Health Insurance Innovations, Inc. (NASDAQ:HIIQ) Ceo Of Healthpocket Bruce Telkamp sold 9,970 shares of the firm’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $36.19, for a total value of $360,814.30. Following the completion of the transaction, the insider now directly owns 19,500 shares in the company, valued at approximately $705,705. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Bruce Telkamp also recently made the following trade(s):

  • On Monday, August 7th, Bruce Telkamp sold 11,501 shares of Health Insurance Innovations stock. The stock was sold at an average price of $31.45, for a total value of $361,706.45.
  • On Wednesday, August 2nd, Bruce Telkamp sold 15,000 shares of Health Insurance Innovations stock. The stock was sold at an average price of $26.27, for a total value of $394,050.00.
  • On Monday, July 31st, Bruce Telkamp sold 15,000 shares of Health Insurance Innovations stock. The stock was sold at an average price of $27.76, for a total value of $416,400.00.
  • On Monday, July 24th, Bruce Telkamp sold 15,000 shares of Health Insurance Innovations stock. The stock was sold at an average price of $27.76, for a total value of $416,400.00.
  • On Wednesday, July 26th, Bruce Telkamp sold 30,000 shares of Health Insurance Innovations stock. The stock was sold at an average price of $28.30, for a total value of $849,000.00.
  • On Monday, July 17th, Bruce Telkamp sold 15,000 shares of Health Insurance Innovations stock. The stock was sold at an average price of $26.50, for a total value of $397,500.00.
  • On Tuesday, July 18th, Bruce Telkamp sold 30,000 shares of Health Insurance Innovations stock. The stock was sold at an average price of $26.68, for a total value of $800,400.00.

Shares of Health Insurance Innovations, Inc. (HIIQ) traded up 5.14% during mid-day trading on Friday, reaching $22.50. The company had a trading volume of 1,533,609 shares. The stock has a 50 day moving average of $30.59 and a 200-day moving average of $22.78. The company has a market capitalization of $280.55 million, a price-to-earnings ratio of 18.20 and a beta of 0.65. Health Insurance Innovations, Inc. has a 52 week low of $4.00 and a 52 week high of $37.38.

Health Insurance Innovations (NASDAQ:HIIQ) last issued its earnings results on Wednesday, August 2nd. The financial services provider reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.13. Health Insurance Innovations had a return on equity of 22.89% and a net margin of 5.56%. The firm had revenue of $61.80 million for the quarter, compared to the consensus estimate of $53.69 million. The company’s revenue was up 38.9% compared to the same quarter last year. On average, analysts expect that Health Insurance Innovations, Inc. will post $1.53 earnings per share for the current fiscal year.

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Several research analysts have recently commented on HIIQ shares. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $38.00 price objective on shares of Health Insurance Innovations in a research note on Tuesday, September 12th. Zacks Investment Research raised Health Insurance Innovations from a “hold” rating to a “strong-buy” rating and set a $27.00 price objective on the stock in a research note on Wednesday, June 21st. Craig Hallum started coverage on Health Insurance Innovations in a research note on Monday, June 12th. They issued a “buy” rating and a $28.00 price objective on the stock. Canaccord Genuity reaffirmed a “buy” rating and issued a $39.00 price objective (up previously from $30.00) on shares of Health Insurance Innovations in a research note on Friday, August 4th. Finally, ValuEngine downgraded Health Insurance Innovations from a “buy” rating to a “hold” rating in a research note on Monday, August 14th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Health Insurance Innovations has an average rating of “Buy” and a consensus target price of $31.33.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HIIQ. Bank of Montreal Can acquired a new position in Health Insurance Innovations in the 1st quarter worth about $118,000. Bank of New York Mellon Corp raised its holdings in Health Insurance Innovations by 11.5% in the 1st quarter. Bank of New York Mellon Corp now owns 12,270 shares of the financial services provider’s stock worth $197,000 after purchasing an additional 1,266 shares during the period. Acrospire Investment Management LLC raised its holdings in Health Insurance Innovations by 36.8% in the 1st quarter. Acrospire Investment Management LLC now owns 11,505 shares of the financial services provider’s stock worth $184,000 after purchasing an additional 3,094 shares during the period. Airain ltd acquired a new position in Health Insurance Innovations in the 1st quarter worth about $537,000. Finally, Millrace Asset Group Inc. acquired a new position in Health Insurance Innovations in the 1st quarter worth about $1,840,000. 90.32% of the stock is owned by institutional investors.

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.

Insider Buying and Selling by Quarter for Health Insurance Innovations (NASDAQ:HIIQ)

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