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.

IHC traded up $0.95 during trading hours on Thursday, hitting $35.80. 12,317 shares of the company’s stock were exchanged, compared to its average volume of 11,640. Independence Holding has a 12-month low of $19.85 and a 12-month high of $39.85. The company 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 announced its earnings results on Wednesday, May 9th. The financial services provider reported $0.46 earnings per share 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 firm also recently announced a Semi-Annual dividend, which will be paid on Monday, June 18th. Investors of record on Tuesday, May 29th will be paid a dividend of $0.15 per share. This is an increase from Independence’s previous Semi-Annual dividend of $0.10. This represents a yield of 0.81%. The ex-dividend date of this dividend is Friday, May 25th.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Cornerstone Capital Management Holdings LLC. increased its stake in Independence by 69.0% during the 4th quarter. Cornerstone Capital Management Holdings LLC. now owns 8,328 shares of the financial services provider’s stock worth $228,000 after buying an additional 3,400 shares during the period. Mackay Shields LLC purchased a new stake in Independence during the 1st quarter worth approximately $300,000. TCW Group Inc. increased its stake in Independence by 3.2% during the 1st quarter. TCW Group Inc. now owns 285,491 shares of the financial services provider’s stock worth $10,178,000 after buying an additional 8,719 shares during the period. Cannell Capital LLC increased its stake in Independence by 24.3% during the 1st quarter. Cannell Capital LLC now owns 54,690 shares of the financial services provider’s stock worth $1,950,000 after buying an additional 10,701 shares during the period. Finally, TIAA CREF Investment Management LLC increased its position 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 valued at $878,000 after purchasing an additional 13,410 shares during the last quarter. 18.17% of the stock is currently owned by hedge funds and other institutional investors.

About Independence

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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