About Independence (NYSE:IHC)
Independence Holding Company (IHC) is a holding company principally engaged in the life and health insurance business. The Company's segments include Medical Stop-Loss; Fully Insured Health; Group disability, life and DBL; Individual life, annuities and other, and Corporate. The Company is a writer across the nation of excess or stop-loss insurance for self-insured employer groups that desire to manage the risk of large medical claims (Medical Stop-Loss). The Fully Insured Health segment includes various categories, such as ancillary benefits, including dental, vision, short-term medical (STM), supplemental products (including fixed indemnity limited benefit, critical illness, and hospital indemnity); pet insurance, and non-subscriber occupational accident. The Group Disability segment comprises long term disability (LTD) and disability benefits law (DBL). It provides specialized disability, and health coverage and related services to commercial customers and individuals.
Industry, Sector and Symbol
Sub-IndustryLife & Health Insurance
Trailing P/E Ratio10.09
Forward P/E RatioN/A
Sales & Book Value
Annual Sales$320.49 million
Price / Sales1.53
Cash Flow$0.86 per share
Price / Cash38.46
Book Value$25.74 per share
Price / Book1.28
Net Income$42.04 million
Return on Equity12.19%
Return on Assets4.93%
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 semiannual dividend on Thursday, December 21st. Investors of record on Tuesday, January 2nd will be given a dividend of $0.10 per share on Tuesday, January 16th. This represents a dividend yield of 0.7%. The ex-dividend date is Friday, December 29th. This is a positive change from Independence's previous semiannual dividend of $0.06. View Independence's Dividend History.
How will Independence's stock buyback program work?
Independence announced that its Board of Directors has initiated a share buyback program on Sunday, June 4th 2017, which authorizes the company to buyback 2,790,000 shares, according to EventVestor. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board of directors believes its stock is undervalued.
How were Independence's earnings last quarter?
Independence Holding (NYSE:IHC) announced its quarterly earnings results on Friday, March, 16th. The financial services provider reported $1.78 earnings per share (EPS) for the quarter. The financial services provider had revenue of $82.67 million for the quarter. Independence had a net margin of 13.12% and a return on equity of 12.19%. View Independence's Earnings History.
When will Independence make its next earnings announcement?
Who are some of Independence's key competitors?
Some companies that are related to Independence include Stewart Information Services (STC), Trupanion (TRUP), United Insurance (UIHC), MBIA (MBI), Ambac Financial Group (AMBC), AA (AATDF), Greenlight Capital Re (GLRE), EMC Insurance Group (EMCI), Maiden (MHLD), Global Indemnity (GBLI), Health Insurance Innovations (HIIQ), Heritage Insurance (HRTG), Donegal Group (DGICA), HCI Group (HCI), Investors Title (ITIC), eHealth (EHTH), Federated National (FNHC) and Kingstone Companies (KINS).
Who are Independence's key executives?
Independence's management team includes the folowing people:
- Roy T. K. Thung, Chairman of the Board, Chief Executive Officer (Age 72)
- David T. Kettig, President, Chief Operating Officer, Acting General Counsel, Director (Age 58)
- Steven B. Lapin, Vice Chairman of the Board (Age 72)
- Teresa A. Herbert, Chief Financial Officer, Senior Vice President, Director (Age 54)
- Larry R. Graber, Senior Vice President, Chief Life and Annuity Actuary, Director (Age 66)
- Allan C. Kirkman, Independent Director (Age 72)
- John L. Lahey, Independent Director (Age 69)
- Ronald I. Simon, Independent Director (Age 78)
- James G. Tatum, Independent Director (Age 74)
Has Independence been receiving favorable news coverage?
Media headlines about IHC stock have been trending somewhat positive on Monday, according to Accern. The research group rates the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Independence earned a news impact score of 0.19 on Accern's scale. They also gave news stories about the financial services provider an impact score of 46.91 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company's share price in the immediate future.
Who are Independence's major shareholders?
