Independence (NYSE:IHC) Stock Price Passes Above 200-Day Moving Average of $37.42

Independence Holding (NYSE:IHC) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $37.42 and traded as high as $38.05. Independence shares last traded at $37.91, with a volume of 1,886 shares traded.

The stock has a market cap of $566.72 million, a P/E ratio of 18.95 and a beta of 0.24. The firm’s fifty day moving average is $37.87 and its 200 day moving average is $37.42.

Institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. grew its position in Independence by 2.4% in the fourth quarter. BlackRock Inc. now owns 259,953 shares of the financial services provider’s stock worth $9,150,000 after buying an additional 5,987 shares during the last quarter. Bank of New York Mellon Corp grew its position in Independence by 35.1% in the fourth quarter. Bank of New York Mellon Corp now owns 32,438 shares of the financial services provider’s stock worth $1,141,000 after buying an additional 8,427 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Independence by 4.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 223,627 shares of the financial services provider’s stock worth $7,872,000 after buying an additional 10,474 shares during the last quarter. Geode Capital Management LLC grew its position in Independence by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 74,258 shares of the financial services provider’s stock worth $2,613,000 after buying an additional 1,864 shares during the last quarter. Finally, Bank of America Corp DE grew its position in Independence by 29.0% in the fourth quarter. Bank of America Corp DE now owns 3,973 shares of the financial services provider’s stock worth $139,000 after buying an additional 892 shares during the last quarter. Hedge funds and other institutional investors own 18.64% of the company’s stock.

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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