Health Insurance Innovations Inc (NASDAQ:HIIQ) major shareholder Michael W. Kosloske sold 28,802 shares of the company’s stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $26.13, for a total value of $752,596.26. Following the completion of the transaction, the insider now directly owns 320 shares of the company’s stock, valued at approximately $8,361.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Michael W. Kosloske also recently made the following trade(s):
- On Tuesday, July 9th, Michael W. Kosloske sold 52,526 shares of Health Insurance Innovations stock. The shares were sold at an average price of $25.29, for a total value of $1,328,382.54.
HIIQ stock opened at $22.91 on Thursday. Health Insurance Innovations Inc has a 1-year low of $18.27 and a 1-year high of $63.13. The company has a market cap of $332.18 million, a price-to-earnings ratio of 12.45 and a beta of 1.30. The firm has a 50 day moving average of $26.28.
HIIQ has been the topic of several analyst reports. Northland Securities reiterated a “buy” rating and issued a $12.00 price objective on shares of Medallion Financial in a research note on Tuesday, May 7th. Zacks Investment Research lowered Essential Properties Realty Trust from a “buy” rating to a “hold” rating in a research note on Thursday, June 13th. Cantor Fitzgerald reiterated a “buy” rating and issued a $75.00 price objective on shares of Health Insurance Innovations in a research note on Thursday, March 28th. BidaskClub upgraded Zillow Group from a “hold” rating to a “buy” rating in a research note on Wednesday, May 22nd. Finally, ValuEngine lowered Virtu Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, June 18th. Two equities research analysts have rated the stock with a sell rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. Health Insurance Innovations currently has a consensus rating of “Buy” and a consensus price target of $56.11.
Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. grew its stake in shares of Health Insurance Innovations by 1.8% in the 4th quarter. BlackRock Inc. now owns 854,321 shares of the financial services provider’s stock valued at $22,835,000 after purchasing an additional 14,963 shares during the period. Cannell Capital LLC grew its position in Health Insurance Innovations by 66.9% during the 4th quarter. Cannell Capital LLC now owns 777,836 shares of the financial services provider’s stock worth $20,792,000 after acquiring an additional 311,829 shares during the last quarter. State of New Jersey Common Pension Fund D grew its position in Health Insurance Innovations by 21.7% during the 1st quarter. State of New Jersey Common Pension Fund D now owns 560,000 shares of the financial services provider’s stock worth $15,019,000 after acquiring an additional 100,000 shares during the last quarter. Millennium Management LLC bought a new stake in Health Insurance Innovations during the 4th quarter worth approximately $11,197,000. Finally, River Road Asset Management LLC bought a new stake in Health Insurance Innovations during the 1st quarter worth approximately $10,621,000.
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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