First Eagle Investment Management LLC Sells 38,314 Shares of Independence Holding Company (IHC)

First Eagle Investment Management LLC trimmed its holdings in Independence Holding Company (NYSE:IHC) by 6.4% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 556,545 shares of the financial services provider’s stock after selling 38,314 shares during the quarter. First Eagle Investment Management LLC owned 3.73% of Independence Holding worth $14,053,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in IHC. Bank of New York Mellon Corp raised its holdings in Independence Holding by 0.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 41,941 shares of the financial services provider’s stock valued at $858,000 after buying an additional 124 shares during the last quarter. Vanguard Group Inc. raised its holdings in Independence Holding by 0.4% during the 2nd quarter. Vanguard Group Inc. now owns 213,018 shares of the financial services provider’s stock valued at $4,356,000 after buying an additional 857 shares during the last quarter. Northern Trust Corp raised its holdings in Independence Holding by 3.0% in the 2nd quarter. Northern Trust Corp now owns 91,542 shares of the financial services provider’s stock worth $1,872,000 after purchasing an additional 2,665 shares in the last quarter. State Street Corp raised its holdings in Independence Holding by 3.8% in the 2nd quarter. State Street Corp now owns 123,403 shares of the financial services provider’s stock worth $2,523,000 after purchasing an additional 4,561 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Independence Holding by 1.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 990,861 shares of the financial services provider’s stock worth $20,263,000 after purchasing an additional 11,259 shares in the last quarter. Hedge funds and other institutional investors own 23.70% of the company’s stock.

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Shares of Independence Holding Company (IHC) traded down $0.25 during midday trading on Wednesday, reaching $27.30. 5,700 shares of the company’s stock traded hands, compared to its average volume of 12,354. Independence Holding Company has a 1-year low of $16.55 and a 1-year high of $29.15. The company has a market cap of $409.46, a price-to-earnings ratio of 14.27 and a beta of 0.31.

Independence Holding Profile

Independence Holding Company (IHC) is a holding company principally engaged in the life and health insurance business. The Company’s segments include Medical Stop-Loss; Fully Insured Health; Group disability, life and DBL; Individual life, annuities and other, and Corporate. The Company is a writer across the nation of excess or stop-loss insurance for self-insured employer groups that desire to manage the risk of large medical claims (Medical Stop-Loss).

Institutional Ownership by Quarter for Independence Holding (NYSE:IHC)

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