Health Insurance Innovations Inc (NASDAQ:HIIQ) saw some unusual options trading on Monday. Investors bought 4,346 call options on the company. This is an increase of 759% compared to the typical volume of 506 call options.

Several institutional investors and hedge funds have recently modified their holdings of the company. B. Riley Wealth Management Inc. bought a new position in shares of Health Insurance Innovations during the 3rd quarter worth approximately $294,000. Ashford Capital Management Inc. grew its stake in shares of Health Insurance Innovations by 11.2% during the 3rd quarter. Ashford Capital Management Inc. now owns 561,188 shares of the financial services provider’s stock worth $34,597,000 after acquiring an additional 56,663 shares in the last quarter. IndexIQ Advisors LLC grew its stake in shares of Health Insurance Innovations by 3.9% during the 3rd quarter. IndexIQ Advisors LLC now owns 78,659 shares of the financial services provider’s stock worth $4,849,000 after acquiring an additional 2,971 shares in the last quarter. Advisors Asset Management Inc. grew its stake in shares of Health Insurance Innovations by 22.3% during the 3rd quarter. Advisors Asset Management Inc. now owns 32,903 shares of the financial services provider’s stock worth $2,028,000 after acquiring an additional 5,993 shares in the last quarter. Finally, MetLife Investment Advisors LLC boosted its holdings in shares of Health Insurance Innovations by 57.1% in the 3rd quarter. MetLife Investment Advisors LLC now owns 9,084 shares of the financial services provider’s stock valued at $560,000 after buying an additional 3,302 shares during the last quarter. 89.13% of the stock is owned by institutional investors.

NASDAQ HIIQ opened at $34.50 on Tuesday. Health Insurance Innovations has a 52-week low of $20.30 and a 52-week high of $63.13. The company has a market cap of $635.47 million, a P/E ratio of 28.75 and a beta of 0.93.

Health Insurance Innovations (NASDAQ:HIIQ) last issued its quarterly earnings results on Monday, October 29th. The financial services provider reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.02. The company had revenue of $74.00 million during the quarter, compared to analysts’ expectations of $73.39 million. Health Insurance Innovations had a net margin of 4.89% and a return on equity of 20.81%. The business’s quarterly revenue was up 16.4% on a year-over-year basis. During the same period last year, the business earned $0.46 EPS. On average, analysts anticipate that Health Insurance Innovations will post 1.93 earnings per share for the current year.

A number of research firms recently issued reports on HIIQ. B. Riley increased their target price on Health Insurance Innovations from $45.00 to $56.00 and gave the stock a “buy” rating in a research note on Tuesday, August 7th. Zacks Investment Research raised Health Insurance Innovations from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a research note on Tuesday, July 31st. ValuEngine cut Health Insurance Innovations from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 16th. BidaskClub cut Health Insurance Innovations from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 4th. Finally, Cantor Fitzgerald reissued a “buy” rating and set a $60.00 target price on shares of Health Insurance Innovations in a research note on Monday, July 30th. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Health Insurance Innovations currently has an average rating of “Buy” and an average price target of $55.62.

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Health Insurance Innovations Company Profile

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 provides 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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