Accredited Investors Inc. cut its position in Independence Holding Company (NYSE:IHC) by 23.5% during the second quarter, Holdings Channel reports. The institutional investor owned 16,236 shares of the financial services provider’s stock after selling 5,000 shares during the period. Accredited Investors Inc.’s holdings in Independence Holding were worth $332,000 at the end of the most recent reporting period.
Independence Holding Company (IHC) opened at 21.40 on Friday. Independence Holding Company has a 52 week low of $16.43 and a 52 week high of $22.30. The firm has a 50-day moving average price of $21.31 and a 200-day moving average price of $19.47. The company has a market capitalization of $320.57 million, a price-to-earnings ratio of 11.41 and a beta of 0.36.
The firm also recently declared a semiannual dividend, which was paid on Monday, July 31st. Shareholders of record on Monday, July 17th were issued a dividend of $0.06 per share. The ex-dividend date was Thursday, July 13th. This represents a yield of 0.56%. Independence Holding’s dividend payout ratio is presently 6.35%.
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About Independence Holding
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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