts Closed $1936 $1936 100% 3%
26-Jan STX Seagate Technology Closed $1000 $1000 100% 79%
26-Jan CB Chubb Corp. Announced $1200 $843 70% 11%
14-Jun KR Kroger Expired $1000 $699 70% 10%
14-Jun STT State Street Announced $1800 $960 53% 17%
31-Jan SYMC Symantec Announced $1000 $515 52% 20%
13-Mar BK Bank of New York Mellon Announced $1160 $574 49% 31%
16-Feb DTV DIRECTV Class A Announced $6000 $2904 48% 21%
23-Feb GPS Gap Announced $1000 $462 46% 73%
1-Feb MPC Marathon Petroleum Announced $2000 $850 43% 89%
31-May FLS Flowserve Announced $1000 $416 42% 46%
14-Jun IGT Intl. Game Technology Announced $1000 $400 40% -15%
13-Mar DFS Discover Financial Services Announced $2000 $797 40% 69%
Source: CNBC Analytics and S&P Capital IQ

The largest announcement this year belongs to Philip Morris International, planning to repurchase up to $18 billion worth of stock in the next three years. So far in 2012, however, the company has bought back only 5 percent of that amount.

Symbol
Price
 
Change
%Change
S&P 500
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JNJ
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AIG
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IGT
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PM
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