Health Insurance Innovations, Inc. (NASDAQ:HIIQ) Insider Sheldon Wang Sells 4,750 Shares

Health Insurance Innovations, Inc. (NASDAQ:HIIQ) insider Sheldon Wang sold 4,750 shares of the firm’s stock in a transaction on Thursday, July 13th. The stock was sold at an average price of $25.80, for a total value of $122,550.00. Following the transaction, the insider now owns 224,001 shares in the company, valued at $5,779,225.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • On Wednesday, June 14th, Sheldon Wang sold 16,421 shares of Health Insurance Innovations stock. The stock was sold at an average price of $21.79, for a total value of $357,813.59.
  • On Monday, June 19th, Sheldon Wang sold 26,421 shares of Health Insurance Innovations stock. The stock was sold at an average price of $22.99, for a total value of $607,418.79.
  • On Monday, June 12th, Sheldon Wang sold 5,149 shares of Health Insurance Innovations stock. The stock was sold at an average price of $21.60, for a total value of $111,218.40.
  • On Friday, May 12th, Sheldon Wang sold 12,417 shares of Health Insurance Innovations stock. The stock was sold at an average price of $21.18, for a total value of $262,992.06.
  • On Friday, May 5th, Sheldon Wang sold 24,750 shares of Health Insurance Innovations stock. The stock was sold at an average price of $19.73, for a total value of $488,317.50.

Health Insurance Innovations, Inc. (NASDAQ:HIIQ) traded up 5.25% during midday trading on Monday, reaching $27.05. The company’s stock had a trading volume of 372,728 shares. Health Insurance Innovations, Inc. has a 1-year low of $3.80 and a 1-year high of $27.10. The firm has a 50 day moving average price of $22.18 and a 200 day moving average price of $18.49. The firm has a market capitalization of $319.65 million, a PE ratio of 24.41 and a beta of 0.64.

Health Insurance Innovations (NASDAQ:HIIQ) last issued its quarterly earnings results on Wednesday, May 3rd. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.05. Health Insurance Innovations had a return on equity of 20.05% and a net margin of 4.77%. The business had revenue of $55.87 million for the quarter, compared to analyst estimates of $54.18 million. On average, analysts predict that Health Insurance Innovations, Inc. will post $1.44 EPS for the current year.

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Several equities analysts recently issued reports on the company. Cantor Fitzgerald restated an “overweight” rating and set a $35.00 price objective (up from $30.00) on shares of Health Insurance Innovations in a research note on Monday. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of Health Insurance Innovations in a research note on Monday, June 26th. Canaccord Genuity reiterated a “buy” rating and issued a $30.00 target price on shares of Health Insurance Innovations in a research note on Thursday. Zacks Investment Research cut Health Insurance Innovations from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Finally, TheStreet upgraded Health Insurance Innovations from a “c” rating to a “b-” rating in a research note on Monday, May 22nd. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $26.67.

A number of large investors have recently added to or reduced their stakes in HIIQ. Bank of Montreal Can increased its stake in shares of Health Insurance Innovations by 1,711.3% in the second quarter. Bank of Montreal Can now owns 133,786 shares of the financial services provider’s stock valued at $3,145,000 after buying an additional 126,400 shares during the period. Goldman Sachs Group Inc. boosted its position in Health Insurance Innovations by 96.0% in the first quarter. Goldman Sachs Group Inc. now owns 77,001 shares of the financial services provider’s stock valued at $1,232,000 after buying an additional 37,711 shares in the last quarter. Lyon Street Capital LLC purchased a new position in Health Insurance Innovations during the first quarter valued at $8,772,000. Tudor Investment Corp ET AL purchased a new position in Health Insurance Innovations during the first quarter valued at $648,000. Finally, Summit Partners Public Asset Management LLC purchased a new position in Health Insurance Innovations during the first quarter valued at $4,320,000. Institutional investors and hedge funds own 71.60% of the company’s stock.

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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