Renaissance Technologies LLC lifted its holdings in shares of Independence Holding (NYSE:IHC) by 48.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 26,800 shares of the financial services provider’s stock after purchasing an additional 8,800 shares during the quarter. Renaissance Technologies LLC owned about 0.18% of Independence worth $891,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently made changes to their positions in the company. Swiss National Bank purchased a new position in Independence during the 2nd quarter valued at about $299,000. Strs Ohio boosted its holdings in Independence by 19.2% during the 2nd quarter. Strs Ohio now owns 17,400 shares of the financial services provider’s stock valued at $578,000 after acquiring an additional 2,800 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in Independence by 18.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 157,835 shares of the financial services provider’s stock valued at $5,627,000 after acquiring an additional 24,751 shares during the period. Institutional investors own 18.15% of the company’s stock.
IHC stock opened at $35.34 on Friday. The stock has a market capitalization of $523.21 million, a price-to-earnings ratio of 11.66 and a beta of 0.14. Independence Holding has a 1 year low of $26.50 and a 1 year high of $39.85.
Independence (NYSE:IHC) last posted its quarterly earnings results on Tuesday, August 7th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter. The company had revenue of $84.89 million for the quarter. Independence had a return on equity of 10.62% and a net margin of 10.75%.
Separately, ValuEngine cut Independence from a “buy” rating to a “hold” rating in a report on Tuesday, September 4th.
In other Independence news, SVP Larry Graber sold 1,200 shares of the stock in a transaction dated Thursday, August 16th. The stock was sold at an average price of $37.15, for a total value of $44,580.00. Following the sale, the senior vice president now owns 58,090 shares of the company’s stock, valued at approximately $2,158,043.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 21,892 shares of company stock worth $779,451 in the last ninety days. 6.96% of the stock is owned by corporate insiders.
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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