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:
- Sector: Finance
- Industry: Life & Health Insurance
- Sub-Industry: Life & Health Insurance
- Symbol: NYSE:IHC
- CUSIP: 45344030
- Web: www.ihcgroup.com
Capitalization:- Market Cap: $344.56 million
- Outstanding Shares: 14,981,000
Average Prices:- 50 Day Moving Avg: $21.74
- 200 Day Moving Avg: $19.96
- 52 Week Range: $16.55 - $23.90
P/E:- Trailing P/E Ratio: 12.74
- P/E Growth: 0.00
Sales & Book Value:- Annual Revenue: $310.93 million
- Price / Sales: 1.15
- Book Value: $27.89 per share
- Price / Book: 0.86
Dividend:- Annual Dividend: $0.12
- Dividend Yield: 0.5%
Profitability:- EBIDTA: $28.93 million
- Net Margins: 10.31%
- Return on Equity: 7.20%
- Return on Assets: 2.73%
Debt:- Current Ratio: 0.72%
- Quick Ratio: 0.72%
Misc:- Average Volume: 13,058 shs.
- Beta: 0.36
- Short Ratio: 6.71
Frequently Asked Questions for Independence Holding Company (NYSE:IHC)
What is Independence Holding Company's stock symbol?
Independence Holding Company trades on the New York Stock Exchange (NYSE) under the ticker symbol "IHC."
How often does Independence Holding Company pay dividends? What is the dividend yield for Independence Holding Company?
Independence Holding Company announced a semiannual dividend on Thursday, July 6th. Shareholders of record on Monday, July 17th will be given a dividend of $0.06 per share on Monday, July 31st. This represents a dividend yield of 0.56%. The ex-dividend date of this dividend is Thursday, July 13th. View Independence Holding Company's Dividend History.
How will Independence Holding Company's stock buyback program work?
Independence Holding Company declared that its Board of Directors has authorized a stock 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 often a sign that the company's management believes its stock is undervalued.
How were Independence Holding Company's earnings last quarter?
Independence Holding Company (NYSE:IHC) announced its quarterly earnings data on Monday, June, 6th. The company reported $0.28 earnings per share (EPS) for the quarter. The company had revenue of $125.10 million for the quarter. Independence Holding Company had a net margin of 10.31% and a return on equity of 7.20%. View Independence Holding Company's Earnings History.
When will Independence Holding Company make its next earnings announcement?
Who are some of Independence Holding Company's key competitors?
Some companies that are related to Independence Holding Company include United Insurance Holdings Corp. (UIHC), Preferred Bank (PFBC), PHH Corp (PHH), The First of Long Island Corporation (FLIC), NMI Holdings (NMIH), HomeStreet (HMST), Maiden Holdings (MHLD), Investment Technology Group (ITG), Xenith Bankshares (XBKS), Triangle Capital Corporation (TCAP), First Potomac Realty Trust (FPO), Live Oak Bancshares (LOB), CU Bancorp (CA) (CUNB), Pzena Investment Management (PZN), Ashford Hospitality Trust (AHT), Invesco California Value Municipal Income Trust (VCV), Camden National Corporation (CAC) and Bridge Bancorp (BDGE).
Who are Independence Holding Company's key executives?
Independence Holding Company's management team includes the folowing people:
- Roy T. K. Thung, Chairman of the Board, President, Chief Executive Officer
- Steven B. Lapin, Vice Chairman of the Board
- Teresa A. Herbert, Chief Financial Officer, Senior Vice President, Director
- David T. Kettig, Chief Operating Officer, Senior Vice President, Acting General Counsel, Director
- Larry R. Graber, Senior Vice President, Chief Life and Annuity Actuary, Director
- Allan C. Kirkman, Independent Director
- John L. Lahey, Independent Director
- Ronald I. Simon, Independent Director
- James G. Tatum, Independent Director
Who owns Independence Holding Company stock?
Independence Holding Company's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Dimensional Fund Advisors LP (6.61%), First Eagle Investment Management LLC (3.63%), Royce & Associates LP (2.10%), Vanguard Group Inc. (1.42%), State Street Corp (0.82%) and Northern Trust Corp (0.61%). View Institutional Ownership Trends for Independence Holding Company.
Who sold Independence Holding Company stock? Who is selling Independence Holding Company stock?
Independence Holding Company's stock was sold by a variety of institutional investors in the last quarter, including Strs Ohio, Accredited Investors Inc., Cornerstone Capital Management Holdings LLC., California State Teachers Retirement System, TIAA CREF Investment Management LLC, Rhumbline Advisers, Teachers Advisors LLC and Eagle Global Advisors LLC. View Insider Buying and Selling for Independence Holding Company.