Independence's stock is owned by a number of of institutional and retail investors. Top institutional investors include BlackRock Inc. (2.12%), TCW Group Inc. (1.86%), Royce & Associates LP (1.74%), TIAA CREF Investment Management LLC (0.22%), Bank of New York Mellon Corp (0.20%) and Renaissance Technologies LLC (0.18%). 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 Royce & Associates LP, Renaissance Technologies LLC, BlackRock Inc., Goldman Sachs Group Inc. and Bank of New York Mellon Corp. 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 TIAA CREF Investment Management LLC, TCW Group Inc., Strs Ohio and Cornerstone Capital Management Holdings 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 $33.00.
How big of a company is Independence?
Independence has a market capitalization of $490.46 million and generates $320.49 million in revenue each year. The financial services provider earns $42.04 million in net income (profit) each year or $2.65 on an earnings per share basis. Independence employs 270 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)MarketBeat's community ratings are surveys of what our community members think about Independence and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Independence (NYSE:IHC) Analyst Ratings History
No equities research coverage for this company has been tracked by MarketBeat
Independence (NYSE:IHC) Earnings History and Estimates Chart
Independence (NYSE IHC) Earnings History by Quarter
(Earnings results data provided by Zacks Investment Research)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|3/16/2018||Q4 2017||$1.78||$82.67 million||View||N/A|
|11/9/2017||Q3 2017||$0.34||$83.75 million||View||N/A|
|8/9/2017||Q2 2017||$0.86||$82.24 million||View||N/A|
|6/16/2017||Q1 2017||$0.29||$71.84 million||View||N/A|
|5/22/2017||Q4 2016||$0.44||$78.87 million||View||N/A|
|11/9/2016||Q3 2016||$0.25||$78.54 million||View||N/A|
|8/15/2016||Q2 2016||$0.25||$77.70 million||View||N/A|
|8/1/2016||Q1 2016||$0.33||$75.90 million||View||N/A|
|11/9/2015||Q3 2015||$0.50||$140.42 million||View||N/A|
|8/6/2015||Q2 2015||$0.29||$133.11 million||View||N/A|
|5/7/2015||Q1 2015||$0.30||$134.27 million||View||N/A|
|3/10/2015||Q414||$0.23||$143.62 million||$127.09 million||View||N/A|
|11/6/2014||Q3 2014||$0.27||$129.75 million||View||N/A|
|8/7/2014||Q2 2014||$0.22||$136.02 million||View||N/A|
|5/8/2014||Q1 2014||$0.21||$141.07 million||View||N/A|
|11/6/2013||Q3 2013||$0.21||$141.64 million||View||N/A|
|8/7/2013||Q2 2013||$0.21||$151.90 million||View||N/A|
|5/8/2013||Q1 2013||$0.26||$137.88 million||View||N/A|
|11/8/2012||Q312||$0.22||$103.66 million||$111.50 million||View||N/A|
Independence (NYSE:IHC) Earnings Estimates
No earnings estimates for this company have been tracked by MarketBeat.com
Independence (NYSE:IHC) Dividend Information
|Most Recent Dividend:||1/16/2018|
|Dividend Growth:||19.70% (3 Year Average)|
|Payout Ratio:||7.55% (Trailing 12 Months of Earnings) |
|Track Record:||6 Years of Consecutive Dividend Growth|
Independence (NYSE:IHC) Dividend History by Quarter
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Independence (NYSE IHC) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 8.00%
Institutional Ownership Percentage: 17.79%
Independence (NYSE IHC) Insider Trades by Quarter
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Shares Held After Transaction||Details|
|5/13/2014||Adam C Vandervoort||VP||Buy||1,690||$13.47||$22,764.30|| |
|6/11/2013||James G Tatum||Director||Sell||1,489||$11.49||$17,108.61|| |
