Health Insurance Innovations Inc (NASDAQ:HIIQ) CEO Gavin Southwell sold 6,150 shares of the firm’s stock in a transaction that occurred on Friday, February 1st. The shares were sold at an average price of $40.02, for a total value of $246,123.00. Following the completion of the transaction, the chief executive officer now owns 609,723 shares in the company, valued at approximately $24,401,114.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Gavin Southwell also recently made the following trade(s):
- On Friday, April 5th, Gavin Southwell sold 7,647 shares of Health Insurance Innovations stock. The shares were sold at an average price of $40.03, for a total value of $306,109.41.
- On Monday, February 4th, Gavin Southwell sold 65,899 shares of Health Insurance Innovations stock. The shares were sold at an average price of $40.31, for a total value of $2,656,388.69.
Shares of Health Insurance Innovations stock opened at $39.22 on Wednesday. The firm has a market cap of $664.78 million, a P/E ratio of 32.68 and a beta of 1.81. Health Insurance Innovations Inc has a 12 month low of $21.20 and a 12 month high of $63.13.
Large investors have recently added to or reduced their stakes in the business. Columbia Partners L.L.C. Investment Management purchased a new stake in Health Insurance Innovations in the third quarter worth $1,598,000. Great Lakes Advisors LLC purchased a new stake in Health Insurance Innovations in the third quarter worth $5,692,000. Alpine Woods Capital Investors LLC increased its position in Health Insurance Innovations by 25.9% in the third quarter. Alpine Woods Capital Investors LLC now owns 25,185 shares of the financial services provider’s stock worth $1,553,000 after buying an additional 5,185 shares during the last quarter. BlackRock Inc. increased its position in Health Insurance Innovations by 6.9% in the third quarter. BlackRock Inc. now owns 839,358 shares of the financial services provider’s stock worth $51,745,000 after buying an additional 54,419 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its position in Health Insurance Innovations by 102.1% in the third quarter. Russell Investments Group Ltd. now owns 163,290 shares of the financial services provider’s stock worth $10,059,000 after buying an additional 82,513 shares during the last quarter. 83.52% of the stock is owned by institutional investors and hedge funds.
HIIQ has been the topic of a number of recent research reports. ValuEngine lowered Health Insurance Innovations from a “hold” rating to a “sell” rating in a report on Wednesday, December 12th. Zacks Investment Research upgraded Health Insurance Innovations from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 28th. BidaskClub upgraded Health Insurance Innovations from a “sell” rating to a “hold” rating in a report on Thursday, January 10th. Raymond James dropped their price target on Health Insurance Innovations from $60.00 to $50.00 and set an “outperform” rating on the stock in a report on Friday, December 14th. Finally, Cantor Fitzgerald reiterated a “buy” rating and set a $65.00 price target on shares of Health Insurance Innovations in a report on Friday, November 16th. One analyst has rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Health Insurance Innovations has a consensus rating of “Buy” and an average target price of $56.78.
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 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.
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