Insider Selling: nib holdings limited (ASX:NHF) Insider Sells A$477,723.68 in Stock

nib holdings limited (ASX:NHF) insider Mark Fitzgibbon sold 81,760 shares of the firm’s stock in a transaction dated 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 stock was 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 bought 85,685 shares of NIB stock. The stock was bought 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 Stock Performance

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

NIB Cuts Dividend

The company also recently announced a Final dividend, which will be paid on Monday, October 7th. Stockholders of record on Monday, October 7th will be issued a $0.14 dividend. This represents a dividend yield of 2.24%. The ex-dividend date is Wednesday, September 4th. NIB’s payout ratio is 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.