Independence Holding (IHC) Holdings Trimmed by Bank of New York Mellon Corp

Bank of New York Mellon Corp cut its stake in shares of Independence Holding (NYSE:IHC) by 22.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,614 shares of the financial services provider’s stock after selling 9,327 shares during the period. Bank of New York Mellon Corp’s holdings in Independence were worth $824,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of IHC. Northern Trust Corp lifted its stake in Independence by 3.0% during 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 in the last quarter. Vanguard Group Inc. lifted its stake in Independence by 0.4% during 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 in the last quarter. Dimensional Fund Advisors LP lifted its stake in Independence by 1.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 990,861 shares of the financial services provider’s stock valued at $20,263,000 after acquiring an additional 11,259 shares in the last quarter. Finally, State Street Corp lifted its stake in Independence by 3.8% during the 2nd quarter. State Street Corp now owns 123,403 shares of the financial services provider’s stock valued at $2,523,000 after acquiring an additional 4,561 shares in the last quarter. Institutional investors and hedge funds own 17.55% of the company’s stock.

Independence Holding (NYSE:IHC) opened at $27.50 on Friday. Independence Holding has a 52 week low of $16.55 and a 52 week high of $30.00. The firm has a market capitalization of $403.51, a price-to-earnings ratio of 13.89 and a beta of 0.34.

The business also recently disclosed a semiannual dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Tuesday, January 2nd will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, December 29th. This is a boost from Independence’s previous semiannual dividend of $0.06. This represents a yield of 0.7%. Independence’s dividend payout ratio (DPR) is 10.10%.

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About Independence

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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Institutional Ownership by Quarter for Independence (NYSE:IHC)

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