Health Insurance Innovations Inc (NASDAQ:HIIQ) CFO Michael D. Hershberger sold 40,389 shares of the stock in a transaction that occurred on Monday, February 4th. The stock was sold at an average price of $40.31, for a total transaction of $1,628,080.59. Following the sale, the chief financial officer now owns 85,329 shares in the company, valued at $3,439,611.99. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of HIIQ opened at $39.22 on Wednesday. Health Insurance Innovations Inc has a twelve month low of $21.20 and a twelve month high of $63.13. The firm has a market capitalization of $664.78 million, a PE ratio of 32.68 and a beta of 1.81.
Institutional investors and hedge funds have recently made changes to their positions in the company. Columbia Partners L.L.C. Investment Management acquired a new stake in shares of Health Insurance Innovations in the 3rd quarter valued at $1,598,000. Great Lakes Advisors LLC acquired a new stake in shares of Health Insurance Innovations in the 3rd quarter valued at $5,692,000. Alpine Woods Capital Investors LLC raised its holdings in shares of Health Insurance Innovations by 25.9% in the 3rd quarter. Alpine Woods Capital Investors LLC now owns 25,185 shares of the financial services provider’s stock valued at $1,553,000 after purchasing an additional 5,185 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Health Insurance Innovations by 6.9% in the 3rd quarter. BlackRock Inc. now owns 839,358 shares of the financial services provider’s stock valued at $51,745,000 after purchasing an additional 54,419 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its stake in Health Insurance Innovations by 102.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 163,290 shares of the financial services provider’s stock worth $10,059,000 after acquiring an additional 82,513 shares in the last quarter. Institutional investors and hedge funds own 83.52% of the company’s stock.
A number of equities research analysts have issued reports on HIIQ shares. TheStreet upgraded shares of Health Insurance Innovations from a “c” rating to a “b-” rating in a report on Wednesday, October 31st. Cantor Fitzgerald reiterated a “buy” rating and set a $65.00 target price on shares of Health Insurance Innovations in a report on Friday, November 16th. ValuEngine lowered shares of Health Insurance Innovations from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 16th. Lake Street Capital raised their price objective on shares of Health Insurance Innovations from $51.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday, October 30th. Finally, Craig Hallum raised their price objective on shares of Health Insurance Innovations from $58.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, October 30th. One equities research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $56.78.
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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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