|6/4/2013||James G Tatum||Director||Sell||1,598||$11.75||$18,776.50|| |
|5/10/2013||Michael Kemp||SVP||Buy||1,500||$10.35||$15,525.00|| |
|5/10/2013||Roy T K Thung||CEO||Buy||1,000||$10.49||$10,490.00|| |
|11/19/2012||Roy T K Thung||CEO||Buy||1,000||$8.81||$8,810.00|| |
|11/16/2012||Roy T K Thung||CEO||Buy||1,000||$8.54||$8,540.00|| |
|11/12/2012||Michael Kemp||SVP||Buy||2,000||$7.86||$15,720.00|| |
|8/24/2012||Michael Kemp||SVP||Buy||1,000||$9.84||$9,840.00|| |
|8/14/2012||Michael Kemp||SVP||Buy||1,000||$10.00||$10,000.00|| |
Independence (NYSE IHC) News Headlines
|Royce & Associates LP Has $7.12 Million Stake in Independence Holding (IHC)|
www.americanbankingnews.com - February 28 at 9:42 AM
|Ex-Catalan leader Mas quits as pro-independence party chief|
abcnews.go.com - January 9 at 4:17 PM
|Independence Holding Co. : IHC-US: Dividend Analysis : January 02nd, 2018 (record date) : By the numbers : January 2, 2018|
finance.yahoo.com - January 2 at 10:32 AM
|Independence Holding Co. breached its 50 day moving average in a Bearish Manner : IHC-US : December 25, 2017|
finance.yahoo.com - December 25 at 5:21 PM
|Independence Holding Company (IHC) Announces Semiannual Dividend of $0.10|
www.americanbankingnews.com - December 21 at 6:02 PM
|Independence Holding Company Announces a 67% Increase in Semi-Annual Cash Dividend|
finance.yahoo.com - December 21 at 10:42 AM
|Independence Holding Co. breached its 50 day moving average in a Bearish Manner : IHC-US : December 11, 2017|
finance.yahoo.com - December 11 at 11:23 AM
|ETFs with exposure to Independence Holding Co. : December 5, 2017|
finance.yahoo.com - December 5 at 4:12 PM
|Independence Holding Co. :IHC-US: Earnings Analysis: Q3, 2017 By the Numbers : December 4, 2017|
finance.yahoo.com - December 4 at 10:46 AM
|Independence Holding Company Announces 2017 Third-Quarter and Nine-Month Results|
finance.yahoo.com - November 11 at 11:41 AM
|Independence Holding reports Q3 results|
seekingalpha.com - November 9 at 5:25 PM
|Iraqi Kurds’ Independence Vote Exposed Risks to Energy Strategy|
www.nytimes.com - November 4 at 2:02 AM
|Independence Holding Company (IHC) Scheduled to Post Earnings on Tuesday|
www.americanbankingnews.com - October 31 at 8:36 AM
|The IHC Group Partners with Wellthie, A Leading Insurtech Marketplace Platform to Offer Group Benefits|
www.streetinsider.com - October 26 at 1:08 PM
|The IHC Group Announces Partnership with eHealth, Inc. to Bring Health Insurance Shoppers Affordable Alternatives for the Affordable Care Act’s 2018 Open Enrollment Period|
finance.yahoo.com - October 23 at 7:29 PM
|ETFs with exposure to Independence Holding Co. : October 17, 2017|
finance.yahoo.com - October 18 at 12:57 AM
|BRIEF-Independence Holding says evaluating underwriting opportunities from expected expansion of association health plans|
www.reuters.com - October 13 at 1:19 AM
|Spain: No dialogue until Catalonia drops independence bid|
abcnews.go.com - October 6 at 8:24 PM
|Catalonia Government Declares Overwhelming Vote for Independence|
www.nytimes.com - October 6 at 8:24 PM
|Dialogue with Catalonia ‘broken’ until independence bid dropped, Spain says|
www.foxnews.com - October 6 at 8:24 PM
|Former Catalan leader says region not ready for ‘real independence’|
www.ft.com - October 6 at 8:24 PM
|Catalan parliament defies Madrid pressure, works on independence declaration|
www.reuters.com - October 6 at 8:24 PM
|ETFs with exposure to Independence Holding Co. : October 5, 2017|
finance.yahoo.com - October 5 at 9:45 PM
