Advisory Services Network LLC acquired a new stake in shares of Health Insurance Innovations Inc (NASDAQ:HIIQ) in the third quarter, HoldingsChannel reports. The fund acquired 9,808 shares of the financial services provider’s stock, valued at approximately $605,000.
A number of other hedge funds have also recently bought and sold shares of the business. Harvest Fund Management Co. Ltd purchased a new stake in shares of Health Insurance Innovations in the third quarter worth approximately $119,000. Ladenburg Thalmann Financial Services Inc. purchased a new stake in shares of Health Insurance Innovations in the first quarter worth approximately $143,000. Sawtooth Solutions LLC purchased a new stake in shares of Health Insurance Innovations in the third quarter worth approximately $211,000. Cim LLC purchased a new stake in shares of Health Insurance Innovations in the third quarter worth approximately $246,000. Finally, Thompson Siegel & Walmsley LLC purchased a new stake in shares of Health Insurance Innovations in the second quarter worth approximately $259,000. 87.56% of the stock is owned by institutional investors.
HIIQ has been the subject of a number of research analyst reports. BidaskClub lowered shares of Health Insurance Innovations from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 4th. B. Riley increased their price target on shares of Health Insurance Innovations from $45.00 to $56.00 and gave the stock a “buy” rating in a research report on Tuesday, August 7th. ValuEngine lowered shares of Health Insurance Innovations from a “buy” rating to a “hold” rating in a research report on Saturday, July 14th. TheStreet raised shares of Health Insurance Innovations from a “c” rating to a “b-” rating in a research report on Wednesday, October 31st. Finally, Zacks Investment Research raised shares of Health Insurance Innovations from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a research report on Tuesday, July 31st. One research analyst has rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $55.62.
Health Insurance Innovations (NASDAQ:HIIQ) last issued its quarterly earnings data on Monday, October 29th. The financial services provider reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.02. The firm had revenue of $74.00 million for the quarter, compared to analyst estimates of $73.39 million. Health Insurance Innovations had a net margin of 4.89% and a return on equity of 20.81%. The company’s revenue for the quarter was up 16.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.46 earnings per share. On average, equities analysts expect that Health Insurance Innovations Inc will post 1.97 EPS for the current year.
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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