Insider Selling: Health Insurance Innovations Inc (NASDAQ:HIIQ) Major Shareholder Sells 52,526 Shares of Stock

Health Insurance Innovations Inc (NASDAQ:HIIQ) major shareholder Michael W. Kosloske sold 52,526 shares of Health Insurance Innovations stock in a transaction on Tuesday, July 9th. The stock was sold at an average price of $25.29, for a total transaction of $1,328,382.54. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Shares of NASDAQ:HIIQ opened at $22.99 on Friday. The firm has a market capitalization of $320.21 million, a price-to-earnings ratio of 12.49 and a beta of 1.30. The business’s fifty day simple moving average is $26.17. Health Insurance Innovations Inc has a 52 week low of $18.27 and a 52 week high of $63.13.

Health Insurance Innovations (NASDAQ:HIIQ) last issued its quarterly earnings results on Monday, May 6th. The financial services provider reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.08). Health Insurance Innovations had a return on equity of 28.56% and a net margin of 3.48%. The business had revenue of $87.33 million for the quarter, compared to analyst estimates of $83.58 million. During the same quarter last year, the firm posted $0.70 EPS. Health Insurance Innovations’s revenue for the quarter was up 15.0% on a year-over-year basis. As a group, equities research analysts anticipate that Health Insurance Innovations Inc will post 3.29 EPS for the current year.

A number of equities analysts have recently commented on the stock. B. Riley lifted their price target on shares of Airgain from $17.00 to $19.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Northland Securities reiterated a “buy” rating and set a $12.00 price target on shares of Medallion Financial in a report on Tuesday, May 7th. ValuEngine lowered shares of Virtu Financial from a “hold” rating to a “sell” rating in a report on Tuesday, June 18th. Zacks Investment Research lowered shares of Essential Properties Realty Trust from a “buy” rating to a “hold” rating in a report on Thursday, June 13th. Finally, TheStreet upgraded shares of Rent-A-Center from a “c” rating to a “b-” rating in a report on Tuesday, May 7th. Two equities research 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 company. Health Insurance Innovations currently has an average rating of “Buy” and an average price target of $56.11.

A number of hedge funds and other institutional investors have recently made changes to their positions in HIIQ. Rhumbline Advisers boosted its stake in shares of Health Insurance Innovations by 53.2% during the 4th quarter. Rhumbline Advisers now owns 16,885 shares of the financial services provider’s stock worth $451,000 after acquiring an additional 5,863 shares in the last quarter. First Trust Advisors LP boosted its stake in shares of Health Insurance Innovations by 20.8% during the 4th quarter. First Trust Advisors LP now owns 22,216 shares of the financial services provider’s stock worth $594,000 after acquiring an additional 3,829 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Health Insurance Innovations by 328.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,310 shares of the financial services provider’s stock worth $88,000 after acquiring an additional 2,538 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Health Insurance Innovations by 1.8% during the 4th quarter. BlackRock Inc. now owns 854,321 shares of the financial services provider’s stock worth $22,835,000 after acquiring an additional 14,963 shares in the last quarter. Finally, Royce & Associates LP boosted its stake in shares of Health Insurance Innovations by 29.7% during the 4th quarter. Royce & Associates LP now owns 96,100 shares of the financial services provider’s stock worth $2,569,000 after acquiring an additional 22,000 shares in the last quarter.

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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