Health Insurance Innovations (HIIQ) Upgraded by BidaskClub to Buy
BidaskClub upgraded shares of Health Insurance Innovations (NASDAQ:HIIQ) from a hold rating to a buy rating in a research note issued to investors on Wednesday morning.
Other equities analysts also recently issued reports about the stock. Canaccord Genuity restated a buy rating and issued a $39.00 target price on shares of Health Insurance Innovations in a research note on Friday, December 22nd. Cantor Fitzgerald restated a buy rating and issued a $38.00 target price on shares of Health Insurance Innovations in a research note on Tuesday, December 12th. ValuEngine upgraded shares of Health Insurance Innovations from a hold rating to a buy rating in a research note on Friday, February 2nd. Zacks Investment Research upgraded shares of Health Insurance Innovations from a hold rating to a buy rating and set a $31.00 target price on the stock in a research note on Thursday, January 25th. Finally, B. Riley started coverage on shares of Health Insurance Innovations in a research note on Tuesday, February 13th. They issued a buy rating and a $38.00 target price on the stock. Eleven analysts have rated the stock with a buy rating, Health Insurance Innovations currently has an average rating of Buy and an average target price of $42.62.
Health Insurance Innovations (HIIQ) opened at $32.45 on Wednesday. The company has a market cap of $538.41, a PE ratio of 21.21 and a beta of 0.42. Health Insurance Innovations has a one year low of $12.65 and a one year high of $37.38.
In other Health Insurance Innovations news, Director Robert S. Murley acquired 5,000 shares of the company’s stock in a transaction dated Friday, December 8th. The shares were purchased at an average cost of $22.50 per share, for a total transaction of $112,500.00. Following the completion of the purchase, the director now owns 39,734 shares in the company, valued at $894,015. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Sheldon Wang sold 10,000 shares of the stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $26.30, for a total transaction of $263,000.00. Following the transaction, the insider now owns 169,001 shares in the company, valued at $4,444,726.30. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 97,464 shares of company stock worth $2,678,800. Insiders own 30.00% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the business. MetLife Investment Advisors LLC acquired a new stake in Health Insurance Innovations in the fourth quarter valued at approximately $144,000. Nationwide Fund Advisors acquired a new stake in Health Insurance Innovations in the second quarter valued at approximately $149,000. The Manufacturers Life Insurance Company boosted its stake in Health Insurance Innovations by 7,616.4% in the second quarter. The Manufacturers Life Insurance Company now owns 8,951 shares of the financial services provider’s stock valued at $210,000 after acquiring an additional 8,835 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Health Insurance Innovations in the fourth quarter valued at approximately $238,000. Finally, Advisors Asset Management Inc. acquired a new stake in Health Insurance Innovations in the third quarter valued at approximately $142,000. Institutional investors own 64.05% of the company’s stock.
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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.
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