Health Insurance Innovations Inc (NASDAQ:HIIQ) Insider Sheldon Wang Sells 10,000 Shares

Health Insurance Innovations Inc (NASDAQ:HIIQ) insider Sheldon Wang sold 10,000 shares of the company’s stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $25.20, for a total transaction of $252,000.00. Following the completion of the sale, the insider now owns 159,001 shares in the company, valued at approximately $4,006,825.20. The sale was disclosed in a filing with the SEC, which is accessible through this link.

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

  • On Thursday, January 4th, Sheldon Wang sold 5,000 shares of Health Insurance Innovations stock. The stock was sold at an average price of $25.00, for a total transaction of $125,000.00.
  • On Friday, December 28th, Sheldon Wang sold 1,232 shares of Health Insurance Innovations stock. The stock was sold at an average price of $25.00, for a total transaction of $30,800.00.
  • On Tuesday, January 2nd, Sheldon Wang sold 11,232 shares of Health Insurance Innovations stock. The stock was sold at an average price of $25.00, for a total transaction of $280,800.00.
  • On Wednesday, December 27th, Sheldon Wang sold 10,000 shares of Health Insurance Innovations stock. The stock was sold at an average price of $25.00, for a total transaction of $250,000.00.
  • On Tuesday, December 19th, Sheldon Wang sold 10,000 shares of Health Insurance Innovations stock. The stock was sold at an average price of $26.30, for a total transaction of $263,000.00.
  • On Friday, December 15th, Sheldon Wang sold 5,000 shares of Health Insurance Innovations stock. The stock was sold at an average price of $27.40, for a total transaction of $137,000.00.
  • On Wednesday, December 13th, Sheldon Wang sold 5,000 shares of Health Insurance Innovations stock. The stock was sold at an average price of $25.00, for a total transaction of $125,000.00.

Shares of Health Insurance Innovations Inc (NASDAQ:HIIQ) opened at $25.40 on Friday. The company has a market cap of $420.14, a P/E ratio of 21.34 and a beta of 0.65. Health Insurance Innovations Inc has a 12-month low of $12.65 and a 12-month high of $37.38.

Health Insurance Innovations (NASDAQ:HIIQ) last issued its quarterly earnings results on Wednesday, November 1st. The financial services provider reported $0.46 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.11. The business had revenue of $63.34 million during the quarter, compared to the consensus estimate of $59.30 million. Health Insurance Innovations had a net margin of 5.98% and a return on equity of 21.32%. The firm’s quarterly revenue was up 37.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.33 EPS. sell-side analysts forecast that Health Insurance Innovations Inc will post 1.39 earnings per share for the current year.

Health Insurance Innovations announced that its Board of Directors has approved a stock buyback plan on Monday, October 16th that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits the financial services provider to reacquire shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its shares are undervalued.

Several large investors have recently modified their holdings of HIIQ. PNC Financial Services Group Inc. purchased a new stake in Health Insurance Innovations in the 2nd quarter worth approximately $113,000. Advisors Asset Management Inc. purchased a new stake in Health Insurance Innovations in the 3rd quarter worth approximately $142,000. Nationwide Fund Advisors purchased a new stake in Health Insurance Innovations in the 2nd quarter worth approximately $149,000. Chicago Equity Partners LLC acquired a new position in shares of Health Insurance Innovations during the 3rd quarter worth $158,000. Finally, First Trust Advisors LP acquired a new position in shares of Health Insurance Innovations during the 3rd quarter worth $171,000. Institutional investors and hedge funds own 68.00% of the company’s stock.

Several research analysts have recently issued reports on HIIQ shares. BidaskClub cut shares of Health Insurance Innovations from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 2nd. Canaccord Genuity set a $39.00 price objective on shares of Health Insurance Innovations and gave the company a “buy” rating in a report on Sunday, November 12th. Cantor Fitzgerald reiterated a “buy” rating and issued a $38.00 price objective on shares of Health Insurance Innovations in a report on Wednesday, November 1st. Northland Securities reissued a “buy” rating and set a $37.00 target price on shares of Health Insurance Innovations in a research note on Tuesday, October 17th. Finally, TheStreet lowered shares of Health Insurance Innovations from a “b-” rating to a “c” rating in a research note on Thursday, September 28th. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $32.67.

COPYRIGHT VIOLATION WARNING: “Health Insurance Innovations Inc (NASDAQ:HIIQ) Insider Sheldon Wang Sells 10,000 Shares” was originally reported by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are accessing this story on another domain, it was illegally stolen and reposted in violation of United States and international trademark and copyright legislation. The original version of this story can be accessed at https://www.thelincolnianonline.com/2018/01/14/health-insurance-innovations-inc-hiiq-insider-sheldon-wang-sells-10000-shares-of-stock-updated-updated.html.

Health Insurance Innovations Company Profile

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)

Receive News & Ratings for Health Insurance Innovations Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Health Insurance Innovations and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply