25,921 Shares in Health Insurance Innovations Inc (HIIQ) Purchased by Columbia Partners L.L.C. Investment Management

Columbia Partners L.L.C. Investment Management bought a new position in shares of Health Insurance Innovations Inc (NASDAQ:HIIQ) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm bought 25,921 shares of the financial services provider’s stock, valued at approximately $1,598,000. Columbia Partners L.L.C. Investment Management owned about 0.15% of Health Insurance Innovations as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in HIIQ. Renaissance Technologies LLC lifted its holdings in shares of Health Insurance Innovations by 6.1% in the 2nd quarter. Renaissance Technologies LLC now owns 1,012,300 shares of the financial services provider’s stock worth $32,748,000 after purchasing an additional 57,800 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Health Insurance Innovations by 6.9% in the 3rd quarter. BlackRock Inc. now owns 839,358 shares of the financial services provider’s stock worth $51,745,000 after purchasing an additional 54,419 shares during the last quarter. Cannell Capital LLC lifted its holdings in shares of Health Insurance Innovations by 2.1% in the 2nd quarter. Cannell Capital LLC now owns 751,793 shares of the financial services provider’s stock worth $24,321,000 after purchasing an additional 15,700 shares during the last quarter. Ashford Capital Management Inc. lifted its holdings in shares of Health Insurance Innovations by 14.5% in the 2nd quarter. Ashford Capital Management Inc. now owns 504,525 shares of the financial services provider’s stock worth $16,321,000 after purchasing an additional 63,943 shares during the last quarter. Finally, Point72 Asset Management L.P. bought a new stake in shares of Health Insurance Innovations in the 2nd quarter worth approximately $7,759,000. 78.63% of the stock is currently owned by institutional investors.

HIIQ opened at $36.82 on Monday. Health Insurance Innovations Inc has a 12 month low of $20.30 and a 12 month high of $63.13. The company has a market capitalization of $623.95 million, a P/E ratio of 22.73 and a beta of 0.91.

Health Insurance Innovations (NASDAQ:HIIQ) last posted its earnings results on Monday, October 29th. The financial services provider reported $0.61 EPS for the quarter, beating the consensus estimate of $0.59 by $0.02. Health Insurance Innovations had a return on equity of 20.81% and a net margin of 4.89%. The firm had revenue of $74.00 million for the quarter, compared to analysts’ expectations of $73.39 million. During the same period last year, the firm earned $0.46 EPS. The firm’s revenue was up 16.4% compared to the same quarter last year. Equities analysts anticipate that Health Insurance Innovations Inc will post 1.93 earnings per share for the current year.

Several analysts recently issued reports on HIIQ shares. B. Riley raised their price target on Health Insurance Innovations from $45.00 to $56.00 and gave the stock a “buy” rating in a report on Tuesday, August 7th. Cantor Fitzgerald reissued a “buy” rating and issued a $65.00 price target on shares of Health Insurance Innovations in a report on Thursday, August 16th. ValuEngine raised Health Insurance Innovations from a “buy” rating to a “strong-buy” rating in a report on Tuesday, September 11th. BidaskClub downgraded Health Insurance Innovations from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 4th. Finally, First Analysis upgraded Health Insurance Innovations from an “outperform” rating to a “strong-buy” rating and set a $65.00 target price on the stock in a research report on Monday, October 29th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $55.62.

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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 provides three months of health insurance coverage with various deductible and copay levels; health benefit insurance plans, which offer daily cash benefit for hospital treatment and doctor office visits, as well as accidental injury and death or dismemberment benefits; and supplemental insurance products, including pharmacy benefit cards, dental plans, vision plans, cancer/critical illness plans, deductible and gap protection plans, and life insurance policies.

See Also: Preferred Stock

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

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