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How to buy Independence Holding Company stock | $38.09

Own Independence Holding Company stock in just a few minutes.

Fact checked

Independence Holding Company is an insurance-life business based in the US. Independence Holding Company shares (IHC) are listed on the NYSE and all prices are listed in US Dollars. Independence Holding Company employs 455 staff and has a trailing 12-month revenue of around USD$408.7 million.

How to buy shares in Independence Holding Company

  1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for Independence Holding Company. Find the stock by name or ticker symbol: IHC. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Independence Holding Company reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. At last close price of USD$38.09, weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of Independence Holding Company, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of Independence Holding Company. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

Independence Holding Company share price

Use our graph to track the performance of IHC stocks over time.

Independence Holding Company shares at a glance

Information last updated 2020-12-27.
Latest market closeUSD$38.09
52-week rangeUSD$21.7135 - USD$43.1865
50-day moving average USD$40.4336
200-day moving average USD$36.3011
Wall St. target priceUSD$17.5
PE ratio 147.786
Dividend yield USD$0.44 (1.1%)
Earnings per share (TTM) USD$0.271

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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

Is it a good time to buy Independence Holding Company stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Independence Holding Company price performance over time

Historical closes compared with the close of $38.09 from 2020-12-18

1 week (2021-01-14) -9.95%
1 month (2020-12-22) -4.92%
3 months (2020-10-21) -6.48%
6 months (2020-07-21) 15.46%
1 year (2020-01-21) -8.70%
2 years (2019-01-18) 5.81%
3 years (2018-01-19) 36.77%
5 years (2016-01-21) 174.03%

Is Independence Holding Company under- or over-valued?

Valuing Independence Holding Company stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Independence Holding Company's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Independence Holding Company's P/E ratio

Independence Holding Company's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 148x. In other words, Independence Holding Company shares trade at around 148x recent earnings.

That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.

Independence Holding Company's EBITDA

Independence Holding Company's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$13.8 million.

The EBITDA is a measure of a Independence Holding Company's overall financial performance and is widely used to measure a its profitability.

Independence Holding Company financials

Revenue TTM USD$408.7 million
Operating margin TTM 2.37%
Gross profit TTM USD$200.3 million
Return on assets TTM 0.56%
Return on equity TTM 0.91%
Profit margin 1%
Book value $31.901
Market capitalisation USD$586.2 million

TTM: trailing 12 months

Shorting Independence Holding Company shares

There are currently 59,612 Independence Holding Company shares held short by investors – that's known as Independence Holding Company's "short interest". This figure is 9.4% down from 65,816 last month.

There are a few different ways that this level of interest in shorting Independence Holding Company shares can be evaluated.

Independence Holding Company's "short interest ratio" (SIR)

Independence Holding Company's "short interest ratio" (SIR) is the quantity of Independence Holding Company shares currently shorted divided by the average quantity of Independence Holding Company shares traded daily (recently around 6713.0630630631). Independence Holding Company's SIR currently stands at 8.88. In other words for every 100,000 Independence Holding Company shares traded daily on the market, roughly 8880 shares are currently held short.

However Independence Holding Company's short interest can also be evaluated against the total number of Independence Holding Company shares, or, against the total number of tradable Independence Holding Company shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Independence Holding Company's short interest could be expressed as 0% of the outstanding shares (for every 100,000 Independence Holding Company shares in existence, roughly 0 shares are currently held short) or 0.0126% of the tradable shares (for every 100,000 tradable Independence Holding Company shares, roughly 13 shares are currently held short).

A SIR below 10% would generally be considered to indicate a fairly optimistic outlook for the share price, with fewer people currently willing to bet against Independence Holding Company.

Find out more about how you can short Independence Holding Company stock.

Independence Holding Company share dividends

43%

Dividend payout ratio: 42.76% of net profits

Recently Independence Holding Company has paid out, on average, around 42.76% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 1.1% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Independence Holding Company shareholders could enjoy a 1.1% return on their shares, in the form of dividend payments. In Independence Holding Company's case, that would currently equate to about $0.44 per share.

While Independence Holding Company's payout ratio might seem fairly standard, it's worth remembering that Independence Holding Company may be investing much of the rest of its net profits in future growth.

Independence Holding Company's most recent dividend payout was on 7 January 2021. The latest dividend was paid out to all shareholders who bought their shares by 23 December 2020 (the "ex-dividend date").

Have Independence Holding Company's shares ever split?

Independence Holding Company's shares were split on 15 February 2012.

Independence Holding Company share price volatility

Over the last 12 months, Independence Holding Company's shares have ranged in value from as little as $21.7135 up to $43.1865. A popular way to gauge a stock's volatility is its "beta".

IHC.US volatility(beta: 0.73)Avg. volatility(beta: 1.00)LowHigh

Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Independence Holding Company's is 0.7349. This would suggest that Independence Holding Company's shares are less volatile than average (for this exchange).

Independence Holding Company overview

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. It also provides supplemental products, including hospital indemnity, fixed indemnity limited benefit, critical illness, accident medical coverage, and life insurance products to individuals and families; and pet insurance and occupational accident insurance products. In addition, the company offers group long-term and short-term disability products to employers that provide benefit to their employees; New York short-term disability plan that offers temporary cash payments to replace wages lost; and group term life products, such as group term life, accidental death and dismemberment (AD&D), supplemental life and AD&D, and dependent life products. Independence Holding Company markets its products through general agents, independent brokers, and independent producers in 50 states of the United States, the District of Columbia, the Virgin Islands, and Puerto Rico. The company was founded in 1980 and is headquartered in Stamford, Connecticut.

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