Health Insurance Innovations Inc (NASDAQ:HIIQ) CTO Sheldon Wang sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $25.00, for a total value of $125,000.00. Following the transaction, the chief technology officer now directly owns 122,769 shares in the company, valued at approximately $3,069,225. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Sheldon Wang also recently made the following trade(s):

  • On Friday, December 28th, Sheldon Wang sold 1,232 shares of Health Insurance Innovations stock. The shares were sold at an average price of $25.00, for a total value of $30,800.00.
  • On Tuesday, January 2nd, Sheldon Wang sold 11,232 shares of Health Insurance Innovations stock. The shares were sold at an average price of $25.00, for a total value of $280,800.00.
  • On Wednesday, December 27th, Sheldon Wang sold 10,000 shares of Health Insurance Innovations stock. The shares were sold at an average price of $25.00, for a total value of $250,000.00.
  • On Thursday, December 21st, Sheldon Wang sold 10,000 shares of Health Insurance Innovations stock. The shares were sold at an average price of $25.20, for a total value of $252,000.00.
  • On Tuesday, December 19th, Sheldon Wang sold 10,000 shares of Health Insurance Innovations stock. The shares were sold at an average price of $26.30, for a total value of $263,000.00.
  • On Friday, December 15th, Sheldon Wang sold 5,000 shares of Health Insurance Innovations stock. The shares were sold at an average price of $27.40, for a total value of $137,000.00.
  • On Wednesday, December 13th, Sheldon Wang sold 5,000 shares of Health Insurance Innovations stock. The shares were sold at an average price of $25.00, for a total value of $125,000.00.

Shares of Health Insurance Innovations Inc (HIIQ) traded up $2.00 during trading hours on Friday, reaching $27.50. The company had a trading volume of 760,655 shares, compared to its average volume of 444,250. The firm has a market capitalization of $454.92, a P/E ratio of 22.54 and a beta of 0.65. Health Insurance Innovations Inc has a 1-year low of $12.65 and a 1-year high of $37.38.

Health Insurance Innovations (NASDAQ:HIIQ) last issued its quarterly earnings results on Wednesday, November 1st. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.11. The business had revenue of $63.34 million for the quarter, compared to the consensus estimate of $59.30 million. Health Insurance Innovations had a return on equity of 21.32% and a net margin of 5.98%. The firm’s quarterly revenue was up 37.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.33 earnings per share. equities analysts expect that Health Insurance Innovations Inc will post 1.39 EPS for the current fiscal year.

Health Insurance Innovations announced that its Board of Directors has initiated a share buyback program on Monday, October 16th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the financial services provider to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its stock is undervalued.

Several research firms have recently commented on HIIQ. ValuEngine downgraded Health Insurance Innovations from a “buy” rating to a “hold” rating in a research report on Wednesday. Canaccord Genuity reaffirmed a “buy” rating and issued a $39.00 target price on shares of Health Insurance Innovations in a research report on Friday, December 22nd. BidaskClub downgraded Health Insurance Innovations from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 2nd. Northland Securities reaffirmed a “buy” rating and issued a $37.00 target price on shares of Health Insurance Innovations in a research report on Tuesday, October 17th. Finally, TheStreet downgraded Health Insurance Innovations from a “b-” rating to a “c” rating in a research report on Thursday, September 28th. Two research 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 company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $32.67.

Large investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. acquired a new stake in Health Insurance Innovations during the second quarter worth approximately $113,000. Advisors Asset Management Inc. acquired a new stake in Health Insurance Innovations during the third quarter worth approximately $142,000. Nationwide Fund Advisors acquired a new stake in Health Insurance Innovations during the second quarter worth approximately $149,000. Chicago Equity Partners LLC acquired a new stake in Health Insurance Innovations during the third quarter worth approximately $158,000. Finally, First Trust Advisors LP acquired a new stake in Health Insurance Innovations during the third quarter worth approximately $171,000. 68.00% of the stock is currently owned by institutional investors and hedge funds.

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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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