NASDAQ:HIIQ - Health Insurance Innovations Stock Price, Price Target & More

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$33.15 +0.20 (+0.61 %)
(As of 07/18/2018 04:00 PM ET)
Previous Close$32.95
Today's Range$32.90 - $33.45
52-Week Range$12.65 - $37.38
Volume111,200 shs
Average Volume373,072 shs
Market Capitalization$553.79 million
P/E Ratio27.60
Dividend YieldN/A
Beta0.56
Health Insurance Innovations logoHealth 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.

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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 Ratio1.83
Quick Ratio1.83

Price-To-Earnings

Trailing P/E Ratio27.60
Forward P/E Ratio15.86
P/E GrowthN/A

Sales & Book Value

Annual Sales$250.48 million
Price / Sales2.22
Cash Flow$1.4578 per share
Price / Cash22.74
Book Value$6.61 per share
Price / Book5.02

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
Market Cap$553.79

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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 declared that its board has authorized a share repurchase plan on Tuesday, October 17th 2017, which permits the company to buyback $50,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company's board of directors believes its shares are undervalued.

How were Health Insurance Innovations' earnings last quarter?

Health Insurance Innovations Inc (NASDAQ:HIIQ) announced its quarterly earnings data on Wednesday, May, 2nd. The financial services provider reported $0.52 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.50 by $0.02. The financial services provider had revenue of $67.80 million for the quarter, compared to analyst estimates of $68.53 million. Health Insurance Innovations had a net margin of 6.17% and a return on equity of 20.15%. The firm's quarterly revenue was up 21.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.36 earnings per share. 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 earnings per share 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 12-month price objectives for Health Insurance Innovations' shares. Their predictions range from $34.60 to $60.00. On average, they anticipate Health Insurance Innovations' stock price to reach $44.70 in the next year. This suggests a possible upside of 34.8% from the stock's current price. View Analyst Ratings 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."

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 & 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. John Evans, Investor Relations contact

Has Health Insurance Innovations been receiving favorable news coverage?

News articles about HIIQ stock have been trending positive on Wednesday, Accern Sentiment reports. The research group identifies positive and negative media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Health Insurance Innovations earned a media sentiment score of 0.29 on Accern's scale. They also assigned news headlines about the financial services provider an impact score of 46.29 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company's share price in the near term.

Who are Health Insurance Innovations' major shareholders?

Health Insurance Innovations' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Peregrine Capital Management LLC (1.39%). 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 buying Health Insurance Innovations stock?

HIIQ stock was purchased by a variety of institutional investors in the last quarter, including Peregrine Capital Management LLC. 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 $33.15.

How big of a company is Health Insurance Innovations?

Health Insurance Innovations has a market capitalization of $553.79 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)

Community Ranking:  3.0 out of 5 (star star star)
Outperform Votes:  221 (Vote Outperform)
Underperform Votes:  148 (Vote Underperform)
Total Votes:  369
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.
This page was last updated on 7/18/2018 by MarketBeat.com Staff

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