Independence (NYSE:IHC) Share Price Passes Above 200 Day Moving Average of $0.00

Independence Holding (NYSE:IHC) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.00 and traded as high as $38.32. Independence shares last traded at $37.90, with a volume of 441 shares traded.

The company has a 50-day simple moving average of $37.85. The stock has a market capitalization of $563.61 million, a P/E ratio of 18.94 and a beta of 0.28.

Independence (NYSE:IHC) last announced its quarterly earnings results on Tuesday, May 7th. The financial services provider reported $0.58 earnings per share for the quarter. The company had revenue of $94.18 million for the quarter. Independence had a net margin of 8.48% and a return on equity of 6.74%.

Institutional investors and hedge funds have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA lifted its position in Independence by 447.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 990 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 809 shares in the last quarter. Great West Life Assurance Co. Can lifted its position in Independence by 4,890.0% in the 4th quarter. Great West Life Assurance Co. Can now owns 1,497 shares of the financial services provider’s stock valued at $51,000 after acquiring an additional 1,467 shares in the last quarter. Aperio Group LLC bought a new stake in Independence in the 2nd quarter valued at $80,000. Bank of America Corp DE lifted its position in Independence by 29.0% in the 4th quarter. Bank of America Corp DE now owns 3,973 shares of the financial services provider’s stock valued at $139,000 after acquiring an additional 892 shares in the last quarter. Finally, Janney Montgomery Scott LLC bought a new stake in Independence in the 2nd quarter valued at $213,000. 18.60% of the stock is currently owned by institutional investors and hedge funds.

Independence Company Profile (NYSE:IHC)

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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