Who bought Independence Holding Company stock? Who is buying Independence Holding Company stock?
How do I buy Independence Holding Company stock?
Shares of Independence Holding Company can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Independence Holding Company's stock price today?
One share of Independence Holding Company stock can currently be purchased for approximately $23.90.
MarketBeat Community Rating for Independence Holding Company (NYSE IHC)MarketBeat's community ratings are surveys of what our community members think about Independence Holding Company 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.
Consensus Ratings for Independence Holding Company (NYSE:IHC) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| Ratings Breakdown: | No ratings tracked in the last 12 months. |
| Consensus Rating: | N/A (Score: NaN) |
| Consensus Price Target: | N/A |
Analysts' Ratings History for Independence Holding Company (NYSE:IHC)
Show:
No equities research coverage for this company has been tracked by MarketBeat.com
Earnings History for Independence Holding Company (NYSE:IHC)Earnings History by Quarter for Independence Holding Company (NYSE IHC)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 11/7/2017 | | | | | | | N/A |  |
| 6/6/2016 | Q415 | | $0.28 | | $125.10 million | View | N/A | |
| 3/10/2015 | Q414 | | $0.23 | $143.62 million | $127.09 million | View | N/A | |
| 3/13/2014 | Q413 | | $0.10 | | $143.62 million | View | N/A | |
| 11/8/2012 | Q312 | | $0.22 | $103.66 million | $111.50 million | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for Independence Holding Company (NYSE:IHC)No earnings estimates for this company have been tracked by MarketBeat.com
Current Dividend Information for Independence Holding Company (NYSE:IHC)| Most Recent Dividend: | 7/31/2017 |
| Annual Dividend: | $0.12 |
| Dividend Yield: | 0.50% |
| Dividend Growth: | 37.00% (3 Year Average) |
| Payout Ratio: | 6.35% (Trailing 12 Months of Earnings)
|
| Track Record: | 5 Years of Consecutive Dividend Growth |
Dividend History by Quarter for Independence Holding Company (NYSE IHC)| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 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 | $0.05 | 0.52% | 7/1/2016 | 7/6/2016 | 7/20/2016 |
| 12/23/2015 | | $0.05 | | 1/4/2016 | 1/6/2016 | 1/20/2016 |
| 6/23/2015 | semiannual | $0.05 | 0.68% | 7/1/2015 | 7/6/2015 | 7/20/2015 |
| 12/23/2014 | semiannual | $0.04 | 0.5% | 1/2/2015 | 1/6/2015 | 1/20/2015 |
| 6/26/2014 | semiannual | $0.04 | 0.5% | 7/2/2014 | 7/7/2014 | 7/21/2014 |
| 12/30/2013 | semiannual | $0.04 | 0.52% | 1/2/2014 | 1/6/2014 | 1/20/2014 |
| 12/27/2013 | | $0.04 | | 1/2/2014 | 1/6/2014 | 1/20/2014 |
| 6/7/2013 | semiannual | $0.04 | 0.62% | 6/13/2013 | 6/17/2013 | 7/1/2013 |
(Data available from 1/1/2013 forward)
Insider Trading and Institutional Ownership History for Independence Holding Company (NYSE:IHC)Insider Ownership Percentage: 6.50%
Institutional Ownership Percentage: 24.30%
Insider Trades by Quarter for Independence Holding Company (NYSE:IHC)| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total 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)
Headline Trends for Independence Holding Company (NYSE:IHC)
Latest Headlines for Independence Holding Company (NYSE:IHC)
| Source: |
|
| Date | Headline |
|---|
 | 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 |
| Independence Holding Company Announces the Preliminary Results of Its Tender Offer to Repurchase up to 2,000,000 Shares of Its Common Stock
finance.yahoo.com - June 26 at 7:39 PM |
| Independence Holding Co. :IHC-US: Earnings Analysis: Q1, 2017 By the Numbers : June 21, 2017
finance.yahoo.com - June 21 at 3:33 PM |
| Independence Holding Company Announces 2017 First-Quarter Results
finance.yahoo.com - June 16 at 6:43 PM |
| Independence Holding posts 1Q profit
finance.yahoo.com - June 16 at 6:43 PM |
| Independence Holding Company (IHC) to Repurchase 2,790,000 Outstanding Stock
www.americanbankingnews.com - June 4 at 11:28 AM |
| ETFs with exposure to Independence Holding Co. : May 30, 2017
finance.yahoo.com - May 30 at 5:42 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 |
| Independence Holding Company Announces Commencement of Tender Offer to Repurchase Up to 2,000,000 Shares of Its Common Stock
finance.yahoo.com - May 26 at 6:33 PM |
| Independence Holding Co. :IHC-US: Earnings Analysis: Q4, 2016 By the Numbers : May 25, 2017
finance.yahoo.com - May 25 at 9:15 PM |
| BRIEF-Independence Holding to commence tender offer to repurchase up to 2,000,000 shares
www.reuters.com - May 24 at 5:46 PM |
| Independence Holding Co. breached its 50 day moving average in a Bullish Manner : IHC-US : May 24, 2017
finance.yahoo.com - May 24 at 11:36 AM |
| Independence Holding Company Announces Intention to Commence Tender Offer to Repurchase Up to 2,000,000 Shares of Its Common Stock
finance.yahoo.com - May 23 at 11:20 AM |
| Independence Holding Company Announces 2016 Fourth-Quarter and Annual Results
finance.yahoo.com - May 23 at 11:20 AM |
| Independence Holding posts 4Q profit
finance.yahoo.com - May 23 at 11:20 AM |
 | The Global Governance Landscape: How Will It Affect Your Company?
