361 Capital LLC Takes Position in Health Insurance Innovations Inc (HIIQ)

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361 Capital LLC purchased a new position in Health Insurance Innovations Inc (NASDAQ:HIIQ) during the first quarter, HoldingsChannel.com reports. The fund purchased 85,887 shares of the financial services provider’s stock, valued at approximately $2,303,000.

Several other institutional investors have also bought and sold shares of HIIQ. BNP Paribas Arbitrage SA lifted its position in shares of Health Insurance Innovations by 8,309.4% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,691 shares of the financial services provider’s stock worth $72,000 after buying an additional 2,659 shares during the last quarter. Meeder Asset Management Inc. lifted its position in shares of Health Insurance Innovations by 220.3% in the 4th quarter. Meeder Asset Management Inc. now owns 2,841 shares of the financial services provider’s stock worth $76,000 after buying an additional 1,954 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Health Insurance Innovations by 328.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,310 shares of the financial services provider’s stock worth $88,000 after buying an additional 2,538 shares during the last quarter. Macquarie Group Ltd. lifted its position in shares of Health Insurance Innovations by 196.3% in the 4th quarter. Macquarie Group Ltd. now owns 3,556 shares of the financial services provider’s stock worth $95,000 after buying an additional 2,356 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY lifted its position in shares of Health Insurance Innovations by 366.5% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 4,203 shares of the financial services provider’s stock worth $112,000 after buying an additional 3,302 shares during the last quarter. Institutional investors own 99.90% of the company’s stock.

A number of analysts recently weighed in on HIIQ shares. BidaskClub raised shares of Health Insurance Innovations from a “hold” rating to a “buy” rating in a report on Friday, January 25th. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $75.00 price objective on shares of Health Insurance Innovations in a report on Thursday, March 28th. B. Riley raised shares of Health Insurance Innovations from a “neutral” rating to a “buy” rating and set a $45.00 price objective on the stock in a report on Monday, March 18th. ValuEngine raised shares of Health Insurance Innovations from a “hold” rating to a “buy” rating in a report on Thursday, March 7th. Finally, Zacks Investment Research raised shares of Health Insurance Innovations from a “hold” rating to a “buy” rating and set a $39.00 price objective on the stock in a report on Thursday, March 7th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $56.78.

HIIQ stock opened at $24.80 on Tuesday. Health Insurance Innovations Inc has a fifty-two week low of $18.27 and a fifty-two week high of $63.13. The stock has a market capitalization of $330.42 million, a P/E ratio of 13.48 and a beta of 1.61.

Health Insurance Innovations (NASDAQ:HIIQ) last released its quarterly earnings data on Monday, May 6th. The financial services provider reported $0.31 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.08). Health Insurance Innovations had a return on equity of 28.56% and a net margin of 3.48%. The firm had revenue of $87.33 million during the quarter, compared to analyst estimates of $83.58 million. During the same period last year, the business earned $0.70 EPS. The firm’s revenue was up 15.0% on a year-over-year basis. Analysts expect that Health Insurance Innovations Inc will post 2.81 earnings per share for the current year.

In other news, Director John Fichthorn acquired 93,742 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The shares were acquired at an average price of $29.28 per share, with a total value of $2,744,765.76. Following the acquisition, the director now directly owns 72,869 shares in the company, valued at $2,133,604.32. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 47.88% of the stock is owned by company insiders.

TRADEMARK VIOLATION WARNING: “361 Capital LLC Takes Position in Health Insurance Innovations Inc (HIIQ)” was published by Highlight Press and is the property of of Highlight Press. If you are accessing this report on another publication, it was illegally copied and reposted in violation of U.S. & international copyright & trademark laws. The original version of this report can be read at https://highlightpress.com/2019/05/21/361-capital-llc-takes-position-in-health-insurance-innovations-inc-hiiq.html.

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 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.

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Institutional Ownership by Quarter for Health Insurance Innovations (NASDAQ:HIIQ)

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