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.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Life insurance
Sub-IndustryLife & Health Insurance
SectorFinance
Current SymbolNYSE:IHC
Previous Symbol
CUSIP45344030
Phone203-358-8000
Debt
Debt-to-Equity RatioN/A
Current Ratio0.73
Quick Ratio0.73
Price-To-Earnings
Trailing P/E Ratio11.28
Forward P/E RatioN/A
P/E GrowthN/A
Sales & Book Value
Annual Sales$320.49 million
Price / Sales1.75
Cash Flow$3.6316 per share
Price / Cash Flow10.45
Book Value$29.22 per share
Price / Book1.30
Profitability
EPS (Most Recent Fiscal Year)N/A
Net Income$42.04 million
Net Margins11.91%
Return on Equity11.56%
Return on Assets4.88%
Miscellaneous
Employees350
Outstanding Shares14,810,000
Market Cap$559.32 million
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 Semi-Annual dividend on Wednesday, May 16th. Investors of record on Tuesday, May 29th will be paid a dividend of $0.15 per share on Monday, June 18th. This represents a yield of 0.81%. The ex-dividend date of this dividend is Friday, May 25th. This is a positive change from Independence's previous Semi-Annual dividend of $0.10. View Independence's Dividend History.
How will Independence's stock buyback program work?
Independence announced that its Board of Directors has approved a stock 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 purchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company's management believes its shares are undervalued.
How were Independence's earnings last quarter?
Independence Holding (NYSE:IHC) released its quarterly earnings results on Tuesday, November, 6th. The financial services provider reported $0.66 earnings per share (EPS) for the quarter. The financial services provider earned $89.94 million during the quarter. Independence had a net margin of 11.91% and a return on equity of 11.56%. View Independence's Earnings History.
When is Independence's next earnings date?
Has Independence been receiving favorable news coverage?
News coverage about IHC stock has been trending negative this week, InfoTrie reports. The research firm identifies positive and negative media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Independence earned a news sentiment score of -2.4 on InfoTrie's scale. They also gave news stories about the financial services provider a news buzz of 5.0 out of 10, meaning that recent media coverage is somewhat likely to have an impact on the company's share price in the immediate future.
Who are some of Independence's key competitors?
Some companies that are related to Independence include Genworth Financial (GNW), FBL Financial Group (FFG), FGL (FG), National Western Life Group (NWLI), Citizens (CIA), Kansas City Life Insurance (KCLI), UTG (UTGN), Atlantic American (AAME), GWG (GWGH), National Security Group (NSEC), Emergent Capital (EMGC), AMP (AMP), Investors Heritage Capital (IHRC), Legal & General Group (LGEN) and OLD Mut PLC/ADR (ODMTY).
Who are Independence's key executives?
Independence's management team includes the folowing people:
- Mr. Roy Tjay Kiang Thung, Chairman, CEO & Pres (Age 74)
- Ms. Teresa Ellen Akshar Herbert, Sr. VP, CFO & Director (Age 56)
- Mr. David Thomas Kettig, Exec. VP, COO & Director (Age 59)
- 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)
Who are Independence's major shareholders?
Independence's stock is owned by a number of of institutional and retail investors. Top institutional investors include Arnhold LLC (3.44%), BlackRock Inc. (1.71%), TCW Group Inc. (1.61%), Vanguard Group Inc. (1.48%), Vanguard Group Inc (1.48%) and Dimensional Fund Advisors LP (1.44%). 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 Renaissance Technologies LLC, Bank of New York Mellon Corp, TIAA CREF Investment Management LLC and Arnhold LLC. 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 Dimensional Fund Advisors LP, TCW Group Inc., Wells Fargo & Company MN, Vanguard Group Inc, Vanguard Group Inc. and BlackRock Inc.. 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 $37.95.
How big of a company is Independence?
Independence has a market capitalization of $559.32 million and generates $320.49 million in revenue each year. Independence employs 350 workers across the globe.
What is Independence's official website?
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)
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.
