Stock Worth Mentioning Today: Independence Holding Company Surges to 52-Week High, Is Now Top Performer

Stock Worth Mentioning Today: Independence Holding Company Surges to 52 Week High, Is Now Top Performer

The stock of Independence Holding Company (NYSE:IHC) hit a new 52-week high and has $20.79 target or 5.00% above today’s $19.80 share price. The 5 months bullish chart indicates low risk for the $335.38 million company. The 1-year high was reported on Nov, 29 by Barchart.com. If the $20.79 price target is reached, the company will be worth $16.77M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 15,688 shares traded hands or 92.35% up from the average. Independence Holding Company (NYSE:IHC) has risen 19.53% since April 26, 2016 and is uptrending. It has outperformed by 14.27% the S&P500.

Analysts await Independence Holding Company (NYSE:IHC) to report earnings on June, 5.

According to Zacks Investment Research, “Independence Holding Company is a holding company engaged principally in the life and health insurance business through its wholly-owned subsidiaries, Standard Security Life Insurance Company, Madison National Life Insurance Company, Inc., First Standard Security Insurance Company, IndependenceCare Holdings L.L.C.”

Insitutional Activity: The institutional sentiment increased to 2 in Q2 2016. Its up 0.71, from 1.29 in 2016Q1. The ratio increased, as 2 funds sold all Independence Holding Company shares owned while 15 reduced positions. 4 funds bought stakes while 18 increased positions. They now own 3.99 million shares or 0.62% less from 4.02 million shares in 2016Q1.
Moreover, Cornerstone Management Ltd Liability has 0% invested in Independence Holding Company (NYSE:IHC) for 8,900 shares. Citigroup holds 0% of its portfolio in Independence Holding Company (NYSE:IHC) for 2,305 shares. Bridgeway Cap Mngmt holds 95,490 shares or 0.03% of its portfolio. Bancshares Of America Corp De last reported 135 shares in the company. Tower Rech Cap Limited Liability Corporation (Trc) holds 0% of its portfolio in Independence Holding Company (NYSE:IHC) for 534 shares. Parametric Port Associate holds 0% of its portfolio in Independence Holding Company (NYSE:IHC) for 18,565 shares. Morgan Stanley has invested 0% of its portfolio in Independence Holding Company (NYSE:IHC). Mesirow Finance Invest Mngmt holds 0.01% or 11,199 shares in its portfolio. Pnc Financial Grp Inc holds 0% of its portfolio in Independence Holding Company (NYSE:IHC) for 80 shares. The Pennsylvania-based Nationwide Fund Advisors has invested 0% in Independence Holding Company (NYSE:IHC). California State Teachers Retirement System owns 14,666 shares or 0% of their US portfolio. Bancshares Of Mellon reported 38,736 shares or 0% of all its holdings. Blackrock Inc holds 1,793 shares or 0% of its portfolio. State Street Corp holds 114,591 shares or 0% of its portfolio. Ladenburg Thalmann Fin Inc has invested 0% of its portfolio in Independence Holding Company (NYSE:IHC).

More notable recent Independence Holding Company (NYSE:IHC) news were published by: Globenewswire.com which released: “Independence Holding Company and American Independence Corp. Announce Sale of …” on January 05, 2016, also Globenewswire.com with their article: “Independence Holding Company Announces Filing of a Schedule 13E-3 Relating to …” published on June 28, 2016, Globenewswire.com published: “Independence Holding Company and American Independence Corp. Announce the …” on March 31, 2016. More interesting news about Independence Holding Company (NYSE:IHC) were released by: Seekingalpha.com and their article: “Independence Holding: The Stock That Math Forgot” published on February 04, 2016 as well as Businesswire.com‘s news article titled: “A.M. Best Places Ratings of Independence Holding Company and Its Subsidiaries …” with publication date: January 06, 2016.

IHC Company Profile

Independence Holding Company (IHC), incorporated on April 23, 1980, is a holding firm principally engaged in the life and health insurance business. The Company’s divisions include Medical Stop-Loss; Fully Insured Health; Group disability, life and DBL; Individual life, annuities and other, and Corporate. The Firm owns interest in the American Independence Corp., which owns Independence American Insurance Company (Independence American), IHC Specialty Benefits, Inc. (Specialty Benefits), and controlling interests in certain agencies and call centers. It primarily provides specialized disability, and health coverage and related services to commercial clients and individuals. The Company’s insurance firm subsidiaries, Standard Security Life Insurance Company of New York (Standard Security Life) and Madison National Life Insurance Company, Inc. (Madison National Life), market their products through independent and affiliated brokers, producers and agents. Independence American also distributes through these sources, as well as to clients through controlled distribution companies and through company-owned Websites.

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