Sheldon Wang Sells 4,530 Shares of Health Insurance Innovations, Inc. (HIIQ) Stock

Health Insurance Innovations, Inc. (NASDAQ:HIIQ) insider Sheldon Wang sold 4,530 shares of the company’s stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $32.73, for a total transaction of $148,266.90. Following the completion of the sale, the insider now directly owns 224,894 shares of the company’s stock, valued at $7,360,780.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

  • On Wednesday, September 6th, Sheldon Wang sold 16,307 shares of Health Insurance Innovations stock. The shares were sold at an average price of $31.69, for a total transaction of $516,768.83.
  • 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 transaction 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 transaction 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 transaction of $607,418.79.

Health Insurance Innovations, Inc. (NASDAQ HIIQ) opened at 19.75 on Wednesday. The company’s 50-day moving average is $31.42 and its 200 day moving average is $22.75. The stock has a market capitalization of $246.26 million, a PE ratio of 15.98 and a beta of 0.65. Health Insurance Innovations, Inc. has a 12-month low of $4.00 and a 12-month high of $37.38.

Health Insurance Innovations (NASDAQ:HIIQ) last posted its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $0.46 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.13. Health Insurance Innovations had a net margin of 5.56% and a return on equity of 22.89%. The business had revenue of $61.80 million during the quarter, compared to analyst estimates of $53.69 million. Health Insurance Innovations’s revenue for the quarter was up 38.9% compared to the same quarter last year. On average, analysts predict that Health Insurance Innovations, Inc. will post $1.53 EPS for the current year.

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A number of equities research analysts have recently commented on the stock. Craig Hallum reaffirmed a “buy” rating and issued a $38.00 target price (up from $28.00) on shares of Health Insurance Innovations in a report on Thursday, August 3rd. Zacks Investment Research cut shares of Health Insurance Innovations from a “buy” rating to a “hold” rating in a report on Monday, June 19th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $38.00 target price on shares of Health Insurance Innovations in a report on Tuesday. Canaccord Genuity reaffirmed a “buy” rating and issued a $39.00 target price on shares of Health Insurance Innovations in a report on Wednesday. Finally, TheStreet raised shares of Health Insurance Innovations from a “c” rating to a “b-” rating in a report on Monday, May 22nd. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $31.33.

A number of large investors have recently modified their holdings of HIIQ. PNC Financial Services Group Inc. bought a new stake in Health Insurance Innovations in the 2nd quarter valued at about $113,000. Bank of Montreal Can bought a new stake in Health Insurance Innovations in the 1st quarter valued at about $118,000. Nationwide Fund Advisors bought a new stake in Health Insurance Innovations in the 2nd quarter valued at about $149,000. Bank of New York Mellon Corp lifted its position in Health Insurance Innovations by 11.5% in the 1st quarter. Bank of New York Mellon Corp now owns 12,270 shares of the financial services provider’s stock valued at $197,000 after purchasing an additional 1,266 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in Health Insurance Innovations by 7,616.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,951 shares of the financial services provider’s stock valued at $210,000 after purchasing an additional 8,835 shares during the last quarter. Hedge funds and other institutional investors own 90.32% of the company’s stock.

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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