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

$37.85 -0.65 (-1.69 %)
(As of 04/23/2018 06:00 AM ET)
Previous Close$37.85
Today's Range$37.70 - $38.40
52-Week Range$17.25 - $39.85
Volume9,946 shs
Average Volume10,599 shs
Market Capitalization$562.54 million
P/E Ratio11.57
Dividend Yield0.53%
Beta0.19

About Independence (NYSE:IHC)

Independence Holding Company, through its subsidiaries, engages in life and health insurance business in the District of Columbia, the Virgin Islands, and Puerto Rico. 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; group term life products, such as group term life, accidental death and dismemberment (AD&D), supplemental life and AD&D, and dependent life products; and reinsurance products. It markets its products through independent and affiliated brokers, producers, and agents. 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
SymbolNYSE:IHC
CUSIP45344030
Phone203-358-8000

Debt

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

Price-To-Earnings

Trailing P/E Ratio11.57
Forward P/E RatioN/A
P/E GrowthN/A

Sales & Book Value

Annual Sales$320.49 million
Price / Sales1.75
Cash Flow$3.6116 per share
Price / Cash10.48
Book Value$29.22 per share
Price / Book1.30

Profitability

EPS (Most Recent Fiscal Year)N/A
Net Income$42.04 million
Net Margins13.12%
Return on Equity12.07%
Return on Assets4.93%

Miscellaneous

Employees350
Outstanding Shares14,860,000

How to Become a New Pot Stock Millionaire

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. Shareholders of record on Tuesday, January 2nd will be paid a dividend of $0.10 per share on Tuesday, January 16th. This represents a yield of 0.7%. The ex-dividend date of this dividend is Friday, December 29th. This is a boost 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 has initiated a stock repurchase program on Sunday, June 4th 2017, which allows the company to repurchase 2,790,000 outstanding shares, according to EventVestor. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company's leadership believes its shares are undervalued.

How were Independence's earnings last quarter?

Independence Holding (NYSE:IHC) posted its earnings results on Friday, March, 16th. The financial services provider reported $1.78 earnings per share for the quarter. The financial services provider earned $82.67 million during the quarter. Independence had a return on equity of 12.07% and a net margin of 13.12%. View Independence's Earnings History.

When is Independence's next earnings date?

Independence is scheduled to release their next quarterly earnings announcement on Friday, June, 15th 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 T. Kettig, Pres, COO, Acting Gen. Counsel & Director (Age 59)
  • Ms. Teresa A. Herbert, CFO, Sr. VP & Director (Age 56)
  • Mr. Gary J. Balzofiore, Corp. VP of Accounting & Fin. (Age 60)
  • Mr. Larry R. Graber, Chief Life & Annuity Actuary, Sr. VP and Director (Age 68)

Has Independence been receiving favorable news coverage?

Media stories about IHC stock have trended somewhat positive recently, according to Accern. The research group identifies negative and positive media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Independence earned a media sentiment score of 0.18 on Accern's scale. They also assigned press coverage about the financial services provider an impact score of 45.93 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the near future.

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 $37.85.

How big of a company is Independence?

Independence has a market capitalization of $562.54 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:  2.5 out of 5 (star star half star)
Outperform Votes:  57 (Vote Outperform)
Underperform Votes:  55 (Vote Underperform)
Total Votes:  112
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.

Analyst Ratings

Independence (NYSE:IHC) Analyst Ratings History

DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
(Data available from 4/23/2016 forward)

Earnings

Independence (NYSE:IHC) Earnings History and Estimates Chart

Earnings by Quarter for Independence (NYSE:IHC)

