Vanguard Group Inc. Raises Position in Independence Holding Company (IHC)
Vanguard Group Inc. grew its holdings in Independence Holding Company (NYSE:IHC) by 0.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 213,018 shares of the financial services provider’s stock after acquiring an additional 857 shares during the period. Vanguard Group Inc. owned 1.42% of Independence worth $4,356,000 as of its most recent SEC filing.
Separately, Northern Trust Corp raised its position in Independence by 3.0% in the second quarter. Northern Trust Corp now owns 91,542 shares of the financial services provider’s stock worth $1,872,000 after acquiring an additional 2,665 shares during the period. 17.55% of the stock is owned by hedge funds and other institutional investors.
Independence Holding Company (NYSE IHC) traded down $0.65 on Friday, reaching $28.95. 7,487 shares of the company’s stock traded hands, compared to its average volume of 10,365. Independence Holding Company has a fifty-two week low of $16.55 and a fifty-two week high of $30.00. The company has a market capitalization of $419.40, a P/E ratio of 15.39 and a beta of 0.31.
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).
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