Insider Selling: Health Insurance Innovations Inc (HIIQ) CTO Sells $125,000.00 in Stock

Health Insurance Innovations Inc (NASDAQ:HIIQ) CTO Sheldon Wang sold 5,000 shares of the stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $25.00, for a total value of $125,000.00. Following the completion of the sale, the chief technology officer now directly owns 194,001 shares in the company, valued at approximately $4,850,025. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

  • 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 value of $137,000.00.

Health Insurance Innovations Inc (NASDAQ:HIIQ) opened at $26.90 on Monday. The stock has a market capitalization of $444.95, a P/E ratio of 18.30 and a beta of 0.65. Health Insurance Innovations Inc has a 12 month low of $12.65 and a 12 month high of $37.38.

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

Health Insurance Innovations declared that its board has initiated a share repurchase program on Monday, October 16th that permits the company to buyback $50.00 million in outstanding shares. This buyback authorization permits the financial services provider to buy shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

HIIQ has been the topic of several research analyst reports. Canaccord Genuity reissued a “buy” rating and set a $39.00 target price on shares of Health Insurance Innovations in a research report on Friday, September 1st. ValuEngine raised Health Insurance Innovations from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Zacks Investment Research lowered Health Insurance Innovations from a “buy” rating to a “hold” rating in a research report on Wednesday, October 11th. Finally, Cantor Fitzgerald reissued a “buy” rating and set a $38.00 target price on shares of Health Insurance Innovations in a research report on Friday, September 1st. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $30.86.

A number of large investors have recently added to or reduced their stakes in HIIQ. PNC Financial Services Group Inc. purchased a new position in Health Insurance Innovations during the 2nd quarter worth approximately $113,000. Advisors Asset Management Inc. purchased a new position in Health Insurance Innovations during the 3rd quarter worth approximately $142,000. Nationwide Fund Advisors purchased a new position in Health Insurance Innovations during the 2nd quarter worth approximately $149,000. Chicago Equity Partners LLC purchased a new position in Health Insurance Innovations during the 3rd quarter worth approximately $158,000. Finally, First Trust Advisors LP purchased a new position in Health Insurance Innovations during the 3rd quarter worth approximately $171,000. Hedge funds and other institutional investors own 68.11% of the company’s stock.

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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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