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. The company designs and structures individual and family health insurance plans, and supplemental products in concert with insurance carriers and discount benefit providers; and market them to individuals through a network of distributors. Health Insurance Innovations, Inc. was founded in 2008 and is based in Tampa, Florida.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Insurance agents, brokers, & service
Sub-IndustryLife & Health Insurance
SectorFinance
SymbolNASDAQ:HIIQ
CUSIP42225K10
Phone813-397-1187
Debt
Debt-to-Equity RatioN/A
Current Ratio1.84
Quick Ratio1.84
Price-To-Earnings
Trailing P/E Ratio42.58
Forward P/E Ratio24.81
P/E GrowthN/A
Sales & Book Value
Annual Sales$250.48 million
Price / Sales3.42
Cash Flow$1.5954 per share
Price / Cash32.03
Book Value$6.61 per share
Price / Book7.73
Profitability
EPS (Most Recent Fiscal Year)$1.20
Net Income$17.88 million
Net Margins5.39%
Return on Equity19.43%
Return on Assets12.74%
Miscellaneous
Employees199
Outstanding Shares16,780,000
Market Cap$781.25 million
Health Insurance Innovations (NASDAQ:HIIQ) Frequently Asked Questions
What is Health Insurance Innovations' stock symbol?
Health Insurance Innovations trades on the NASDAQ under the ticker symbol "HIIQ."
How will Health Insurance Innovations' stock buyback program work?
Health Insurance Innovations announced that its Board of Directors has approved a stock repurchase plan on Tuesday, October 17th 2017, which authorizes the company to buyback $50,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company's board believes its stock is undervalued.
How were Health Insurance Innovations' earnings last quarter?
Health Insurance Innovations Inc (NASDAQ:HIIQ) posted its earnings results on Wednesday, August, 1st. The financial services provider reported $0.61 EPS for the quarter, topping the consensus estimate of $0.58 by $0.03. The financial services provider earned $71.70 million during the quarter, compared to analysts' expectations of $70.51 million. Health Insurance Innovations had a net margin of 5.39% and a return on equity of 19.43%. The firm's revenue for the quarter was up 16.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.46 earnings per share. View Health Insurance Innovations' Earnings History.
When is Health Insurance Innovations' next earnings date?
What guidance has Health Insurance Innovations issued on next quarter's earnings?
Health Insurance Innovations issued an update on its FY18 earnings guidance on Wednesday, August, 1st. The company provided EPS guidance of $2.47-2.57 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.49. The company issued revenue guidance of $293-303 million, compared to the consensus revenue estimate of $294.67 million.
What price target have analysts set for HIIQ?
8 Wall Street analysts have issued 12-month price targets for Health Insurance Innovations' stock. Their forecasts range from $34.60 to $62.00. On average, they expect Health Insurance Innovations' stock price to reach $47.8250 in the next twelve months. This suggests that the stock has a possible downside of 6.4%. View Analyst Price Targets for Health Insurance Innovations.
What is the consensus analysts' recommendation for Health Insurance Innovations?
8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Health Insurance Innovations in the last year. There are currently 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Health Insurance Innovations.
What are Wall Street analysts saying about Health Insurance Innovations stock?
Here are some recent quotes from research analysts about Health Insurance Innovations stock:
- 1. Canaccord Genuity analysts commented, "We maintain our BUY rating on HIIQ and raise our PT to $62. The table is being set in which ’19 could be a year of accelerating revenue and adj-EBITDA growth, reversing the normalization that is contemplated in ’18. The upcoming Oct. 1 change in STM duration (3-month to 1-year) and the individual mandate penalty removal (Jan.1, ’19) should make HIIQ’s insurance products more attractive from both a financial and quality perspective. We have taken a conservative stance with respect to our estimates as not to get too far ahead of the company, but overall we are encouraged with the growth opportunity and bias that estimates move higher as ’18 progresses." (8/2/2018)
- 2. According to Zacks Investment Research, "Health Insurance Innovations, Inc. operates as a developer and administrator of web-based individual health insurance plans and ancillary products. Its product portfolio consists of short-term medical plans, accident, sickness & hospital medical plans, ancillary insurance, life insurance, lifestyle and discount services. Health Insurance Innovations, Inc. is based in Tampa, Florida. " (7/31/2018)
- 3. Cantor Fitzgerald analysts commented, "Health Insurance Innovations, Inc. (HIIQ) is a web-based developer and distributor of short-term medical plans targeted at the individual and family plan (IFP) market. The company also develops and distributes supplemental insurance products, including pharmacy benefit cards, dental plans, vision plans, cancer/critical illness plans, deductible and gap protection plans and life insurance policies. Given the increasing premiums of individual exchange-based products, demand for short-term medical and limited indemnity products continues to grow." (7/30/2018)
Are investors shorting Health Insurance Innovations?
