NYSE:IHC - Independence Stock Price, News, & Analysis

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$37.25 -0.74 (-1.95 %)
(As of 03/25/2019 12:28 PM ET)
Previous Close$37.99
Today's Range$37.0201 - $37.50
52-Week Range$32.80 - $41.04
Volume7,726 shs
Average Volume7,249 shs
Market Capitalization$551.67 million
P/E Ratio19.71
Dividend Yield0.81%
Beta0.25
Independence Holding Company, through its subsidiaries, engages in life and health insurance business. The company's dental portfolio includes indemnity and PPO plans for employer groups of two or more lives, and for individuals within affinity groups; vision plans that offer a flat reimbursement amount for exams and materials; and short-term medical products for people with temporary needs for health coverage. It also provides supplemental products, including hospital indemnity, fixed indemnity limited benefit, critical illness, accident medical coverage, and life insurance products to individuals and families; and pet insurance and occupational accident insurance products. In addition, the company offers group long-term and short-term disability products to employers that provide benefit to their employees; New York short-term disability plan that offers temporary cash payments to replace wages lost; and group term life products, such as group term life, accidental death and dismemberment (AD&D), supplemental life and AD&D, and dependent life products. Independence Holding Company markets its products through independent and affiliated brokers, producers, and agents in 50 states of the United States, the District of Columbia, the Virgin Islands, and Puerto Rico. The company was founded in 1980 and is headquartered in Stamford, Connecticut. Independence Holding Company is a subsidiary of Geneve Holdings, Inc.

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Industry, Sector and Symbol

Industry Life insurance
Sub-IndustryLife & Health Insurance
SectorFinance
CUSIP45344030
Phone203-358-8000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$350.77 million
Cash Flow$2.1822 per share
Book Value$30.49 per share

Profitability

Net Income$28.48 million

Miscellaneous

Employees400
Market Cap$551.67 million
Next Earnings Date5/8/2019 (Estimated)
OptionableNot Optionable

Independence (NYSE:IHC) Frequently Asked Questions

What is Independence's stock symbol?

Independence trades on the New York Stock Exchange (NYSE) under the ticker symbol "IHC."

How often does Independence pay dividends? What is the dividend yield for Independence?

Independence announced a semiannual dividend on Tuesday, March 19th. Shareholders of record on Friday, June 21st will be paid a dividend of $0.20 per share on Friday, July 5th. This represents a yield of 1.01%. The ex-dividend date of this dividend is Thursday, June 20th. This is an increase from Independence's previous semiannual dividend of $0.15. View Independence's Dividend History.

How will Independence's stock buyback program work?

Independence announced that its Board of Directors has authorized a stock buyback plan on Sunday, June 4th 2017, which allows the company to repurchase 2,790,000 shares, according to EventVestor. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company's management believes its shares are undervalued.

How were Independence's earnings last quarter?

Independence Holding (NYSE:IHC) issued its quarterly earnings data on Monday, June, 6th. The financial services provider reported $0.28 EPS for the quarter. The financial services provider had revenue of $125.10 million for the quarter. Independence had a net margin of 8.12% and a return on equity of 6.44%. View Independence's Earnings History.

When is Independence's next earnings date?

Independence is scheduled to release their next quarterly earnings announcement on Wednesday, May 8th 2019. View Earnings Estimates for Independence.

Has Independence been receiving favorable news coverage?

News coverage about IHC stock has trended positive recently, according to InfoTrie Sentiment. The research group identifies negative and positive media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Independence earned a daily sentiment score of 3.0 on InfoTrie's scale. They also gave news headlines about the financial services provider a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the company's share price in the near future.

Who are some of Independence's key competitors?

What other stocks do shareholders of Independence own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Independence investors own include Ionis Pharmaceuticals (IONS), Capital City Bank Group (CCBG), Bed Bath & Beyond (BBBY), WD-40 (WDFC), Activision Blizzard (ATVI), AbbVie (ABBV), Twitter (TWTR), BlackBerry (BB), Micron Technology (MU) and Aqua Metals (AQMS).

Who are Independence's key executives?

Independence's management team includes the folowing people:
  • Mr. Roy Tjay Kiang Thung, Chairman, CEO & Pres (Age 75)
  • Ms. Teresa Ellen Akshar Herbert, Sr. VP, CFO & Director (Age 57)
  • Mr. David Thomas Kettig, Exec. VP, COO & Director (Age 60)
  • Mr. Gary John Balzofiore, Corp. VP of Accounting & Fin. (Age 61)
  • Mr. Larry Raymond Graber, Sr. VP, Chief Life & Annuity Actuary and Director (Age 69)

Who are Independence's major shareholders?

Independence's stock is owned by a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (1.76%), Dimensional Fund Advisors LP (1.51%), Dimensional Fund Advisors LP (1.51%), Cannell Capital LLC (0.99%), Geode Capital Management LLC (0.50%) and Geode Capital Management LLC (0.50%). View Institutional Ownership Trends for Independence.

Which major investors are selling Independence stock?

IHC stock was sold by a variety of institutional investors in the last quarter, including Millennium Management LLC, Strs Ohio, Northern Trust Corp, Meeder Asset Management Inc. and Advisor Group Inc.. View Insider Buying and Selling for Independence.

Which major investors are buying Independence stock?

IHC stock was purchased by a variety of institutional investors in the last quarter, including Dimensional Fund Advisors LP, Dimensional Fund Advisors LP, Cannell Capital LLC, Bank of New York Mellon Corp, BlackRock Inc., Nkcfo LLC, Geode Capital Management LLC and Geode Capital Management LLC. View Insider Buying and Selling for Independence.

How do I buy shares of Independence?

Shares of IHC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Independence's stock price today?

One share of IHC stock can currently be purchased for approximately $37.25.

How big of a company is Independence?

Independence has a market capitalization of $551.67 million and generates $350.77 million in revenue each year. Independence employs 400 workers across the globe.

What is Independence's official website?

The official website for Independence is http://www.ihcgroup.com.

How can I contact Independence?

Independence's mailing address is 96 CUMMINGS POINT ROAD, STAMFORD CT, 06902. The financial services provider can be reached via phone at 203-358-8000 or via email at [email protected]


MarketBeat Community Rating for Independence (NYSE IHC)

Community Ranking:  2.7 out of 5 (star star)
Outperform Votes:  82 (Vote Outperform)
Underperform Votes:  71 (Vote Underperform)
Total Votes:  153
MarketBeat's community ratings are surveys of what our community members think about Independence and other stocks. Vote "Outperform" if you believe IHC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe IHC will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/25/2019 by MarketBeat.com Staff

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