NYSE:IHC - Independence Stock Price, Price Target & More

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$35.15 -0.05 (-0.14 %)
(As of 06/22/2018 04:00 PM ET)
Previous Close$35.15
Today's Range$35.05 - $35.60
52-Week Range$19.90 - $39.85
Volume125,878 shs
Average Volume15,377 shs
Market Capitalization$523.16 million
P/E Ratio10.23
Dividend Yield0.85%
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


Debt-to-Equity RatioN/A
Current Ratio0.71
Quick Ratio0.71


Trailing P/E Ratio10.23
Forward P/E RatioN/A
P/E GrowthN/A

Sales & Book Value

Annual Sales$320.49 million
Price / Sales1.63
Cash Flow$3.6088 per share
Price / Cash9.74
Book Value$29.22 per share
Price / Book1.20


EPS (Most Recent Fiscal Year)N/A
Net Income$42.04 million
Net Margins13.08%
Return on Equity12.49%
Return on Assets5.13%


Outstanding Shares14,860,000

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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 declared a Semi-Annual dividend on Wednesday, May 16th. Stockholders of record on Tuesday, May 29th will be paid a dividend of $0.15 per share on Monday, June 18th. This represents a dividend yield of 0.81%. The ex-dividend date of this dividend is Friday, May 25th. This is an increase from Independence's previous Semi-Annual dividend of $0.10. View Independence's Dividend History.

How will Independence's stock buyback program work?

Independence declared that its Board of Directors has authorized a stock buyback program on Sunday, June 4th 2017, which authorizes the company to repurchase 2,790,000 shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's leadership believes its shares are undervalued.

How were Independence's earnings last quarter?

Independence Holding (NYSE:IHC) released its earnings results on Wednesday, May, 9th. The financial services provider reported $0.46 earnings per share for the quarter. The financial services provider earned $88.30 million during the quarter. Independence had a net margin of 13.08% and a return on equity of 12.49%. View Independence's Earnings History.

When is Independence's next earnings date?

Independence is scheduled to release their next quarterly earnings announcement on Wednesday, August, 8th 2018. View Earnings Estimates for Independence.

Who are some of Independence's key competitors?

Who are Independence's key executives?

Independence's management team includes the folowing people:
  • Mr. Roy T. K. Thung, Chairman & CEO (Age 74)
  • Mr. David Thomas Kettig, Pres, Acting Gen. Counsel, COO & Director (Age 59)
  • Ms. Teresa Ellen Akshar Herbert, Sr. VP, CFO & Director (Age 56)
  • Mr. Gary John Balzofiore, Corp. VP of Accounting & Fin. (Age 60)
  • Mr. Larry Raymond Graber, Sr. VP, Chief Life & Annuity Actuary and Director (Age 68)

Has Independence been receiving favorable news coverage?

Media coverage about IHC stock has trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Independence earned a media sentiment score of 0.07 on Accern's scale. They also gave media coverage about the financial services provider an impact score of 45.49 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company's share price in the immediate future.

Who are Independence's major shareholders?

Independence's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Arnhold LLC (3.45%), BlackRock Inc. (2.10%), TCW Group Inc. (1.92%), Dimensional Fund Advisors LP (1.06%), First Eagle Investment Management LLC (0.74%) and Cannell Capital LLC (0.37%). 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 First Eagle Investment Management LLC, Royal Bank of Canada and BlackRock Inc.. View Insider Buying and Selling for Independence.

Which major investors are buying Independence stock?

IHC stock was acquired by a variety of institutional investors in the last quarter, including Arnhold LLC, Seizert Capital Partners LLC, Dimensional Fund Advisors LP, Cannell Capital LLC, TCW Group Inc. and Mackay Shields 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 $35.15.

How big of a company is Independence?

Independence has a market capitalization of $523.16 million and generates $320.49 million in revenue each year. Independence employs 350 workers across the globe.

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 (IHC)

Community Ranking:  2.6 out of 5 (star star)
Outperform Votes:  62 (Vote Outperform)
Underperform Votes:  56 (Vote Underperform)
Total Votes:  118
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 6/23/2018 by MarketBeat.com Staff

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