Insider Selling: Health Insurance Innovations Inc (HIIQ) CTO Sells 1,232 Shares of Stock

Health Insurance Innovations Inc (NASDAQ:HIIQ) CTO Sheldon Wang sold 1,232 shares of Health Insurance Innovations stock in a transaction dated Friday, December 28th. The stock was sold at an average price of $25.00, for a total transaction of $30,800.00. Following the transaction, the chief technology officer now directly owns 137,769 shares in the company, valued at $3,444,225. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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 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 Thursday, December 21st, Sheldon Wang sold 10,000 shares of Health Insurance Innovations stock. The shares were sold at an average price of $25.20, for a total transaction of $252,000.00.
  • On Tuesday, December 19th, Sheldon Wang sold 10,000 shares of Health Insurance Innovations stock. The shares were 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 shares were 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 shares were sold at an average price of $25.00, for a total transaction of $125,000.00.

Health Insurance Innovations Inc (HIIQ) traded down $0.15 during midday trading on Friday, reaching $25.50. 315,800 shares of the company’s stock traded hands, compared to its average volume of 401,188. Health Insurance Innovations Inc has a 12 month low of $12.65 and a 12 month high of $37.38. The firm has a market cap of $421.84, a PE ratio of 20.90 and a beta of 0.65.

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

Health Insurance Innovations declared that its board has approved a stock repurchase program on Monday, October 16th that permits the company to buyback $50.00 million in shares. This buyback authorization permits the financial services provider to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

A number of equities research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Health Insurance Innovations from a “hold” rating to a “strong-buy” rating and set a $24.00 price target for the company in a research report on Tuesday, October 17th. BidaskClub upgraded shares of Health Insurance Innovations from a “hold” rating to a “buy” rating in a research report on Friday, December 15th. Northland Securities restated a “buy” rating and issued a $37.00 price objective on shares of Health Insurance Innovations in a report on Tuesday, October 17th. 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. Finally, Cantor Fitzgerald restated a “buy” rating and issued a $38.00 price objective on shares of Health Insurance Innovations in a report on Tuesday, December 12th. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Health Insurance Innovations currently has a consensus rating of “Buy” and a consensus target price of $32.67.

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

WARNING: “Insider Selling: Health Insurance Innovations Inc (HIIQ) CTO Sells 1,232 Shares of Stock” was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this article on another domain, it was illegally copied and republished in violation of U.S. and international trademark and copyright law. The legal version of this article can be viewed at https://ledgergazette.com/2018/01/12/insider-selling-health-insurance-innovations-inc-hiiq-cto-sells-30800-00-in-stock.html.

About Health Insurance Innovations

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)

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