News stories about Independence (NYSE:IHC) have been trending somewhat positive recently, according to Accern. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Independence earned a media sentiment score of 0.01 on Accern’s scale. Accern also assigned news stories about the financial services provider an impact score of 46.0601707537578 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Separately, ValuEngine lowered shares of Independence from a “buy” rating to a “hold” rating in a report on Tuesday.
Shares of NYSE IHC opened at $35.25 on Wednesday. The company has a market capitalization of $523.90 million, a P/E ratio of 11.63 and a beta of 0.09. Independence has a 1 year low of $20.85 and a 1 year high of $39.85.
In related news, insider Larry Graber sold 3,247 shares of the firm’s stock in a transaction that occurred on Tuesday, August 14th. The shares were sold at an average price of $37.28, for a total value of $121,048.16. Following the completion of the transaction, the insider now owns 55,482 shares in the company, valued at approximately $2,068,368.96. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In the last quarter, insiders sold 8,609 shares of company stock valued at $316,360. 8.00% of the stock is owned by company 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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