Health Insurance Innovations saw a decline in short interest in July. As of July 31st, there was short interest totalling 3,694,626 shares, a decline of 3.7% from the July 13th total of 3,837,867 shares. Based on an average daily trading volume, of 201,868 shares, the days-to-cover ratio is presently 18.3 days. Approximately 30.4% of the shares of the stock are short sold. View Health Insurance Innovations' Current Options Chain.
Who are some of Health Insurance Innovations' key competitors?
Who are Health Insurance Innovations' key executives?
Health Insurance Innovations' management team includes the folowing people:
- Mr. Gavin D. Southwell, Pres, CEO & Director (Age 40)
- Mr. Michael D. Hershberger, CFO, Treasurer & Sec. (Age 55)
- Sheldon X. Wang, Chief Technology Officer (Age 59)
- Mr. Bruce A. Telkamp, CEO of Consumer Division & CEO of HealthPocket, Inc (Age 51)
- Mr. Michael W. Kosloske, Founder & Director (Age 54)
Has Health Insurance Innovations been receiving favorable news coverage?
Press coverage about HIIQ stock has been trending somewhat positive on Thursday, Accern Sentiment Analysis reports. The research firm identifies negative and positive media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Health Insurance Innovations earned a media and rumor sentiment score of 0.12 on Accern's scale. They also assigned headlines about the financial services provider an impact score of 46.64 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the near future. View Recent Headlines for Health Insurance Innovations.
Who are Health Insurance Innovations' major shareholders?
Health Insurance Innovations' stock is owned by a number of of institutional and retail investors. Top institutional investors include Renaissance Technologies LLC (6.03%), BlackRock Inc. (4.68%), Cannell Capital LLC (4.48%), Ashford Capital Management Inc. (3.01%), B. Riley Financial Inc. (1.47%) and Point72 Asset Management L.P. (1.43%). Company insiders that own Health Insurance Innovations stock include Anthony Barkett, Bruce Telkamp, Cannell Capital Llc, John Fichthorn, Michael D Hershberger, Michael W Kosloske, Robert S Murley and Sheldon Wang. View Institutional Ownership Trends for Health Insurance Innovations.
Which institutional investors are selling Health Insurance Innovations stock?
HIIQ stock was sold by a variety of institutional investors in the last quarter, including B. Riley Financial Inc., BlackRock Inc., Gabelli Funds LLC, GSA Capital Partners LLP, Bank of New York Mellon Corp and Advisors Asset Management Inc.. Company insiders that have sold Health Insurance Innovations company stock in the last year include Bruce Telkamp, John Fichthorn, Michael D Hershberger, Michael W Kosloske and Sheldon Wang. View Insider Buying and Selling for Health Insurance Innovations.
Which institutional investors are buying Health Insurance Innovations stock?
HIIQ stock was acquired by a variety of institutional investors in the last quarter, including Point72 Asset Management L.P., Peregrine Capital Management LLC, American Century Companies Inc., Argent Capital Management LLC, Royce & Associates LP, Jane Street Group LLC, Laurion Capital Management LP and Ashford Capital Management Inc.. Company insiders that have bought Health Insurance Innovations stock in the last two years include Anthony Barkett, Cannell Capital Llc, John Fichthorn and Robert S Murley. View Insider Buying and Selling for Health Insurance Innovations.
How do I buy shares of Health Insurance Innovations?
Shares of HIIQ can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Health Insurance Innovations' stock price today?
One share of HIIQ stock can currently be purchased for approximately $51.10.
How big of a company is Health Insurance Innovations?
Health Insurance Innovations has a market capitalization of $781.25 million and generates $250.48 million in revenue each year. The financial services provider earns $17.88 million in net income (profit) each year or $1.20 on an earnings per share basis. Health Insurance Innovations employs 199 workers across the globe.
How can I contact Health Insurance Innovations?
Health Insurance Innovations' mailing address is 15438 N. FLORIDA AVENUE SUITE 201, TAMPA FL, 33613. The financial services provider can be reached via phone at 813-397-1187 or via email at [email protected]
MarketBeat Community Rating for Health Insurance Innovations (NASDAQ HIIQ)
MarketBeat's community ratings are surveys of what our community members think about Health Insurance Innovations and other stocks. Vote "Outperform" if you believe HIIQ will outperform the S&P 500 over the long term. Vote "Underperform" if you believe HIIQ will underperform the S&P 500 over the long term. You may vote once every thirty days.
