Insider Selling: 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 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.

Health Insurance Innovations (NASDAQ:HIIQ) last released its quarterly earnings data on Monday, May 6th. The financial services provider reported $0.31 earnings per share for the quarter, missing the 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 the consensus estimate of $83.58 million. During the same quarter in the prior year, the company posted $0.70 earnings per share. The company’s revenue for the quarter was up 15.0% on a year-over-year basis. On average, equities analysts expect that Health Insurance Innovations Inc will post 3.29 earnings per share for the current year.

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.

See Also: Market Capitalization, Large-Caps, Mid-Caps, Small-Caps

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

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