Michael D. Hershberger Sells 5,000 Shares of Health Insurance Innovations, Inc. (HIIQ) Stock
Health Insurance Innovations, Inc. (NASDAQ:HIIQ) CFO Michael D. Hershberger sold 5,000 shares of the firm’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $23.22, for a total value of $116,100.00. Following the completion of the sale, the chief financial officer now directly owns 105,369 shares in the company, valued at approximately $2,446,668.18. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Health Insurance Innovations, Inc. (NASDAQ HIIQ) traded up 0.78% on Friday, hitting $25.70. The stock had a trading volume of 587,871 shares. The company has a market cap of $303.70 million, a P/E ratio of 23.19 and a beta of 0.64. The stock’s 50-day moving average is $22.18 and its 200-day moving average is $18.49. Health Insurance Innovations, Inc. has a 52-week low of $3.80 and a 52-week high of $26.80.
Health Insurance Innovations (NASDAQ:HIIQ) last posted its quarterly earnings data on Wednesday, May 3rd. The financial services provider reported $0.36 EPS for the quarter, topping the consensus estimate of $0.31 by $0.05. The firm had revenue of $55.87 million during the quarter, compared to analyst estimates of $54.18 million. Health Insurance Innovations had a net margin of 4.77% and a return on equity of 20.05%. Analysts expect that Health Insurance Innovations, Inc. will post $1.44 earnings per share for the current year.
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A number of research analysts have recently commented on the company. UBS AG upgraded Health Insurance Innovations to an “outperform” rating in a research note on Thursday, May 4th. Zacks Investment Research lowered Health Insurance Innovations from a “buy” rating to a “hold” rating in a research report on Wednesday. Canaccord Genuity reaffirmed a “buy” rating and set a $30.00 target price on shares of Health Insurance Innovations in a research report on Thursday. TheStreet raised Health Insurance Innovations from a “c” rating to a “b-” rating in a research report on Monday, May 22nd. Finally, Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of Health Insurance Innovations in a research report on Monday, June 26th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Health Insurance Innovations has an average rating of “Buy” and a consensus price target of $25.83.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Argent Capital Management LLC bought a new position in shares of Health Insurance Innovations during the first quarter worth about $2,094,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Health Insurance Innovations during the first quarter worth about $277,000. SG Americas Securities LLC bought a new position in shares of Health Insurance Innovations during the first quarter worth about $252,000. Millrace Asset Group Inc. bought a new position in shares of Health Insurance Innovations during the first quarter worth about $1,840,000. Finally, Airain ltd acquired a new stake in Health Insurance Innovations during the first quarter valued at approximately $537,000. Institutional investors and hedge funds own 70.48% of the company’s stock.
Health Insurance Innovations Company Profile
Health Insurance Innovations, Inc is a developer, distributor and cloud-based administrator of individual and family health insurance plans (IFPs) and supplemental products, which include short-term medical (STM) insurance plans, and guaranteed-issue and underwritten hospital indemnity plans. The Company also develops, distributes and administers supplemental products, which include a range of additional insurance and non-insurance products, such as pharmacy benefit cards, dental plans, vision plans, cancer/critical illness plans, deductible and gap protection plans, and life insurance policies that are purchased as supplements to IFP.
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