NYSE:IHCIndependence Stock Price, Forecast & News

$30.46

0.00 (0.00 %)

(As of 06/4/2020 09:45 AM ET)

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Today's Range

$30.46

Now: $30.46▼

$30.46

50-Day Range

$24.98

MA: $27.39▼

$30.43

52-Week Range

$22.00

Now: $30.46▼

$43.60

VolumeN/A

Average Volume16,903 shs

Market Capitalization$449.29 million

P/E Ratio57.47

Dividend Yield1.34%

Beta0.76

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 general agents, independent brokers, and independent producers 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.

Beat the Market (BTM) Rank^™

0.0 Analyst's Opinion

Consensus Rating
There is not enough analysis data for Independence.

2.8 Community Rank

Outperform Votes
Independence has received 159 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Independence has received 125 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Independence has received 55.99% “outperform” votes from our community.

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.

2.5 Dividend Strength

Dividend Leadership
Independence is a leading dividend payer. It pays a dividend yield of 1.34%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Independence has been increasing its dividend for 8 years.

0.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Independence insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 6.20% of the stock of Independence is held by insiders.
Percentage Held by Institutions
Only 20.17% of the stock of Independence is held by institutions.

0.6 Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Independence is 57.47, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 16.28.
Price to Earnings Ratio vs. Sector
The P/E ratio of Independence is 57.47, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 19.78.
Price to Book Value per Share Ratio
Independence has a P/B Ratio of 0.98. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.19 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Life insurance

Sub-IndustryLife & Health Insurance

SectorFinance

Current SymbolNYSE:IHC

Previous Symbol

CUSIP45344030

CIK701869

Webwww.ihcgroup.com

Phone203-358-8000

Debt

Debt-to-Equity RatioN/A

Current Ratio0.80

Quick Ratio0.80

Price-To-Earnings

Trailing P/E Ratio57.47

Forward P/E RatioN/A

P/E GrowthN/A

Sales & Book Value

Annual Sales$374.45 million

Price / Sales1.20

Cash Flow$2.23 per share

Price / Cash Flow13.63

Book Value$31.05 per share

Price / Book0.98

Profitability

EPS (Most Recent Fiscal Year)N/A

Net Income$12.40 million

Net Margins2.07%

Return on Equity4.48%

Return on Assets1.95%

Miscellaneous

Employees400

Outstanding Shares14,750,000

Market Cap$449.29 million

Next Earnings Date8/4/2020 (Estimated)

OptionableNot Optionable

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Independence (NYSE:IHC) Frequently Asked Questions

How has Independence's stock been impacted by COVID-19 (Coronavirus)?

Independence's stock was trading at $34.02 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, IHC shares have decreased by 10.5% and is now trading at $30.46. View which stocks have been most impacted by Coronavirus.

When is Independence's next earnings date?

Independence is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for Independence.

How were Independence's earnings last quarter?

Independence Holding (NYSE:IHC) released its quarterly earnings results on Thursday, May, 7th. The financial services provider reported $0.10 earnings per share (EPS) for the quarter. The financial services provider earned $104 million during the quarter. Independence had a return on equity of 4.48% and a net margin of 2.07%. View Independence's earnings history.

How often does Independence pay dividends? What is the dividend yield for Independence?

Independence declared a Semi-Annual dividend on Monday, March 16th. Investors of record on Monday, June 15th will be paid a dividend of $0.22 per share on Monday, June 29th. This represents a yield of 1.5%. The ex-dividend date of this dividend is Friday, June 12th. This is a boost from Independence's previous Semi-Annual dividend of $0.20. View Independence's dividend history.

Has Independence been receiving favorable news coverage?

News headlines about IHC stock have been trending somewhat negative recently, InfoTrie Sentiment reports. InfoTrie identifies negative and positive press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Independence earned a news sentiment score of -1.0 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 impact on the company's share price in the near future. View the latest news aboutIndependence.

Are investors shorting Independence?

Independence saw a decline in short interest during the month of April. As of April 30th, there was short interest totaling 71,800 shares, a decline of 10.0% from the April 15th total of 79,800 shares. Based on an average daily trading volume, of 16,300 shares, the days-to-cover ratio is presently 4.4 days. Currently, 1.5% of the shares of the company are short sold. View Independence's Current Options Chain.

Who are some of Independence's key competitors?

Some companies that are related to Independence include Metlife (MET), AFLAC (AFL), Prudential Financial (PRU), Principal Financial Group (PFG), Lincoln National (LNC), Primerica (PRI), Unum Group (UNM), CNO Financial Group (CNO), American Equity Investment Life (AEL), FBL Financial Group (FFG), National Western Life Group (NWLI), Citizens (CIA), Health Insurance Innovations (HIIQ) and Kansas City Life Insurance (KCLI). View all competitors.

What other stocks do shareholders of Independence own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Independence investors own include Ionis Pharmaceuticals (IONS), AbbVie (ABBV), Capital City Bank Group (CCBG), CenterPoint Energy (CNP), Exponent (EXPO), Hasbro (HAS), Westlake Chemical (WLK), Activision Blizzard (ATVI), Dynagas LNG Partners (DLNG) and Gilead Sciences (GILD).

Who are Independence's key executives?

Independence's management team includes the following people:

Mr. Roy Tjay Kiang Thung, Chairman, CEO & Pres (Age 75)
Mr. David Thomas Kettig, Exec. VP, COO & Director (Age 60)
Mr. Vincent John Furfaro, Sr. VP of Corp. Devel. & Chief Information Security Officer (Age 55)
Ms. Teresa Ellen Akshar Herbert, CFO, Sr. VP & Director (Age 57)
Ms. Loan Tuong Nisser, VP & Sec.

What is Independence's stock symbol?

Independence trades on the New York Stock Exchange (NYSE) under the ticker symbol "IHC."

Who are Independence's major shareholders?

Independence's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Arnhold LLC (3.44%), BlackRock Inc. (2.02%), TCW Group Inc. (1.67%), Atom Investors LP (1.27%), State Street Corp (0.78%) and Geode Capital Management LLC (0.58%). Company insiders that own Independence stock include Larry Graber and Ronald I Simon. View institutional ownership trends for Independence.

Which institutional investors are selling Independence stock?

IHC stock was sold by a variety of institutional investors in the last quarter, including Bleichroeder LP, Atom Investors LP, Morgan Stanley, Nkcfo LLC, UBS Group AG, State Street Corp, Arnhold LLC, and Deutsche Bank AG. View insider buying and selling activity for Independence.

Which institutional investors are buying Independence stock?

IHC stock was purchased by a variety of institutional investors in the last quarter, including TCW Group Inc., Nuveen Asset Management LLC, BlackRock Inc., Bank of New York Mellon Corp, Wells Fargo & Company MN, Geode Capital Management LLC, Invesco Ltd., and JPMorgan Chase & Co.. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Independence's stock price today?

One share of IHC stock can currently be purchased for approximately $30.46.

How big of a company is Independence?

Independence has a market capitalization of $449.29 million and generates $374.45 million in revenue each year. Independence employs 400 workers across the globe.

What is Independence's official website?

The official website for Independence is www.ihcgroup.com.

How can I contact Independence?

Independence's mailing address is 96 CUMMINGS POINT RD, STAMFORD CT, 06902. The financial services provider can be reached via phone at 203-358-8000 or via email at [email protected]

This page was last updated on 6/4/2020 by MarketBeat.com Staff