Independence Holding (NYSE:IHC) SVP Larry Graber sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, June 11th. The stock was sold at an average price of $36.14, for a total transaction of $108,420.00. Following the completion of the transaction, the senior vice president now owns 58,482 shares in the company, valued at $2,113,539.48. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Shares of Independence traded up $0.95, hitting $35.80, during trading hours on Thursday, MarketBeat reports. The company had a trading volume of 12,317 shares, compared to its average volume of 11,640. Independence Holding has a fifty-two week low of $19.85 and a fifty-two week high of $39.85. The firm has a market cap of $536.53 million, a P/E ratio of 10.49 and a beta of 0.20.

Independence (NYSE:IHC) last issued its quarterly earnings data on Wednesday, May 9th. The financial services provider reported $0.46 EPS for the quarter. Independence had a net margin of 13.08% and a return on equity of 12.49%. The firm had revenue of $88.30 million for the quarter.

The business also recently disclosed a Semi-Annual dividend, which will be paid on Monday, June 18th. Stockholders of record on Tuesday, May 29th will be issued a $0.15 dividend. This is a positive change from Independence’s previous Semi-Annual dividend of $0.10. This represents a dividend yield of 0.81%. The ex-dividend date of this dividend is Friday, May 25th.

Several hedge funds have recently modified their holdings of the company. Arnhold LLC acquired a new position in shares of Independence in the 1st quarter worth approximately $18,294,000. TCW Group Inc. lifted its holdings in shares of Independence by 3.2% in the 1st quarter. TCW Group Inc. now owns 285,491 shares of the financial services provider’s stock worth $10,178,000 after acquiring an additional 8,719 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Independence by 18.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 157,835 shares of the financial services provider’s stock worth $5,627,000 after acquiring an additional 24,751 shares during the last quarter. Cannell Capital LLC lifted its holdings in shares of Independence by 24.3% in the 1st quarter. Cannell Capital LLC now owns 54,690 shares of the financial services provider’s stock worth $1,950,000 after acquiring an additional 10,701 shares during the last quarter. Finally, TIAA CREF Investment Management LLC lifted its holdings in shares of Independence by 72.2% in the 4th quarter. TIAA CREF Investment Management LLC now owns 31,979 shares of the financial services provider’s stock worth $878,000 after acquiring an additional 13,410 shares during the last quarter. Hedge funds and other institutional investors own 18.17% of the company’s stock.

Independence Company Profile

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.

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