Financial Analysis: Health Insurance Innovations (HIIQ) and Its Peers

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Health Insurance Innovations (NASDAQ: HIIQ) is one of 19 public companies in the “Insurance agents, brokers, & service” industry, but how does it compare to its rivals? We will compare Health Insurance Innovations to similar companies based on the strength of its analyst recommendations, dividends, institutional ownership, profitability, valuation, earnings and risk.

Institutional & Insider Ownership

99.3% of Health Insurance Innovations shares are owned by institutional investors. Comparatively, 64.0% of shares of all “Insurance agents, brokers, & service” companies are owned by institutional investors. 55.9% of Health Insurance Innovations shares are owned by insiders. Comparatively, 23.2% of shares of all “Insurance agents, brokers, & service” companies are owned by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock will outperform the market over the long term.

Analyst Recommendations

This is a breakdown of recent ratings and target prices for Health Insurance Innovations and its rivals, as reported by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Health Insurance Innovations 0 0 6 1 3.14
Health Insurance Innovations Competitors 191 689 775 40 2.39

Health Insurance Innovations presently has a consensus price target of $63.14, indicating a potential upside of 163.64%. As a group, “Insurance agents, brokers, & service” companies have a potential upside of 4.50%. Given Health Insurance Innovations’ stronger consensus rating and higher probable upside, equities analysts plainly believe Health Insurance Innovations is more favorable than its rivals.

Valuation and Earnings

This table compares Health Insurance Innovations and its rivals gross revenue, earnings per share (EPS) and valuation.

Gross Revenue Net Income Price/Earnings Ratio
Health Insurance Innovations $351.10 million $12.99 million 13.02
Health Insurance Innovations Competitors $13.74 billion $1.05 billion 33.39

Health Insurance Innovations’ rivals have higher revenue and earnings than Health Insurance Innovations. Health Insurance Innovations is trading at a lower price-to-earnings ratio than its rivals, indicating that it is currently more affordable than other companies in its industry.

Risk & Volatility

Health Insurance Innovations has a beta of 1.73, meaning that its stock price is 73% more volatile than the S&P 500. Comparatively, Health Insurance Innovations’ rivals have a beta of 0.85, meaning that their average stock price is 15% less volatile than the S&P 500.

Profitability

This table compares Health Insurance Innovations and its rivals’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Health Insurance Innovations 4.49% 28.34% 14.41%
Health Insurance Innovations Competitors 7.10% 18.05% 9.00%

Summary

Health Insurance Innovations beats its rivals on 9 of the 13 factors compared.

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 provide 3 months to 12 months of health insurance coverage with various deductible and copay levels; health benefit insurance plans, which offer fixed cash benefits and additional benefits for procedures and services; and supplemental insurance products, including life insurance policies, dental plans, vision plans, cancer/critical illness plans, deductible and gap protection plans, and pharmacy benefit cards. The company offers individual and family health insurance plans, and supplemental products in concert with insurance carriers and discount benefit providers; and markets them to individuals through a network of distributors. Health Insurance Innovations, Inc. was founded in 2008 and is based in Tampa, Florida.

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