Independence (NYSE IHC) Earnings History by Quarter

DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
6/14/2018N/AView Earnings Details
3/16/2018Q4 2017$1.78$82.67 millionViewN/AView Earnings Details
11/9/2017Q3 2017$0.34$83.75 millionViewN/AView Earnings Details
8/9/2017Q2 2017$0.86$82.24 millionViewN/AView Earnings Details
6/16/2017Q1 2017$0.29$71.84 millionViewN/AView Earnings Details
5/22/2017Q4 2016$0.44$78.87 millionViewN/AView Earnings Details
11/9/2016Q3 2016$0.25$78.54 millionViewN/AView Earnings Details
8/15/2016Q2 2016$0.25$77.70 millionViewN/AView Earnings Details
8/1/2016Q1 2016$0.33$75.90 millionViewN/AView Earnings Details
6/6/2016Q415$0.28$125.10 millionViewN/AView Earnings Details
11/9/2015Q3 2015$0.50$140.42 millionViewN/AView Earnings Details
8/6/2015Q2 2015$0.29$133.11 millionViewN/AView Earnings Details
5/7/2015Q1 2015$0.30$134.27 millionViewN/AView Earnings Details
3/10/2015Q414$0.23$143.62 million$127.09 millionViewN/AView Earnings Details
11/6/2014Q3 2014$0.27$129.75 millionViewN/AView Earnings Details
8/7/2014Q2 2014$0.22$136.02 millionViewN/AView Earnings Details
5/8/2014Q1 2014$0.21$141.07 millionViewN/AView Earnings Details
3/13/2014Q413$0.10$143.62 millionViewN/AView Earnings Details
11/6/2013Q3 2013$0.21$141.64 millionViewN/AView Earnings Details
8/7/2013Q2 2013$0.21$151.90 millionViewN/AView Earnings Details
5/8/2013Q1 2013$0.26$137.88 millionViewN/AView Earnings Details
3/7/2013Q4 2012$0.42ViewN/AView Earnings Details
11/8/2012Q312$0.22$103.66 million$111.50 millionViewN/AView Earnings Details
8/9/2012Q2 2012$0.15ViewN/AView Earnings Details
5/10/2012Q1 2012$0.18ViewN/AView Earnings Details
3/5/2012Q4 2011$0.17ViewN/AView Earnings Details
11/10/2011Q3 2011$0.17ViewN/AView Earnings Details
8/10/2011Q2 2011$0.11ViewN/AView Earnings Details
5/12/2011Q1 2011$0.21ViewN/AView Earnings Details
3/17/2011Q4 2010$0.07ViewN/AView Earnings Details
11/9/2010Q3 2010$0.12ViewN/AView Earnings Details
8/12/2010Q2 2010$0.09ViewN/AView Earnings Details
5/17/2010Q1 2010$0.02ViewN/AView Earnings Details
3/25/2010Q4 2009$0.13ViewN/AView Earnings Details
11/9/2009Q3 2009$0.11ViewN/AView Earnings Details
8/10/2009Q2 2009$0.07ViewN/AView Earnings Details
5/11/2009Q1 2009$0.14ViewN/AView Earnings Details
3/16/2009Q4 2008$0.07ViewN/AView Earnings Details
11/10/2008Q3 2008$0.09ViewN/AView Earnings Details
8/11/2008Q2 2008$0.18$0.18ViewN/AView Earnings Details
5/19/2008Q1 2008$0.08$0.18ViewN/AView Earnings Details
3/17/2008Q4 2007$0.07$0.05ViewN/AView Earnings Details
(Earnings results data provided by Zacks Investment Research)

Dividends

Independence (NYSE:IHC) Dividend Information

Independence pays an annual dividend of $0.20 per share, with a dividend yield of 0.53%. IHC's most recent semiannual dividend payment was Tuesday, January 16. The company has grown its dividend for the last 6 consecutive years and is increasing its dividend by an average of 19.70% each year.
Most Recent Dividend:1/16/2018
Annual Dividend:$0.20
Dividend Yield:0.53%
Dividend Growth:19.70% (3 Year Average)
Payout Ratio:N/A
Track Record:6 Years of Consecutive Dividend Growth
Dividend Payments by Quarter for Independence (NYSE:IHC)

Independence (NYSE:IHC) Dividend History by Quarter

AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
12/21/2017semiannual$0.100.7%12/29/20171/2/20181/16/2018
7/6/2017semiannual$0.060.56%7/13/20177/17/20177/31/2017
11/30/2016semiannual$0.060.6%12/28/20161/2/20171/17/2017
6/21/2016semiannual$0.04500.52%7/1/20167/6/20167/20/2016
12/23/2015$0.04501/4/20161/6/20161/20/2016
6/23/2015semiannual$0.04500.68%7/1/20157/6/20157/20/2015
12/23/2014semiannual$0.03500.5%1/2/20151/6/20151/20/2015
6/26/2014semiannual$0.03500.5%7/2/20147/7/20147/21/2014
12/30/2013semiannual$0.03500.52%1/2/20141/6/20141/20/2014
12/27/2013$0.03501/2/20141/6/20141/20/2014
6/7/2013semiannual$0.03500.62%6/13/20136/17/20137/1/2013
(Data available from 1/1/2013 forward)

Insider Trades

Independence (NYSE IHC) Insider Trading and Institutional Ownership History

Insider Ownership Percentage: 8.00%
Institutional Ownership Percentage: 17.79%
Insider Trading History for Independence (NYSE:IHC)
Institutional Ownership by Quarter for Independence (NYSE:IHC)

