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How to buy Independence Holding Company (IHC) stocks in Canada
Learn how to easily invest in Independence Holding Company stocks.
Independence Holding Company is an insurance-life business based in the US. Independence Holding Company stocks (IHC.US) are listed on the NYSE and all prices are listed in US Dollars. Its last market close was $45.94 – an increase of 0.02% over the previous week. Independence Holding Company employs 550 staff and has a trailing 12-month revenue of around $439.3 million.
How to buy shares in Independence Holding Company
- Compare share trading platforms. Use our comparison table to help you find a platform that fits you.
- Open your brokerage account. Complete an application with your details.
- Confirm your payment details. Fund your account.
- Research the stock. Find the stock by name or ticker symbol – IHC – and research it before deciding if it's a good investment for you.
- Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price.
- Check in on your investment. Optimize your portfolio by tracking your stock.
What's in this guide?
- Can I buy shares in Independence Holding Company?
- Has coronavirus impacted Independence Holding Company shares?
- Independence Holding Company shares summary
- Compare share dealing platforms
- Is Independence Holding Company stock a buy or sell?
- Independence Holding Company performance over time
- Are Independence Holding Company shares over-valued?
- Independence Holding Company's financials
- How volatile are Independence Holding Company shares?
- Does Independence Holding Company pay a dividend?
- Have Independence Holding Company shares ever split?
- Other common questions
Independence Holding Company stock price (NYSE:IHC)Use our graph to track the performance of IHC stocks over time.
Independence Holding Company shares at a glance
|Latest market close||$56.77|
|52-week range||$36.67 - $57.21|
|50-day moving average||$56.05|
|200-day moving average||$48.40|
|Wall St. target price||$17.50|
|Dividend yield||$0.44 (0.77%)|
|Earnings per share (TTM)||$7.14|
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Note: The dollar amounts in the table below are in Canadian dollars.
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.
Independence Holding Company price performance over time
|1 week (2022-01-12)||0.02%|
|1 month (2021-12-17)||0.12%|
|3 months (2021-10-19)||14.87%|
|6 months (2021-07-19)||28.47%|
|1 year (2021-01-19)||33.95%|
|2 years (2020-01-17)||36.11%|
|3 years (2019-01-18)||57.69%|
|5 years (2017-01-19)||199.58%|
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 8x. In other words, Independence Holding Company shares trade at around 8x recent earnings.
That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
Independence Holding Company's EBITDA
Independence Holding Company's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $20.3 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||$439.3 million|
|Operating margin TTM||3.53%|
|Gross profit TTM||$229.8 million|
|Return on assets TTM||0.85%|
|Return on equity TTM||2.31%|
|Market capitalisation||$838.2 million|
TTM: trailing 12 months
Independence Holding Company share dividends
Dividend payout ratio: 121.95% of net profits
Recently Independence Holding Company has paid out, on average, around 121.95% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 0.77% 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 0.77% 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.
Independence Holding Company's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.
Independence Holding Company's most recent dividend payout was on 27 December 2021. The latest dividend was paid out to all shareholders who bought their shares by 9 December 2021 (the "ex-dividend date").
Have Independence Holding Company's shares ever split?
Independence Holding Company's shares were split on a 9:5 basis on 5 July 2004. So if you had owned 5 shares the day before before the split, the next day you'd have owned 9 shares. This wouldn't directly have changed the overall worth of your Independence Holding Company shares – just the quantity. However, indirectly, the new 44.4% lower share price could have impacted the market appetite for Independence Holding Company shares which in turn could have impacted Independence Holding Company's share price.
Independence Holding Company share price volatility
Over the last 12 months, Independence Holding Company's shares have ranged in value from as little as $36.6659 up to $57.207. A popular way to gauge a stock's volatility is its "beta".
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 0.7962. This would suggest that Independence Holding Company's shares are less volatile than average (for this exchange).
How has Coronavirus impacted Independence Holding Company's stock price?
Since the stock market crash in March caused by coronavirus, Independence Holding Company's stock price has had significant positive movement.
Its last market close was $56.77, which is 32.34% up on its pre-crash value of $38.41 and 152.54% up on the lowest point reached during the March crash when the stocks fell as low as $22.48.
If you had bought $1,000 worth of Independence Holding Company stocks at the start of February 2020, those stocks would have been worth $642.39 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth $1,399.95.
Independence Holding Company overview
Independence Holding Company, through its subsidiaries, engages in health, pet, and life insurance businesses. The company's dental portfolio includes indemnity and PPO plans for employer groups of two or more lives, and for individuals; 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; pet insurance; and occupational accident insurance products, such as accidental death, accident disability, and accident medical benefits for occupational injuries to employees of companies. In addition, the company offers group long-term and short-term disability products to employers; 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. Further, it provides medicare supplements and advantages; employer group and individual insurance products, including self-funded programs; and affordable care act plans. Independence Holding Company markets its products through general agents, independent brokers, and independent producers. The company was incorporated in 1980 and is headquartered in Stamford, Connecticut.
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