Brokerages expect that Health Insurance Innovations Inc (NASDAQ:HIIQ) will announce $0.60 earnings per share (EPS) for the current quarter, Zacks reports. Three analysts have made estimates for Health Insurance Innovations’ earnings, with the lowest EPS estimate coming in at $0.57 and the highest estimate coming in at $0.65. Health Insurance Innovations posted earnings per share of $0.26 in the same quarter last year, which indicates a positive year over year growth rate of 130.8%. The firm is expected to report its next earnings results after the market closes on Wednesday, February 27th.
On average, analysts expect that Health Insurance Innovations will report full year earnings of $1.85 per share for the current year, with EPS estimates ranging from $1.83 to $1.90. For the next fiscal year, analysts forecast that the firm will report earnings of $2.36 per share, with EPS estimates ranging from $2.14 to $2.68. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover Health Insurance Innovations.
A number of research analysts have recently issued reports on HIIQ shares. BidaskClub raised Health Insurance Innovations from a “sell” rating to a “hold” rating in a report on Thursday, January 10th. ValuEngine cut Health Insurance Innovations from a “hold” rating to a “sell” rating in a report on Tuesday, December 18th. Zacks Investment Research cut shares of Health Insurance Innovations from a “hold” rating to a “strong sell” rating in a research note on Saturday, December 29th. B. Riley lowered shares of Health Insurance Innovations from a “buy” rating to a “neutral” rating and reduced their target price for the company from $50.00 to $45.00 in a report on Wednesday, February 27th. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and set a $65.00 price objective on shares of Health Insurance Innovations in a research report on Friday, November 16th. Three research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Health Insurance Innovations has a consensus rating of “Buy” and a consensus target price of $57.88.
In other Health Insurance Innovations news, CEO Gavin Southwell sold 65,899 shares of Health Insurance Innovations stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 609,723 shares of the company’s stock, valued at approximately $24,577,934.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert S. Murley bought 6,500 shares of Health Insurance Innovations stock in a transaction that occurred on Monday, December 17th. The shares were acquired 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. Over the last quarter, insiders have sold 117,666 shares of company stock valued at $4,739,789. 55.94% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Millennium Management LLC acquired a new stake in Health Insurance Innovations in the 4th quarter valued at about $11,197,000. Macquarie Group Ltd. raised its stake in Health Insurance Innovations by 196.3% during the fourth quarter. Macquarie Group Ltd. now owns 3,556 shares of the financial services provider’s stock worth $95,000 after acquiring an additional 2,356 shares in the last quarter. Voloridge Investment Management LLC acquired a new stake in Health Insurance Innovations during the 4th quarter valued at approximately $1,413,000. Metropolitan Life Insurance Co. NY lifted its stake in Health Insurance Innovations by 366.5% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 4,203 shares of the financial services provider’s stock valued at $112,000 after acquiring an additional 3,302 shares in the last quarter. Finally, Squarepoint Ops LLC increased its position in shares of Health Insurance Innovations by 27.1% during the 4th quarter. Squarepoint Ops LLC now owns 72,020 shares of the financial services provider’s stock valued at $1,925,000 after purchasing an additional 15,363 shares during the last quarter. 86.53% of the stock is owned by institutional investors and hedge funds.
Health Insurance Innovations Company Profile
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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