www.forbes.com - May 11 at 11:30 PM |
| Independence Holding Co. breached its 50 day moving average in a Bearish Manner : IHC-US : May 5, 2017
finance.yahoo.com - May 5 at 5:51 PM |
| Independence Holding Company (IHC) Given Media Impact Score of 0.48
www.americanbankingnews.com - May 4 at 8:56 AM |
| Positive Media Coverage Somewhat Likely to Impact Independence Holding Company (IHC) Share Price
www.americanbankingnews.com - April 29 at 10:23 PM |
| Independence Holding Company (IHC) Receiving Somewhat Favorable Press Coverage, AlphaOne Reports
www.americanbankingnews.com - April 21 at 11:30 PM |
| Independence Holding Co. breached its 50 day moving average in a Bullish Manner : IHC-US : April 21, 2017
finance.yahoo.com - April 21 at 10:41 AM |
| Independence Holding Company (IHC) Receiving Somewhat Positive News Coverage, Study Shows
www.americanbankingnews.com - April 13 at 3:20 PM |
| Independence Holding Company Receives Notice from NYSE Regarding Late Form 10-K Filing
finance.yahoo.com - April 7 at 10:24 AM |
| PetPartners, Inc., the Newest Subsidiary of Independence Holding Company, Announces Extension of Long-standing Relationship with The American Kennel Club
finance.yahoo.com - March 28 at 11:15 AM |
| 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 |
| Independence Holding Company Repurchases Shares in Private Transaction
finance.yahoo.com - February 2 at 6:34 PM |
| BRIEF-Independence Holding says repurchased 290,000 shares for $5.8 mln
www.reuters.com - January 30 at 10:50 AM |
| Independence Holding Company Repurchases Shares
finance.yahoo.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 |
| Independence Holding Company Announces Redemption of Final Series of Its Trust Preferred Securities
finance.yahoo.com - December 12 at 5:59 PM |
| Ebix: Growth/Upside In 2017
seekingalpha.com - December 6 at 3:38 PM |
| BRIEF-Independence Holding increases annual dividend to stockholders to $0.12/shr
www.reuters.com - November 30 at 6:00 PM |
 | Independence Holding Company Announces 33% Increase in Cash Dividend
us.rd.yahoo.com - November 30 at 11:30 AM |
| 4:52 pm Independence Hldg increases dividend 33% and declares semi-annual cash dividend of $0.06/share of common stock, prior $0.045/share
us.rd.yahoo.com - November 30 at 11:30 AM |
| Independence Holding Company declares $0.045 dividend
seekingalpha.com - June 20 at 6:12 PM |
| Independence Holding reports FQ4 results
seekingalpha.com - June 6 at 8:13 AM |
| The IHC Group's Carriers Receive "A- (Excellent)" Group Rating from A.M. Best Company and IHC Announces Expansion of Specialty Health Business
www.streetinsider.com - April 15 at 8:37 AM |
| A.M. Best Removes From Under Review and Affirms Ratings of Independence Holding Company and Its Subsidiaries
finance.yahoo.com - April 8 at 8:58 AM |
Independence Holding Company (IHC) Chart for Tuesday, September, 19, 2017
