Independence Holding (IHC) Stake Decreased by California State Teachers Retirement System

California State Teachers Retirement System cut its position in shares of Independence Holding (NYSE:IHC) by 19.7% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,766 shares of the financial services provider’s stock after selling 2,400 shares during the quarter. California State Teachers Retirement System owned about 0.07% of Independence worth $247,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Wells Fargo & Company MN boosted its holdings in Independence by 34.8% in the third quarter. Wells Fargo & Company MN now owns 12,543 shares of the financial services provider’s stock worth $317,000 after acquiring an additional 3,239 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Independence by 0.3% in the second quarter. Bank of New York Mellon Corp now owns 41,941 shares of the financial services provider’s stock worth $858,000 after acquiring an additional 124 shares in the last quarter. Northern Trust Corp boosted its holdings in Independence by 3.0% in the second quarter. Northern Trust Corp now owns 91,542 shares of the financial services provider’s stock worth $1,872,000 after acquiring an additional 2,665 shares in the last quarter. State Street Corp boosted its holdings in Independence by 3.8% in the second quarter. State Street Corp now owns 123,403 shares of the financial services provider’s stock worth $2,523,000 after acquiring an additional 4,561 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Independence by 0.4% in the second quarter. Vanguard Group Inc. now owns 213,018 shares of the financial services provider’s stock worth $4,356,000 after acquiring an additional 857 shares in the last quarter. Institutional investors own 17.56% of the company’s stock.

Independence Holding (NYSE IHC) opened at $27.60 on Thursday. Independence Holding has a one year low of $16.55 and a one year high of $30.05. The firm has a market capitalization of $403.51, a price-to-earnings ratio of 14.07 and a beta of 0.37.

The firm also recently declared a semiannual dividend, which was paid on Tuesday, January 16th. Stockholders of record on Tuesday, January 2nd were paid a $0.10 dividend. The ex-dividend date was Friday, December 29th. This represents a dividend yield of 0.7%. This is a boost from Independence’s previous semiannual dividend of $0.06. Independence’s payout ratio is currently 10.10%.

Separately, ValuEngine raised Independence from a “hold” rating to a “buy” rating in a report on Friday, February 2nd.

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Independence Company Profile

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).

Institutional Ownership by Quarter for Independence (NYSE:IHC)

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