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
Industry Life insurance
Sub-IndustryLife & Health Insurance
SectorFinance
Phone203-358-8000
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$320.49 million
Profitability
Miscellaneous
Employees350
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 Monday, December 31st. Stockholders of record on Wednesday, January 9th will be paid a dividend of $0.15 per share on Wednesday, January 23rd. This represents a dividend yield of 0.85%. The ex-dividend date of this dividend is Tuesday, January 8th. This is an increase from Independence's previous semiannual dividend of $0.10. View Independence's Dividend History.
How will Independence's stock buyback program work?
Independence declared that its board has authorized a share buyback plan on Sunday, June 4th 2017, which permits the company to buyback 2,790,000 outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company's management believes its shares are undervalued.
How were Independence's earnings last quarter?
Independence Holding (NYSE:IHC) issued its earnings results on Tuesday, November, 6th. The financial services provider reported $0.66 earnings per share for the quarter. The financial services provider had revenue of $89.94 million for 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 trended extremely positive recently, according to InfoTrie Sentiment. The research group scores the sentiment of press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Independence earned a news impact score of 4.1 on InfoTrie's scale. They also gave news stories about the financial services provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the near future.
Who are some of Independence's key competitors?
Some companies that are related to Independence include 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), China Life Insurance (LFC), 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 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?
Which institutional investors are selling Independence stock?
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 $36.00.
How big of a company is Independence?
Independence has a market capitalization of $532.98 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.
