Health Insurance Innovations Inc (NASDAQ:HIIQ) Major Shareholder Sells $752,596.26 in Stock

Health Insurance Innovations Inc (NASDAQ:HIIQ) major shareholder Michael W. Kosloske sold 28,802 shares of the business’s stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $26.13, for a total transaction of $752,596.26. Following the transaction, the insider now directly owns 320 shares in the company, valued at approximately $8,361.60. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

NASDAQ HIIQ opened at $23.93 on Wednesday. The firm has a 50-day moving average of $26.32. Health Insurance Innovations Inc has a 12 month low of $18.27 and a 12 month high of $63.13. The firm has a market capitalization of $347.14 million, a PE ratio of 13.01 and a beta of 1.30.

Health Insurance Innovations (NASDAQ:HIIQ) last posted its earnings results on Monday, May 6th. The financial services provider reported $0.31 EPS for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.08). Health Insurance Innovations had a net margin of 3.48% and a return on equity of 28.56%. The company had revenue of $87.33 million during the quarter, compared to analyst estimates of $83.58 million. During the same period in the previous year, the company earned $0.70 EPS. The company’s quarterly revenue was up 15.0% compared to the same quarter last year. On average, sell-side analysts expect that Health Insurance Innovations Inc will post 3.29 EPS for the current fiscal year.



Several brokerages have recently weighed in on HIIQ. ValuEngine cut shares of Health Insurance Innovations from a “sell” rating to a “strong sell” rating in a research report on Tuesday, June 18th. Zacks Investment Research raised shares of Health Insurance Innovations from a “hold” rating to a “strong-buy” rating and set a $33.00 price target on the stock in a research report on Thursday, June 13th. BidaskClub raised shares of Health Insurance Innovations from a “strong sell” rating to a “sell” rating in a research report on Wednesday, May 22nd. TheStreet cut shares of Health Insurance Innovations from a “b-” rating to a “c” rating in a research report on Tuesday, May 7th. Finally, Lake Street Capital decreased their target price on shares of Health Insurance Innovations from $80.00 to $50.00 and set a “buy” rating on the stock in a research report on Tuesday, May 7th. Two investment analysts have rated the stock with a sell rating, seven have issued a buy rating and two have issued a strong buy rating to the company. Health Insurance Innovations has a consensus rating of “Buy” and a consensus price target of $56.11.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Brown Advisory Inc. lifted its position in Health Insurance Innovations by 102.4% in the fourth quarter. Brown Advisory Inc. now owns 21,620 shares of the financial services provider’s stock valued at $578,000 after buying an additional 10,938 shares during the last quarter. Voloridge Investment Management LLC purchased a new stake in Health Insurance Innovations during the fourth quarter worth about $1,413,000. White Pine Capital LLC purchased a new stake in Health Insurance Innovations during the first quarter worth about $1,048,000. First Trust Advisors LP increased its stake in Health Insurance Innovations by 20.8% during the fourth quarter. First Trust Advisors LP now owns 22,216 shares of the financial services provider’s stock worth $594,000 after purchasing an additional 3,829 shares during the period. Finally, Ibex Investors LLC increased its stake in Health Insurance Innovations by 133.9% during the fourth quarter. Ibex Investors LLC now owns 8,272 shares of the financial services provider’s stock worth $221,000 after purchasing an additional 4,736 shares during the period.

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.

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Insider Buying and Selling by Quarter for Health Insurance Innovations (NASDAQ:HIIQ)

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