Advisory Services Network LLC Acquires New Position in Health Insurance Innovations Inc (HIIQ)

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.

Shares of HIIQ opened at $41.59 on Friday. The company has a market cap of $694.48 million, a P/E ratio of 34.66 and a beta of 0.93. Health Insurance Innovations Inc has a twelve month low of $20.30 and a twelve month high of $63.13.

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.

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

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