Independence Holding Company (NYSE:IHC) Stock Traded 12.6% Above Its 50 Day Average


Shares of the company are trading at $28.25 which is significantly above the 50 day moving average of $25.08 and much higher than the 200 day moving average of $21.38. The 50 day moving average went up by +12.65% and the 200 day average was up $6.87. 848 shares changed hands on Tuesday. Trading volume was down 95.96% under the stocks average daily volume.

Investors are feeling more bullish on shares of Independence Holding Company lately at least if you consider the downtick in short interest. The stock realized a fall in short interest of -12.04% as of the latest report on September 29, 2017. Short shares fell 20,373 over that period. With short interest at 148,812 and short average daily volume at 21,254, the short-interest ratio is 7.0 and the short interest percentage is 0.01% as of September 29.

A few notable investment firms have updated their holdings. Blackrock Inc. reduced its holdings by shedding 54,500 shares a decrease of 97.6% from 03/31/2017 to 06/30/2017. Blackrock Inc. controls 1,366 shares valued at $28,000. The total value of its holdings decreased 97.3%. Tower Research Capital LLC (trc) grew its investment by buying 388 shares an increase of 346.4%. Tower Research Capital LLC (trc) now controls 500 shares worth $10,000. The value of the position overall is up by 400.0%.

As of the end of the quarter Accredited Investors Inc. had sold a total of 5,000 shares trimming its position 23.5%. The value in dollars decreased from $395,000 to $332,000 a change of $63,000 since the last quarter. As of quarter end Ubs Group Ag had disposed of 79 shares trimming its holdings by 33.9%. The value of the investment in Independence Holding Company went from $4,000 to $3,000 a change of 25.0% for the reporting period.

The company is up by 1.80% percent from yesterday’s close. Additionally Independence Holding Company recently declared a dividend for shareholders which was paid on Monday the 31st of July 2017. The dividend payment was $0.030 per share for the quarter or $0.12 on an annualized basis. This dividend amount represented a yield of $0.43. The ex-dividend date was Thursday the 13th of July 2017.

Independence Holding Company’s P/E ratio is 15.06 and the market cap is 423.19M.

Independence Holding Company (IHC), launched on April 23, 1980, is a holding company principally engaged in the life and health insurance business. The Business’s segments include Medical Stop-Loss; Fully Insured Health; Group disability, life and DBL; Individual life, annuities and other, and Corporate. The Company owns interest in the American Independence Corp., which owns Independence American Insurance Company (Independence American), IHC Specialty Benefits, Inc. (Specialty Benefits), and controlling interests in certain agencies and call centers. It primarily provides specialized disability, and health coverage and related services to commercial customers and individuals. Its insurance company subsidiaries, Standard Security Life Insurance Company of New York (Standard Security Life) and Madison National Life Insurance Company, Inc. (Madison National Life), market their products through independent and affiliated brokers, producers and agents. Independence American also distributes through these sources, as well as to consumers through controlled distribution companies and through company-owned Websites..