Wall Street analysts expect that Health Insurance Innovations Inc (NASDAQ:HIIQ) will report earnings of $0.34 per share for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Health Insurance Innovations’ earnings, with estimates ranging from $0.30 to $0.38. Health Insurance Innovations posted earnings of $0.35 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 2.9%. The business is expected to report its next quarterly earnings report on Wednesday, March 7th.

On average, analysts expect that Health Insurance Innovations will report full year earnings of $1.63 per share for the current fiscal year, with EPS estimates ranging from $1.58 to $1.66. For the next financial year, analysts forecast that the business will report earnings of $1.91 per share, with EPS estimates ranging from $1.75 to $2.10. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that follow Health Insurance Innovations.

Health Insurance Innovations (NASDAQ:HIIQ) last posted its quarterly earnings data on Wednesday, November 1st. The financial services provider reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.11. The business had revenue of $63.34 million during the quarter, compared to the consensus estimate of $59.30 million. Health Insurance Innovations had a net margin of 5.98% and a return on equity of 21.32%. The company’s quarterly revenue was up 37.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.33 earnings per share.

A number of brokerages have weighed in on HIIQ. Canaccord Genuity reissued a “buy” rating and issued a $39.00 price target on shares of Health Insurance Innovations in a report on Friday, September 1st. ValuEngine raised shares of Health Insurance Innovations from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Cantor Fitzgerald reissued a “buy” rating and issued a $38.00 price target on shares of Health Insurance Innovations in a report on Friday, September 1st. TheStreet downgraded Health Insurance Innovations from a “b-” rating to a “c” rating in a report on Thursday, September 28th. Finally, Zacks Investment Research downgraded Health Insurance Innovations from a “buy” rating to a “hold” rating in a report on Wednesday, October 11th. One research analyst has rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $30.86.

Health Insurance Innovations (NASDAQ HIIQ) traded down $0.65 during mid-day trading on Tuesday, reaching $26.90. 1,020,000 shares of the company traded hands, compared to its average volume of 494,240. The firm has a market capitalization of $445.00, a P/E ratio of 17.04 and a beta of 0.65. Health Insurance Innovations has a 1-year low of $12.65 and a 1-year high of $37.38.

Health Insurance Innovations declared that its Board of Directors has authorized a share repurchase plan on Monday, October 16th that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the financial services provider to reacquire shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.

In other news, Director Robert S. Murley acquired 5,000 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The shares were purchased at an average price of $22.50 per share, for a total transaction of $112,500.00. Following the completion of the acquisition, the director now owns 39,734 shares of the company’s stock, valued at approximately $894,015. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 30.00% of the stock is owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. acquired a new position in Health Insurance Innovations in the second quarter worth approximately $113,000. Advisors Asset Management Inc. acquired a new position in Health Insurance Innovations in the third quarter worth approximately $142,000. Nationwide Fund Advisors acquired a new position in Health Insurance Innovations in the second quarter worth approximately $149,000. Chicago Equity Partners LLC acquired a new position in Health Insurance Innovations in the third quarter worth approximately $158,000. Finally, First Trust Advisors LP acquired a new position in Health Insurance Innovations in the third quarter worth approximately $171,000. Hedge funds and other institutional investors own 68.11% of the company’s stock.

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Health Insurance Innovations Company Profile

Health Insurance Innovations, Inc is a developer, distributor and cloud-based administrator of individual and family health insurance plans (IFPs) and supplemental products, which include short-term medical (STM) insurance plans, and guaranteed-issue and underwritten hospital indemnity plans. The Company also develops, distributes and administers supplemental products, which include a range of additional insurance and non-insurance products, such as pharmacy benefit cards, dental plans, vision plans, cancer/critical illness plans, deductible and gap protection plans, and life insurance policies that are purchased as supplements to IFP.

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Earnings History and Estimates for Health Insurance Innovations (NASDAQ:HIIQ)

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