1492 Capital Management LLC Sells 2,866 Shares of Health Insurance Innovations Inc (NASDAQ:HIIQ)

1492 Capital Management LLC decreased its holdings in shares of Health Insurance Innovations Inc (NASDAQ:HIIQ) by 8.6% in the 1st quarter, Holdings Channel reports. The firm owned 30,569 shares of the financial services provider’s stock after selling 2,866 shares during the quarter. 1492 Capital Management LLC’s holdings in Health Insurance Innovations were worth $820,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. BNP Paribas Arbitrage SA increased its stake in Health Insurance Innovations by 8,309.4% during the first quarter. BNP Paribas Arbitrage SA now owns 2,691 shares of the financial services provider’s stock valued at $72,000 after purchasing an additional 2,659 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in Health Insurance Innovations by 328.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,310 shares of the financial services provider’s stock valued at $88,000 after purchasing an additional 2,538 shares during the last quarter. Macquarie Group Ltd. increased 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 valued at $95,000 after purchasing an additional 2,356 shares during the last quarter. Metropolitan Life Insurance Co. NY increased its stake in Health Insurance Innovations by 366.5% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 4,203 shares of the financial services provider’s stock valued at $112,000 after purchasing an additional 3,302 shares during the last quarter. Finally, Shell Asset Management Co. bought a new stake in Health Insurance Innovations during the first quarter valued at $155,000.

Several analysts have weighed in on HIIQ shares. ValuEngine lowered shares of Health Insurance Innovations from a “hold” rating to a “sell” rating in a research note on Tuesday, March 26th. BidaskClub upgraded shares of Health Insurance Innovations from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 22nd. Zacks Investment Research upgraded shares of Health Insurance Innovations from a “hold” rating to a “strong-buy” rating and set a $33.00 target price for the company in a research note on Thursday. B. Riley upgraded shares of Health Insurance Innovations from a “neutral” rating to a “buy” rating and set a $45.00 target price for the company in a research note on Monday, March 18th. Finally, Northland Securities reiterated a “buy” rating and set a $60.00 target price on shares of Health Insurance Innovations in a research note on Tuesday, May 7th. Two investment analysts have rated the stock with a sell rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. Health Insurance Innovations presently has an average rating of “Buy” and a consensus target price of $56.11.



In related news, Director John Fichthorn acquired 93,742 shares of Health Insurance Innovations stock in a transaction that occurred on Wednesday, March 20th. The stock was acquired at an average price of $29.28 per share, with a total value of $2,744,765.76. Following the completion of the acquisition, the director now directly owns 72,869 shares of the company’s stock, valued at approximately $2,133,604.32. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 47.88% of the company’s stock.

HIIQ stock opened at $28.38 on Thursday. The stock has a market capitalization of $395.28 million, a P/E ratio of 15.42 and a beta of 1.43. Health Insurance Innovations Inc has a fifty-two week low of $18.27 and a fifty-two week high of $63.13.

Health Insurance Innovations (NASDAQ:HIIQ) last posted its quarterly earnings data on Monday, May 6th. The financial services provider reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.08). The company had revenue of $87.33 million during the quarter, compared to analyst estimates of $83.58 million. Health Insurance Innovations had a return on equity of 28.56% and a net margin of 3.48%. The business’s revenue for the quarter was up 15.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.70 EPS. Analysts forecast that Health Insurance Innovations Inc will post 2.96 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: This report was first published by Dakota Financial News and is owned by of Dakota Financial News. If you are accessing this report on another site, it was illegally stolen and republished in violation of international copyright laws. The original version of this report can be read at https://dakotafinancialnews.com/2019/06/13/1492-capital-management-llc-sells-2866-shares-of-health-insurance-innovations-inc-nasdaqhiiq.html.

About Health Insurance Innovations

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 3 months to 12 months of health insurance coverage with various deductible and copay levels; health benefit insurance plans, which offer fixed cash benefits and additional benefits for procedures and services; and supplemental insurance products, including life insurance policies, dental plans, vision plans, cancer/critical illness plans, deductible and gap protection plans, and pharmacy benefit cards.

Recommended Story: What is the quiet period?

Want to see what other hedge funds are holding HIIQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Health Insurance Innovations Inc (NASDAQ:HIIQ).

Institutional Ownership by Quarter for Health Insurance Innovations (NASDAQ:HIIQ)

Receive News & Ratings for Health Insurance Innovations Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Health Insurance Innovations and related companies with MarketBeat.com's FREE daily email newsletter.