$0.77 EPS Expected for Health Insurance Innovations Inc (HIIQ) This Quarter

Brokerages forecast that Health Insurance Innovations Inc (NASDAQ:HIIQ) will post $0.77 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Health Insurance Innovations’ earnings, with the highest EPS estimate coming in at $0.88 and the lowest estimate coming in at $0.71. Health Insurance Innovations reported earnings of $0.37 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 108.1%. The business is expected to report its next quarterly earnings report on Wednesday, February 27th.

On average, analysts expect that Health Insurance Innovations will report full year earnings of $2.50 per share for the current fiscal year, with EPS estimates ranging from $2.45 to $2.62. For the next year, analysts anticipate that the firm will post earnings of $3.01 per share, with EPS estimates ranging from $2.90 to $3.17. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Health Insurance Innovations.

HIIQ has been the subject of several research reports. ValuEngine cut shares of Health Insurance Innovations from a “hold” rating to a “sell” rating in a research report on Wednesday, December 12th. Zacks Investment Research raised shares of Health Insurance Innovations from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 28th. BidaskClub raised shares of Health Insurance Innovations from a “sell” rating to a “hold” rating in a research note on Thursday, January 10th. Raymond James reduced their target price on shares of Health Insurance Innovations from $60.00 to $50.00 and set an “outperform” rating on the stock in a research note on Friday, December 14th. Finally, Cantor Fitzgerald reissued a “buy” rating and set a $65.00 price objective on shares of Health Insurance Innovations in a research note on Friday, November 16th. One investment analyst has rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Health Insurance Innovations presently has an average rating of “Buy” and a consensus price target of $56.78.

In other Health Insurance Innovations news, CEO Gavin Southwell sold 65,899 shares of the company’s stock in a transaction on Monday, February 4th. The shares were sold at an average price of $40.31, for a total value of $2,656,388.69. Following the transaction, the chief executive officer now directly owns 609,723 shares in the company, valued at $24,577,934.13. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Robert S. Murley acquired 6,500 shares of the firm’s stock in a transaction on Monday, December 17th. The stock was bought at an average price of $30.85 per share, for a total transaction of $200,525.00. The disclosure for this purchase can be found here. Insiders sold 116,288 shares of company stock worth $4,684,669 over the last quarter. 55.94% of the stock is owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in HIIQ. Meeder Asset Management Inc. increased its holdings in shares of Health Insurance Innovations by 220.3% in the fourth quarter. Meeder Asset Management Inc. now owns 2,841 shares of the financial services provider’s stock valued at $76,000 after purchasing an additional 1,954 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Health Insurance Innovations by 328.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,310 shares of the financial services provider’s stock valued at $88,000 after purchasing an additional 2,538 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new position in shares of Health Insurance Innovations in the third quarter valued at $119,000. Sawtooth Solutions LLC acquired a new position in shares of Health Insurance Innovations in the third quarter valued at $211,000. Finally, Ibex Investors LLC acquired a new position in shares of Health Insurance Innovations in the third quarter valued at $218,000. Hedge funds and other institutional investors own 86.04% of the company’s stock.

Shares of Health Insurance Innovations stock opened at $38.93 on Monday. The stock has a market cap of $659.71 million, a P/E ratio of 32.44 and a beta of 1.81. Health Insurance Innovations has a 12-month low of $21.20 and a 12-month high of $63.13.

About Health Insurance Innovations

Health Insurance Innovations, Inc operates as a cloud-based technology platform and distributor of individual and family health insurance plans, and supplemental products in the United States. It offers short-term medical plans that provide three months of health insurance coverage with various deductible and copay levels; health benefit insurance plans, which offer daily cash benefit for hospital treatment and doctor office visits, as well as accidental injury and death or dismemberment benefits; and supplemental insurance products, including pharmacy benefit cards, dental plans, vision plans, cancer/critical illness plans, deductible and gap protection plans, and life insurance policies.

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