Health Insurance Innovations, Inc. (NASDAQ:HIIQ) insider Sheldon Wang sold 16,307 shares of the company’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $31.69, for a total transaction of $516,768.83. Following the transaction, the insider now owns 229,001 shares in the company, valued at approximately $7,257,041.69. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

  • On Thursday, July 13th, Sheldon Wang sold 4,750 shares of Health Insurance Innovations stock. The shares were sold at an average price of $25.80, for a total transaction of $122,550.00.
  • On Wednesday, June 14th, Sheldon Wang sold 16,421 shares of Health Insurance Innovations stock. The shares were sold at an average price of $21.79, for a total transaction of $357,813.59.
  • On Monday, June 19th, Sheldon Wang sold 26,421 shares of Health Insurance Innovations stock. The shares were sold at an average price of $22.99, for a total transaction of $607,418.79.
  • On Monday, June 12th, Sheldon Wang sold 5,149 shares of Health Insurance Innovations stock. The shares were sold at an average price of $21.60, for a total transaction of $111,218.40.

Shares of Health Insurance Innovations, Inc. (HIIQ) opened at 29.90 on Friday. Health Insurance Innovations, Inc. has a 52-week low of $4.00 and a 52-week high of $37.38. The stock has a market cap of $372.82 million, a price-to-earnings ratio of 24.19 and a beta of 0.65. The stock’s 50 day moving average is $31.55 and its 200 day moving average is $22.64.

Health Insurance Innovations (NASDAQ:HIIQ) last released its earnings results on Wednesday, August 2nd. The financial services provider reported $0.46 EPS for the quarter, topping the Zacks’ consensus estimate 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 during the quarter, compared to the consensus estimate of $53.69 million. The company’s revenue for the quarter was up 38.9% compared to the same quarter last year. On average, equities analysts predict that Health Insurance Innovations, Inc. will post $1.53 EPS for the current fiscal year.

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Several research firms have recently commented on HIIQ. ValuEngine lowered shares of Health Insurance Innovations from a “buy” rating to a “hold” rating in a research report on Monday, August 14th. Zacks Investment Research raised shares of Health Insurance Innovations from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a research report on Friday, August 4th. Canaccord Genuity reaffirmed a “buy” rating and set a $39.00 price target (up previously from $30.00) on shares of Health Insurance Innovations in a research report on Friday, August 4th. Craig Hallum reaffirmed a “buy” rating and set a $38.00 price target (up previously from $28.00) on shares of Health Insurance Innovations in a research report on Thursday, August 3rd. Finally, TheStreet raised shares of Health Insurance Innovations from a “c” rating to a “b-” rating in a research report on Monday, May 22nd. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $31.33.

A number of hedge funds have recently made changes to their positions in HIIQ. Bank of Montreal Can purchased a new position in Health Insurance Innovations during the first quarter valued at approximately $118,000. Bank of New York Mellon Corp raised its position in Health Insurance Innovations by 11.5% during the first quarter. Bank of New York Mellon Corp now owns 12,270 shares of the financial services provider’s stock valued at $197,000 after acquiring an additional 1,266 shares in the last quarter. Airain ltd purchased a new position in Health Insurance Innovations during the first quarter valued at approximately $537,000. Millrace Asset Group Inc. purchased a new position in Health Insurance Innovations during the first quarter valued at approximately $1,840,000. Finally, SG Americas Securities LLC purchased a new position in Health Insurance Innovations during the first quarter valued at approximately $252,000. Institutional investors own 90.32% 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.

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

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