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.
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
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 paid a dividend of $0.10 per share on Tuesday, January 16th. This represents a yield of 0.7%. The ex-dividend date is Friday, December 29th. This is an increase from Independence's previous semiannual dividend of $0.06. View Independence's Dividend History.
How will Independence's stock buyback program work?
Independence declared that its Board of Directors has approved a share repurchase program on Sunday, June 4th 2017, which permits the company to repurchase 2,790,000 shares, according to EventVestor. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are typically 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 earnings results on Friday, March, 16th. The financial services provider reported $1.78 earnings per share (EPS) 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?
Who are some of Independence's key competitors?
Some companies that are related to Independence include Enterprise Financial Services (EFSC), Tcg Bdc (CGBD), Washington Prime Group (WPG), Meta Financial Group (CASH), James River Group (JRVR), First Bancorp (FBNC), Saul Centers (BFS), Foreign Trade Bank of Latin America (BLX), Meridian Bancorp (EBSB), TPG Specialty Lending (TSLX), AMERISAFE (AMSF), Golub Capital Bdc (GBDC), Heritage Financial (HFWA), Pennymac Mortgage Investment (PMT), Kearny Financial (KRNY), KKR Real Estate Finance Trust (KREF), Hannon Armstrong (HASI) and MainSource Financial Group (MSFG).
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?
Press coverage about IHC stock has been trending somewhat positive this week, according to Accern Sentiment. Accern scores the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. 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 0.19 on Accern's scale. They also gave news articles about the financial services provider an impact score of 42.41 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the next few days.
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)
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.
Independence (NYSE:IHC) Analyst Ratings History
| Date | Brokerage | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
(Data available from 4/23/2016 forward)
Independence (NYSE:IHC) Earnings History and Estimates Chart
Independence (NYSE IHC) Earnings History by Quarter
| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 6/14/2018 | | | | | | | N/A |  |
| 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 | |
| 6/6/2016 | Q415 | | $0.28 | | $125.10 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 | |
| 3/13/2014 | Q413 | | $0.10 | | $143.62 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 | |
| 3/7/2013 | Q4 2012 | | $0.42 | | | View | N/A | |
| 11/8/2012 | Q312 | | $0.22 | $103.66 million | $111.50 million | View | N/A | |
| 8/9/2012 | Q2 2012 | | $0.15 | | | View | N/A | |
| 5/10/2012 | Q1 2012 | | $0.18 | | | View | N/A | |
| 3/5/2012 | Q4 2011 | | $0.17 | | | View | N/A | |
| 11/10/2011 | Q3 2011 | | $0.17 | | | View | N/A | |
| 8/10/2011 | Q2 2011 | | $0.11 | | | View | N/A | |
| 5/12/2011 | Q1 2011 | | $0.21 | | | View | N/A | |
| 3/17/2011 | Q4 2010 | | $0.07 | | | View | N/A | |
| 11/9/2010 | Q3 2010 | | $0.12 | | | View | N/A | |
| 8/12/2010 | Q2 2010 | | $0.09 | | | View | N/A | |
| 5/17/2010 | Q1 2010 | | $0.02 | | | View | N/A | |
| 3/25/2010 | Q4 2009 | | $0.13 | | | View | N/A | |
| 11/9/2009 | Q3 2009 | | $0.11 | | | View | N/A | |
| 8/10/2009 | Q2 2009 | | $0.07 | | | View | N/A | |
| 5/11/2009 | Q1 2009 | | $0.14 | | | View | N/A | |
| 3/16/2009 | Q4 2008 | | $0.07 | | | View | N/A | |
| 11/10/2008 | Q3 2008 | | $0.09 | | | View | N/A | |
| 8/11/2008 | Q2 2008 | $0.18 | $0.18 | | | View | N/A | |
| 5/19/2008 | Q1 2008 | $0.08 | $0.18 | | | View | N/A | |
| 3/17/2008 | Q4 2007 | $0.07 | $0.05 | | | View | N/A | |
(Earnings results data provided by Zacks Investment Research)
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 |
Independence (NYSE:IHC) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 12/21/2017 | semiannual | $0.10 | 0.7% | 12/29/2017 | 1/2/2018 | 1/16/2018 |
| 7/6/2017 | semiannual | $0.06 | 0.56% | 7/13/2017 | 7/17/2017 | 7/31/2017 |
| 11/30/2016 | semiannual | $0.06 | 0.6% | 12/28/2016 | 1/2/2017 | 1/17/2017 |
| 6/21/2016 | semiannual | $0.0450 | 0.52% | 7/1/2016 | 7/6/2016 | 7/20/2016 |
| 12/23/2015 | | $0.0450 | | 1/4/2016 | 1/6/2016 | 1/20/2016 |
| 6/23/2015 | semiannual | $0.0450 | 0.68% | 7/1/2015 | 7/6/2015 | 7/20/2015 |
| 12/23/2014 | semiannual | $0.0350 | 0.5% | 1/2/2015 | 1/6/2015 | 1/20/2015 |
| 6/26/2014 | semiannual | $0.0350 | 0.5% | 7/2/2014 | 7/7/2014 | 7/21/2014 |
| 12/30/2013 | semiannual | $0.0350 | 0.52% | 1/2/2014 | 1/6/2014 | 1/20/2014 |
| 12/27/2013 | | $0.0350 | | 1/2/2014 | 1/6/2014 | 1/20/2014 |
| 6/7/2013 | semiannual | $0.0350 | 0.62% | 6/13/2013 | 6/17/2013 | 7/1/2013 |
(Data available from 1/1/2013 forward)
Independence (NYSE IHC) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 8.00%
Institutional Ownership Percentage: 17.79%
Independence (NYSE IHC) Insider Trading History
| 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 | | |
(Data available from 1/1/2013 forward)
Independence (NYSE IHC) News Headlines
| Source: |
|
| Date | Headline |
|---|
 | Independence 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/share
seekingalpha.com - April 16 at 11:09 PM |
 | UPDATE: 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 Medical
finance.yahoo.com - April 6 at 5:22 AM |
| Independence Holding posts 4Q profit
finance.yahoo.com - April 1 at 11:57 AM |
 | Independence (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)
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 |
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, April, 23, 2018
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