Strs Ohio cut its stake in Independence Holding (NYSE:IHC) by 11.7% during the 4th quarter, Holdings Channel reports. The fund owned 14,400 shares of the financial services provider’s stock after selling 1,900 shares during the period. Strs Ohio’s holdings in Independence were worth $506,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in IHC. Bank of America Corp DE lifted its position in Independence by 61.6% during the second quarter. Bank of America Corp DE now owns 5,009 shares of the financial services provider’s stock valued at $166,000 after buying an additional 1,909 shares in the last quarter. Wells Fargo & Company MN lifted its position in Independence by 30.1% during the third quarter. Wells Fargo & Company MN now owns 18,851 shares of the financial services provider’s stock valued at $676,000 after buying an additional 4,360 shares in the last quarter. Millennium Management LLC acquired a new position in Independence during the second quarter valued at approximately $725,000. Renaissance Technologies LLC lifted its position in Independence by 48.9% during the second quarter. Renaissance Technologies LLC now owns 26,800 shares of the financial services provider’s stock valued at $891,000 after buying an additional 8,800 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Independence by 20.1% during the second quarter. Dimensional Fund Advisors LP now owns 189,530 shares of the financial services provider’s stock valued at $6,302,000 after purchasing an additional 31,695 shares during the period. 18.08% of the stock is currently owned by institutional investors and hedge funds.

IHC opened at $37.24 on Tuesday. The company has a market cap of $540.07 million, a PE ratio of 10.89 and a beta of 0.25. Independence Holding has a 52-week low of $26.55 and a 52-week high of $40.66.

The business also recently declared a semiannual dividend, which was paid on Wednesday, January 23rd. Investors of record on Wednesday, January 9th were paid a $0.15 dividend. This represents a dividend yield of 0.85%. The ex-dividend date of this dividend was Tuesday, January 8th. This is a positive change from Independence’s previous semiannual dividend of $0.10.

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About Independence

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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Institutional Ownership by Quarter for Independence (NYSE:IHC)

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