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
Industry Insurance agents, brokers, & service
Sub-IndustryLife & Health Insurance
SectorFinance
SymbolNASDAQ:HIIQ
CUSIP42225K10
Phone813-397-1187
Debt
Debt-to-Equity RatioN/A
Current Ratio1.83
Quick Ratio1.83
Price-To-Earnings
Trailing P/E Ratio27.79
Forward P/E Ratio15.96
P/E GrowthN/A
Sales & Book Value
Annual Sales$250.48 million
Price / Sales2.23
Cash Flow$1.4277 per share
Price / Cash23.36
Book Value$6.61 per share
Price / Book5.05
Profitability
EPS (Most Recent Fiscal Year)$1.20
Net Income$17.88 million
Net Margins6.17%
Return on Equity20.15%
Return on Assets13.11%
Miscellaneous
Employees199
Outstanding Shares16,760,000
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 has approved a stock buyback plan on Tuesday, October 17th 2017, which permits the company to buyback $50,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to buy shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company's leadership believes its stock is undervalued.
How were Health Insurance Innovations' earnings last quarter?
Health Insurance Innovations Inc (NASDAQ:HIIQ) released its quarterly earnings results on Wednesday, May, 2nd. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.02. The financial services provider earned $67.80 million during the quarter, compared to analysts' expectations of $68.53 million. Health Insurance Innovations had a return on equity of 20.15% and a net margin of 6.17%. Health Insurance Innovations's revenue for the quarter was up 21.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.36 EPS. View Health Insurance Innovations' Earnings History.
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, May, 2nd. The company provided EPS guidance of $2.45-$2.55 for the period, compared to the Thomson Reuters consensus estimate of $2.49. The company issued revenue guidance of $290-$300 million, compared to the consensus revenue estimate of $296.41 million.
What price target have analysts set for HIIQ?
8 equities research analysts have issued 1-year target prices for Health Insurance Innovations' shares. Their forecasts range from $34.60 to $60.00. On average, they anticipate Health Insurance Innovations' share price to reach $44.70 in the next year. 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. 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." (6/8/2018)
- 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. " (6/5/2018)
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 (Age 39)
- Mr. Michael W. Kosloske, Founder, Chief of Product Innovation & Director (Age 54)
- Sheldon X. Wang, Chief Technology Officer (Age 59)
- Mr. Bruce A. Telkamp, Director (Age 51)
- Mr. Michael D. Hershberger, Chief Financial Officer, Treasurer and Sec. (Age 55)
Has Health Insurance Innovations been receiving favorable news coverage?
Press coverage about HIIQ stock has been trending somewhat negative recently, Accern reports. The research group identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Health Insurance Innovations earned a coverage optimism score of -0.06 on Accern's scale. They also assigned news headlines about the financial services provider an impact score of 46.77 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company's share price in the next several days.
Who are Health Insurance Innovations' major shareholders?
Health Insurance Innovations' stock is owned by many different of retail and institutional investors. Top institutional shareholders include Lyon Street Capital LLC (7.77%), Cannell Capital LLC (4.39%), P2 Capital Partners LLC (3.79%), Millennium Management LLC (2.21%), Harvest Capital Strategies LLC (2.09%) and Northern Trust Corp (0.82%). Company insiders that own Health Insurance Innovations stock include Anthony Barkett, Bruce Telkamp, Cannell Capital Llc, John Fichthorn, Josef A Denother, Michael D Hershberger, Michael W Kosloske, Patrick Mcnamee, 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 Cannell Capital LLC, Tenzing Global Management LLC, Lyon Street Capital LLC, Millennium Management LLC, New York State Common Retirement Fund, Trellus Management Company LLC, Alps Advisors Inc. and SG Americas Securities LLC. 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 purchased by a variety of institutional investors in the last quarter, including P2 Capital Partners LLC, Tieton Capital Management LLC, Engineers Gate Manager LP, Argent Capital Management LLC, A.R.T. Advisors LLC, Harvest Capital Strategies LLC, Catalyst Capital Advisors LLC and Trexquant Investment LP. Company insiders that have bought Health Insurance Innovations stock in the last two years include Anthony Barkett, Cannell Capital Llc, John Fichthorn, Josef A Denother, Michael D Hershberger, Patrick Mcnamee 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 $33.35.
How big of a company is Health Insurance Innovations?
Health Insurance Innovations has a market capitalization of $568.87 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 (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.
