Insider Selling: nib holdings limited (ASX:NHF) Insider Sells 81,760 Shares of Stock

nib holdings limited (ASX:NHF) insider Mark Fitzgibbon sold 81,760 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of A$5.84 ($3.95), for a total value of A$477,723.68 ($322,786.27).

Mark Fitzgibbon also recently made the following trade(s):

• On Tuesday, September 10th, Mark Fitzgibbon sold 60,000 shares of NIB stock. The shares were sold at an average price of A$5.77 ($3.90), for a total value of A$346,440.00 ($234,081.08).
• On Monday, September 2nd, Mark Fitzgibbon acquired 85,685 shares of NIB stock. The stock was purchased at an average cost of A$6.42 ($4.34) per share, for a total transaction of A$550,097.70 ($371,687.64).

NIB Price Performance

The company has a quick ratio of 1.61, a current ratio of 2.26 and a debt-to-equity ratio of 29.39.

NIB Cuts Dividend

The firm also recently disclosed a Final dividend, which will be paid on Monday, October 7th. Stockholders of record on Monday, October 7th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Wednesday, September 4th. This represents a dividend yield of 2.24%. NIB’s dividend payout ratio is presently 73.68%.

About NIB

nib holdings limited, together with its subsidiaries, underwrites and distributes private health insurance to residents, international students, and visitors in Australia and New Zealand. The company operates in five segments: Australian Residents Health Insurance, New Zealand Insurance, International (Inbound) Health Insurance, nib Travel, and nib Thrive segments.