Health Insurance Innovations, Inc. (NASDAQ:HIIQ) CEO Bruce Telkamp sold 11,501 shares of the company’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $31.45, for a total value of $361,706.45. Following the completion of the transaction, the chief executive officer now directly owns 17,500 shares in the company, valued at $550,375. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

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

  • 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.
  • On Friday, May 26th, Bruce Telkamp sold 3,901 shares of Health Insurance Innovations stock. The stock was sold at an average price of $22.60, for a total value of $88,162.60.
  • On Friday, May 12th, Bruce Telkamp sold 18,745 shares of Health Insurance Innovations stock. The stock was sold at an average price of $21.94, for a total value of $411,265.30.

Shares of Health Insurance Innovations, Inc. (HIIQ) traded down 1.27% on Wednesday, hitting $31.00. The stock had a trading volume of 495,506 shares. The stock has a market capitalization of $358.05 million, a PE ratio of 25.08 and a beta of 0.68. The firm’s 50 day moving average is $25.90 and its 200-day moving average is $20.28. Health Insurance Innovations, Inc. has a one year low of $3.92 and a one year high of $32.95.

Health Insurance Innovations (NASDAQ:HIIQ) last released its earnings results on Wednesday, August 2nd. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.13. The business had revenue of $61.80 million for the quarter, compared to the consensus estimate of $53.69 million. Health Insurance Innovations had a return on equity of 23.92% and a net margin of 5.56%. The company’s quarterly revenue was up 38.9% on a year-over-year basis. Equities research 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 weighed in on HIIQ shares. Zacks Investment Research lowered Health Insurance Innovations from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 3rd. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $35.00 target price (up from $30.00) on shares of Health Insurance Innovations in a research report on Monday, July 17th. Canaccord Genuity reissued a “buy” rating and set a $39.00 price objective (up previously from $30.00) on shares of Health Insurance Innovations in a report on Friday, August 4th. Raymond James Financial, Inc. reissued a “market perform” rating on shares of Health Insurance Innovations in a report on Monday, June 26th. Finally, Craig Hallum began coverage on Health Insurance Innovations in a report on Monday, June 12th. They set a “buy” rating and a $28.00 price objective on the stock. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $30.83.

Several hedge funds have recently added to or reduced their stakes in the stock. Cadence Capital Management LLC bought a new stake in Health Insurance Innovations during the first quarter worth about $1,026,000. Argent Capital Management LLC bought a new stake in Health Insurance Innovations during the first quarter worth about $2,094,000. Dynamic Technology Lab Private Ltd bought a new stake in Health Insurance Innovations during the first quarter worth about $277,000. SG Americas Securities LLC bought a new stake in Health Insurance Innovations during the first quarter worth about $252,000. Finally, Millrace Asset Group Inc. bought a new stake in Health Insurance Innovations during the first quarter worth about $1,840,000. 72.13% of the stock is currently owned by institutional investors and hedge funds.

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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