Independence Holding (IHC) Insider Sells $27,091.28 in Stock

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Independence Holding (NYSE:IHC) insider Larry Graber sold 794 shares of Independence stock in a transaction on Friday, September 14th. The stock was sold at an average price of $34.12, for a total transaction of $27,091.28. Following the completion of the sale, the insider now owns 56,276 shares of the company’s stock, valued at approximately $1,920,137.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Larry Graber also recently made the following trade(s):

  • On Tuesday, September 11th, Larry Graber sold 11,334 shares of Independence stock. The stock was sold at an average price of $35.02, for a total transaction of $396,916.68.
  • On Wednesday, September 5th, Larry Graber sold 4,155 shares of Independence stock. The stock was sold at an average price of $35.50, for a total transaction of $147,502.50.
  • On Friday, August 24th, Larry Graber sold 301 shares of Independence stock. The stock was sold at an average price of $36.25, for a total transaction of $10,911.25.
  • On Wednesday, August 22nd, Larry Graber sold 861 shares of Independence stock. The stock was sold at an average price of $36.47, for a total transaction of $31,400.67.
  • On Thursday, August 16th, Larry Graber sold 1,200 shares of Independence stock. The stock was sold at an average price of $37.15, for a total transaction of $44,580.00.
  • On Tuesday, August 14th, Larry Graber sold 3,247 shares of Independence stock. The stock was sold at an average price of $37.28, for a total transaction of $121,048.16.

Independence stock traded up $0.20 during mid-day trading on Friday, reaching $35.30. The company’s stock had a trading volume of 23,509 shares, compared to its average volume of 11,917. The company has a market cap of $533.56 million, a PE ratio of 11.85 and a beta of 0.09. Independence Holding has a twelve month low of $25.40 and a twelve month high of $39.85.

Independence (NYSE:IHC) last released its quarterly earnings data on Tuesday, August 7th. The financial services provider reported $0.45 EPS for the quarter. The firm had revenue of $84.89 million during the quarter. Independence had a net margin of 10.75% and a return on equity of 10.62%.

A number of institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE boosted its holdings in shares of Independence by 61.6% during the second quarter. Bank of America Corp DE now owns 5,009 shares of the financial services provider’s stock valued at $166,000 after acquiring an additional 1,909 shares during the period. Strs Ohio boosted its holdings in shares of Independence by 19.2% during the second quarter. Strs Ohio now owns 17,400 shares of the financial services provider’s stock valued at $578,000 after acquiring an additional 2,800 shares during the period. Paloma Partners Management Co acquired a new position in shares of Independence during the second quarter valued at $213,000. Mackay Shields LLC acquired a new position in shares of Independence during the first quarter valued at $300,000. Finally, TCW Group Inc. boosted its holdings in shares of Independence by 3.2% during the first quarter. TCW Group Inc. now owns 285,491 shares of the financial services provider’s stock valued at $10,178,000 after acquiring an additional 8,719 shares during the period. 18.08% of the stock is owned by hedge funds and other institutional investors.

Separately, ValuEngine downgraded shares of Independence from a “buy” rating to a “hold” rating in a report on Tuesday, September 4th.

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.

Further Reading: Return on Investment (ROI) Defined, Explained

Insider Buying and Selling by Quarter for Independence (NYSE:IHC)

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