Health Insurance Innovations Inc (NASDAQ:HIIQ) Director Robert S. Murley acquired 6,500 shares of the stock in a transaction on Monday, December 17th. The stock was acquired at an average cost of $30.85 per share, for a total transaction of $200,525.00. The acquisition was disclosed in a filing with the SEC, which is available through this link.
HIIQ traded up $0.16 during trading on Thursday, hitting $32.10. The company’s stock had a trading volume of 641,616 shares, compared to its average volume of 736,305. Health Insurance Innovations Inc has a twelve month low of $21.20 and a twelve month high of $63.13. The company has a market capitalization of $459.07 million, a PE ratio of 26.75 and a beta of 1.35.
Health Insurance Innovations (NASDAQ:HIIQ) last posted its earnings results on Monday, October 29th. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.02. The business had revenue of $74.00 million for the quarter, compared to analyst estimates of $73.39 million. Health Insurance Innovations had a net margin of 4.89% and a return on equity of 20.81%. Health Insurance Innovations’s revenue was up 16.4% compared to the same quarter last year. During the same period last year, the business posted $0.46 EPS. As a group, research analysts anticipate that Health Insurance Innovations Inc will post 1.84 earnings per share for the current year.
A number of hedge funds have recently bought and sold shares of HIIQ. Harvest Fund Management Co. Ltd purchased a new position in shares of Health Insurance Innovations in the 3rd quarter worth approximately $119,000. Sawtooth Solutions LLC purchased a new stake in shares of Health Insurance Innovations during the 3rd quarter worth approximately $211,000. Ibex Investors LLC acquired a new position in shares of Health Insurance Innovations during the 3rd quarter worth approximately $218,000. Cim LLC acquired a new position in shares of Health Insurance Innovations during the 3rd quarter worth approximately $246,000. Finally, Thompson Siegel & Walmsley LLC acquired a new position in Health Insurance Innovations in the 2nd quarter valued at $259,000. 79.18% of the stock is currently owned by institutional investors.
HIIQ has been the subject of several recent analyst reports. BidaskClub upgraded shares of Health Insurance Innovations from a “sell” rating to a “hold” rating in a report on Thursday. Zacks Investment Research cut shares of Health Insurance Innovations from a “hold” rating to a “strong sell” rating in a report on Saturday, December 29th. ValuEngine cut shares of Health Insurance Innovations from a “hold” rating to a “sell” rating in a report on Tuesday, December 18th. Finally, B. Riley reduced their price target on shares of Health Insurance Innovations to $55.00 and set a “buy” rating for the company in a research report on Friday, December 21st. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $56.78.
About Health Insurance Innovations
Health Insurance Innovations, Inc operates as a cloud-based technology platform and distributor of individual and family health insurance plans, and supplemental products in the United States. It offers short-term medical plans that provides three months of health insurance coverage with various deductible and copay levels; health benefit insurance plans, which offer daily cash benefit for hospital treatment and doctor office visits, as well as accidental injury and death or dismemberment benefits; and supplemental insurance products, including pharmacy benefit cards, dental plans, vision plans, cancer/critical illness plans, deductible and gap protection plans, and life insurance policies.
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