Independence (NYSE IHC) Insider Trading History

Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionShares Held After TransactionDetails
5/13/2014Adam C VandervoortVPBuy1,690$13.47$22,764.30View SEC Filing  
6/11/2013James G TatumDirectorSell1,489$11.49$17,108.61View SEC Filing  
6/4/2013James G TatumDirectorSell1,598$11.75$18,776.50View SEC Filing  
5/10/2013Michael KempSVPBuy1,500$10.35$15,525.00View SEC Filing  
5/10/2013Roy T K ThungCEOBuy1,000$10.49$10,490.00View SEC Filing  
11/19/2012Roy T K ThungCEOBuy1,000$8.81$8,810.00View SEC Filing  
11/16/2012Roy T K ThungCEOBuy1,000$8.54$8,540.00View SEC Filing  
11/12/2012Michael KempSVPBuy2,000$7.86$15,720.00View SEC Filing  
8/24/2012Michael KempSVPBuy1,000$9.84$9,840.00View SEC Filing  
8/14/2012Michael KempSVPBuy1,000$10.00$10,000.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Independence (NYSE IHC) News Headlines

Source:
DateHeadline
Independence Holding Company Announces a 50% Increase in Its Annual Dividend RateIndependence Holding Company Announces a 50% Increase in Its Annual Dividend Rate
finance.yahoo.com - April 17 at 5:39 AM
Independence Holding hikes semi-annual dividend by 50% to $0.15/shareIndependence Holding hikes semi-annual dividend by 50% to $0.15/share
seekingalpha.com - April 16 at 11:09 PM
UPDATE: Independence Holding Company Announces Connect Plus Short-Term MedicalUPDATE: Independence Holding Company Announces Connect Plus Short-Term Medical
globenewswire.com - April 6 at 3:15 PM
Independence Holding Company Announces Connect Plus Short-Term MedicalIndependence Holding Company Announces Connect Plus Short-Term Medical
finance.yahoo.com - April 6 at 5:22 AM
Independence Holding posts 4Q profitIndependence Holding posts 4Q profit
finance.yahoo.com - April 1 at 11:57 AM
Independence (IHC) Upgraded to "Buy" by ValuEngineIndependence (IHC) Upgraded to "Buy" by ValuEngine
www.americanbankingnews.com - March 25 at 5:24 PM
Royce & Associates LP Has $7.12 Million Stake in Independence Holding (IHC)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 chiefEx-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, 2018Independence 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, 2017Independence 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 $0.10Independence 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 DividendIndependence 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, 2017Independence 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, 2017ETFs 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, 2017Independence 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 ResultsIndependence Holding Company Announces 2017 Third-Quarter and Nine-Month Results
finance.yahoo.com - November 11 at 11:41 AM
Independence Holding reports Q3 resultsIndependence Holding reports Q3 results
seekingalpha.com - November 9 at 5:25 PM
Iraqi Kurds’ Independence Vote Exposed Risks to Energy StrategyIraqi 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 TuesdayIndependence 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 BenefitsThe 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 PeriodThe 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, 2017ETFs 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 plansBRIEF-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 bidSpain: No dialogue until Catalonia drops independence bid
abcnews.go.com - October 6 at 8:24 PM
Catalonia Government Declares Overwhelming Vote for IndependenceCatalonia Government Declares Overwhelming Vote for Independence
www.nytimes.com - October 6 at 8:24 PM
Dialogue with Catalonia ‘broken’ until independence bid dropped, Spain saysDialogue 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’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 declarationCatalan 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, 2017ETFs 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 injuredLas 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: MetlifeStocks With Rising Relative Strength: Metlife
finance.yahoo.com - October 2 at 1:15 PM
Brent oil holds highest level since July 2015Brent 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, 2017ETFs 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, 2017Independence 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 crackdownPolice arrests Catalan official amid referendum crackdown
abcnews.go.com - September 20 at 4:10 PM
UPDATE 1-Russias Rosneft clinches gas pipeline deal with Iraqs KurdistanUPDATE 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 KurdistanRosneft 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 PlansThe 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, 2017Independence 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, 2017Independence 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, 2017Independence 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 ResultsIndependence Holding Company Announces 2017 Second-Quarter and Six-Month Results
finance.yahoo.com - August 9 at 8:04 PM
Independence Holding posts 2Q profitIndependence Holding posts 2Q profit
finance.yahoo.com - August 9 at 8:04 PM
Independence Holding Company Announces Semiannual Dividend of $0.06 (NYSE:IHC)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/shareBRIEF-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 StockIndependence 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 sharesBRIEF-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?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 TransactionIndependence 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 CompaniesPRO Weekly Digest: Looking At Rate-Sensitive Financial Companies
seekingalpha.com - March 21 at 5:50 PM

SEC Filings

Independence (NYSE:IHC) SEC Filings

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Financials

Independence (NYSE:IHC) Income Statement, Balance Sheet and Cash Flow Statement

Chart

Independence (NYSE IHC) Stock Chart for Monday, April, 23, 2018

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This page was last updated on 4/23/2018 by MarketBeat.com Staff

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