Independence (NYSE:IHC) Stock Price Crosses Above 200 Day Moving Average of $41.05

Shares of Independence Holding (NYSE:IHC) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $41.05 and traded as high as $44.99. Independence shares last traded at $44.10, with a volume of 3,372 shares changing hands.

Separately, TheStreet upgraded Independence from a “c” rating to a “b-” rating in a research note on Thursday, April 8th.

The firm has a market capitalization of $634.44 million, a P/E ratio of 155.08 and a beta of 0.72. The stock has a 50-day moving average of $42.71 and a 200 day moving average of $41.07.

Independence (NYSE:IHC) last released its quarterly earnings results on Monday, March 15th. The financial services provider reported $0.37 EPS for the quarter. The business had revenue of $119.34 million for the quarter. Independence had a return on equity of 2.53% and a net margin of 0.98%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cannell Capital LLC grew its position in Independence by 7.5% during the 4th quarter. Cannell Capital LLC now owns 416,913 shares of the financial services provider’s stock worth $17,093,000 after acquiring an additional 28,997 shares during the last quarter. BlackRock Inc. lifted its holdings in Independence by 7.1% during the 1st quarter. BlackRock Inc. now owns 319,659 shares of the financial services provider’s stock worth $12,738,000 after buying an additional 21,318 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Independence by 0.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 255,119 shares of the financial services provider’s stock worth $10,459,000 after buying an additional 688 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Independence by 1.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 48,041 shares of the financial services provider’s stock worth $1,970,000 after buying an additional 829 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Independence by 1.9% during the 4th quarter. Bank of New York Mellon Corp now owns 30,889 shares of the financial services provider’s stock worth $1,267,000 after buying an additional 585 shares in the last quarter. Institutional investors and hedge funds own 20.29% of the company’s stock.

Independence Company Profile (NYSE:IHC)

Independence Holding Company, through its subsidiaries, engages in health, pet, and life insurance businesses. The company's dental portfolio includes indemnity and PPO plans for employer groups of two or more lives, and for individuals; 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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