Health Insurance Innovations, Inc. (NASDAQ:HIIQ) insider Sheldon Wang sold 16,307 shares of the company’s stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $31.69, for a total value of $516,768.83. Following the completion of the sale, the insider now owns 229,001 shares in the company, valued at approximately $7,257,041.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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 value 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 value 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 value 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 value of $111,218.40.

Shares of Health Insurance Innovations, Inc. (NASDAQ HIIQ) traded down 6.61% on Thursday, reaching $30.40. The company’s stock had a trading volume of 765,835 shares. The company has a market capitalization of $379.06 million, a price-to-earnings ratio of 24.60 and a beta of 0.65. Health Insurance Innovations, Inc. has a 1-year low of $4.00 and a 1-year high of $37.38. The stock has a 50-day moving average price of $31.42 and a 200-day moving average price of $22.53.

Health Insurance Innovations (NASDAQ:HIIQ) last announced its earnings results on Wednesday, August 2nd. The financial services provider reported $0.46 earnings per share for the quarter, beating the 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 company had revenue of $61.80 million for the quarter, compared to the consensus estimate of $53.69 million. The firm’s revenue for the quarter was up 38.9% compared to the same quarter last year. On average, equities research analysts forecast that Health Insurance Innovations, Inc. will post $1.53 EPS for the current year.

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Several hedge funds have recently made changes to their positions in HIIQ. Russell Investments Group Ltd. purchased a new position in shares of Health Insurance Innovations in the 2nd quarter valued at approximately $14,467,000. Lyon Street Capital LLC purchased a new position in shares of Health Insurance Innovations in the 1st quarter valued at approximately $8,772,000. Capital World Investors purchased a new position in shares of Health Insurance Innovations in the 2nd quarter valued at approximately $11,680,000. Renaissance Technologies LLC grew its stake in shares of Health Insurance Innovations by 68.3% in 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 purchasing an additional 410,197 shares during the last quarter. Finally, Cortina Asset Management LLC purchased a new position in shares of Health Insurance Innovations in the 1st quarter valued at approximately $5,192,000. Institutional investors own 90.32% of the company’s stock.

HIIQ has been the topic of a number of recent research reports. Zacks Investment Research upgraded Health Insurance Innovations from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research report on Friday, June 2nd. Cantor Fitzgerald reiterated an “overweight” rating and issued a $35.00 target price (up previously from $30.00) on shares of Health Insurance Innovations in a research report on Monday, July 17th. Canaccord Genuity reiterated a “buy” rating and issued a $39.00 target price (up previously from $30.00) on shares of Health Insurance Innovations in a research report on Friday, August 4th. ValuEngine upgraded Health Insurance Innovations from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, Raymond James Financial, Inc. reiterated a “market perform” rating on shares of Health Insurance Innovations in a research report on Monday, June 26th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $31.33.

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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