Insider Selling: Health Insurance Innovations Inc (HIIQ) Insider Sells $280,800.00 in Stock

Health Insurance Innovations Inc (NASDAQ:HIIQ) insider Sheldon Wang sold 11,232 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $25.00, for a total transaction of $280,800.00. Following the sale, the insider now directly owns 137,769 shares of the company’s stock, valued at approximately $3,444,225. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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 stock was sold at an average price of $25.00, for a total transaction of $30,800.00.
  • On Wednesday, December 27th, Sheldon Wang sold 10,000 shares of Health Insurance Innovations stock. The stock was sold at an average price of $25.00, for a total transaction of $250,000.00.
  • On Thursday, December 21st, Sheldon Wang sold 10,000 shares of Health Insurance Innovations stock. The stock was sold at an average price of $25.20, for a total transaction of $252,000.00.
  • On Tuesday, December 19th, Sheldon Wang sold 10,000 shares of Health Insurance Innovations stock. The stock was sold at an average price of $26.30, for a total transaction of $263,000.00.
  • On Friday, December 15th, Sheldon Wang sold 5,000 shares of Health Insurance Innovations stock. The stock was sold at an average price of $27.40, for a total transaction 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 transaction of $125,000.00.

Shares of Health Insurance Innovations Inc (NASDAQ:HIIQ) opened at $25.50 on Friday. Health Insurance Innovations Inc has a 52-week low of $12.65 and a 52-week high of $37.38. The stock has a market cap of $413.52, a price-to-earnings ratio of 21.43 and a beta of 0.65.

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

Health Insurance Innovations declared that its Board of Directors has authorized a stock repurchase plan 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 repurchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its shares are undervalued.

A number of large investors have recently modified their holdings of HIIQ. Capital World Investors bought a new position in Health Insurance Innovations during the 2nd quarter valued at $11,680,000. Renaissance Technologies LLC lifted its stake in Health Insurance Innovations by 68.3% during the 2nd quarter. Renaissance Technologies LLC now owns 1,010,400 shares of the financial services provider’s stock valued at $23,744,000 after acquiring an additional 410,197 shares in the last quarter. Lyon Street Capital LLC lifted its stake in Health Insurance Innovations by 49.4% during the 3rd quarter. Lyon Street Capital LLC now owns 936,747 shares of the financial services provider’s stock valued at $13,583,000 after acquiring an additional 309,668 shares in the last quarter. Precept Management LLC lifted its stake in Health Insurance Innovations by 815.2% during the 2nd quarter. Precept Management LLC now owns 302,000 shares of the financial services provider’s stock valued at $7,097,000 after acquiring an additional 269,000 shares in the last quarter. Finally, OxFORD Asset Management LLP bought a new position in Health Insurance Innovations during the 3rd quarter valued at $3,553,000. Institutional investors and hedge funds own 68.00% of the company’s stock.

HIIQ has been the subject of several research reports. Cantor Fitzgerald reissued an “overweight” rating and issued a $38.00 price target on shares of Health Insurance Innovations in a research report on Tuesday, September 12th. Canaccord Genuity reissued a “buy” rating and issued a $39.00 price target on shares of Health Insurance Innovations in a research report on Wednesday, September 13th. TheStreet downgraded shares of Health Insurance Innovations from a “b-” rating to a “c” rating in a research report on Thursday, September 28th. ValuEngine raised shares of Health Insurance Innovations from a “buy” rating to a “strong-buy” rating in a research report on Monday, October 2nd. Finally, Zacks Investment Research downgraded shares of Health Insurance Innovations from a “buy” rating to a “hold” rating in a research report on Wednesday, October 11th. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $32.67.

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About Health Insurance Innovations

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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