|Las Vegas shooting attack kills at least 58, more than 500 people injured|
www.msn.com - October 2 at 1:15 PM
|Stocks With Rising Relative Strength: Metlife|
finance.yahoo.com - October 2 at 1:15 PM
|Brent oil holds highest level since July 2015|
www.ft.com - September 28 at 8:50 PM
|ETFs with exposure to Independence Holding Co. : September 25, 2017|
finance.yahoo.com - September 25 at 6:22 PM
|Independence Holding Co. :IHC-US: Earnings Analysis: Q2, 2017 By the Numbers : September 22, 2017|
finance.yahoo.com - September 22 at 2:02 PM
|Police arrests Catalan official amid referendum crackdown|
abcnews.go.com - September 20 at 4:10 PM
|UPDATE 1-Russia's Rosneft clinches gas pipeline deal with Iraq's Kurdistan|
www.businessinsider.com - September 20 at 12:57 AM
|Rosneft nears major gas pipeline deal with Kurdistan|
seekingalpha.com - September 19 at 12:20 AM
|The IHC Group Unveils Fusion: The Innovative, First-to-Market Health Plan for Consumers Integrating Fixed-Indemnity Benefit and Short-Term Medical Plans|
finance.yahoo.com - September 6 at 7:46 PM
|Independence Holding Co. – Value Analysis (NYSE:IHC) : August 30, 2017|
finance.yahoo.com - August 30 at 1:06 AM
|Independence Holding Co. : IHC-US: Dividend Analysis : July 17th, 2017 (record date) : By the numbers : August 24, 2017|
finance.yahoo.com - August 25 at 6:58 AM
|Independence Holding Co. breached its 50 day moving average in a Bearish Manner : IHC-US : August 22, 2017|
finance.yahoo.com - August 22 at 8:12 PM
|Independence Holding Company Announces 2017 Second-Quarter and Six-Month Results|
finance.yahoo.com - August 9 at 8:04 PM
|Independence Holding posts 2Q profit|
finance.yahoo.com - August 9 at 8:04 PM
|Independence Holding Company Announces Semiannual Dividend of $0.06 (NYSE:IHC)|
www.americanbankingnews.com - July 6 at 5:00 PM
|BRIEF-Independence Holding Co commences tender offer to repurchase up to 2 mln shares at $20.00/share|
www.reuters.com - May 27 at 4:36 AM
|Independence Holding (IHC) Commences Tender Offer to Repurchase 2M Shares of Common Stock|
www.streetinsider.com - May 27 at 4:36 AM
|BRIEF-Independence Holding to commence tender offer to repurchase up to 2,000,000 shares|
www.reuters.com - May 24 at 5:46 PM
|The Global Governance Landscape: How Will It Affect Your Company?|
www.forbes.com - May 11 at 11:30 PM
|Independence Holding (IHC) Repurchases 170K Shares in Private Transaction|
www.streetinsider.com - March 23 at 4:04 AM
|PRO Weekly Digest: Looking At Rate-Sensitive Financial Companies|
seekingalpha.com - March 21 at 5:50 PM
|BRIEF-INDEPENDENCE HOLDING COMPANY REPURCHASES SHARES IN PRIVATE TRANSACTION|
www.reuters.com - February 3 at 4:36 AM
|BRIEF-Independence Holding says repurchased 290,000 shares for $5.8 mln|
www.reuters.com - January 30 at 10:50 AM
|Health eDeals Open for Regional Sales Representative and Leadership Roles in FL, NC, VA, PA|
www.streetinsider.com - January 1 at 10:12 AM
|Health eDeals Expands Opportunities in AZ, NV, NM, MO for Sales Representative and Leadership Roles|
www.streetinsider.com - December 31 at 5:47 PM
|A.M. Best Affirms Credit Ratings of Independence Holding Company and Its Subsidiaries|
uk.finance.yahoo.com - December 22 at 6:09 PM
|Ebix: Growth/Upside In 2017|
seekingalpha.com - December 6 at 3:38 PM
Independence (NYSE:IHC) SEC Filings
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Independence (NYSE:IHC) Income Statement, Balance Sheet and Cash Flow Statement
Independence (NYSE IHC) Stock Chart for Monday, March, 19, 2018