Independence Holding Company (IHC) Shares Sold by Parametric Portfolio Associates LLC
Parametric Portfolio Associates LLC lessened its holdings in Independence Holding Company (NYSE:IHC) by 2.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 16,692 shares of the financial services provider’s stock after selling 490 shares during the quarter. Parametric Portfolio Associates LLC owned 0.11% of Independence worth $341,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of IHC. Bank of New York Mellon Corp lifted its stake in shares of Independence by 0.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 41,941 shares of the financial services provider’s stock valued at $858,000 after acquiring an additional 124 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Independence by 3.0% in the 2nd quarter. Northern Trust Corp now owns 91,542 shares of the financial services provider’s stock valued at $1,872,000 after acquiring an additional 2,665 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of Independence by 0.4% in the 2nd quarter. Vanguard Group Inc. now owns 213,018 shares of the financial services provider’s stock valued at $4,356,000 after acquiring an additional 857 shares during the last quarter. 17.55% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Independence Holding Company (NYSE:IHC) traded down $0.65 on Tuesday, hitting $28.25. The stock had a trading volume of 6,900 shares, compared to its average volume of 12,204. Independence Holding Company has a one year low of $16.55 and a one year high of $29.45. The company has a market cap of $429.52, a PE ratio of 14.97 and a beta of 0.31.
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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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