American Century Companies Inc. increased its stake in shares of Health Insurance Innovations Inc (NASDAQ:HIIQ) by 1,809.1% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 211,507 shares of the financial services provider’s stock after purchasing an additional 200,428 shares during the period. American Century Companies Inc.’s holdings in Health Insurance Innovations were worth $6,842,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of HIIQ. P2 Capital Partners LLC purchased a new stake in shares of Health Insurance Innovations in the 1st quarter valued at about $18,352,000. Peregrine Capital Management LLC purchased a new stake in shares of Health Insurance Innovations in the 2nd quarter valued at about $7,525,000. Tieton Capital Management LLC purchased a new stake in shares of Health Insurance Innovations in the 1st quarter valued at about $3,789,000. CIBC Private Wealth Group LLC purchased a new stake in shares of Health Insurance Innovations in the 2nd quarter valued at about $1,928,000. Finally, Engineers Gate Manager LP purchased a new stake in shares of Health Insurance Innovations in the 1st quarter valued at about $1,377,000. 86.90% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have weighed in on the company. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $65.00 price target on shares of Health Insurance Innovations in a report on Thursday, August 16th. B. Riley increased their price objective on Health Insurance Innovations from $45.00 to $56.00 and gave the company a “buy” rating in a research report on Tuesday, August 7th. Canaccord Genuity reiterated a “buy” rating and set a $62.00 price objective (up from $55.00) on shares of Health Insurance Innovations in a research report on Thursday, August 2nd. ValuEngine upgraded Health Insurance Innovations from a “hold” rating to a “buy” rating in a research report on Thursday, August 2nd. Finally, Zacks Investment Research upgraded Health Insurance Innovations from a “hold” rating to a “buy” rating and set a $36.00 price objective on the stock in a research report on Tuesday, July 31st. Ten equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $47.07.

In other news, CEO of HealthPocket, Inc. division Bruce Telkamp sold 7,517 shares of Health Insurance Innovations stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $43.20, for a total value of $324,734.40. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Michael W. Kosloske sold 1,300,000 shares of Health Insurance Innovations stock in a transaction that occurred on Thursday, June 7th. The stock was sold at an average price of $31.00, for a total value of $40,300,000.00. Following the completion of the sale, the insider now owns 100 shares in the company, valued at $3,100. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,342,524 shares of company stock worth $41,925,031. 55.94% of the stock is owned by corporate insiders.

Shares of Health Insurance Innovations stock opened at $53.00 on Wednesday. The stock has a market cap of $887.82 million, a PE ratio of 44.17 and a beta of 0.56. Health Insurance Innovations Inc has a 12 month low of $12.65 and a 12 month high of $57.03.

Health Insurance Innovations (NASDAQ:HIIQ) last announced its quarterly earnings data on Wednesday, August 1st. The financial services provider reported $0.61 EPS for the quarter, beating the consensus estimate of $0.58 by $0.03. Health Insurance Innovations had a return on equity of 19.43% and a net margin of 5.39%. The firm had revenue of $71.70 million for the quarter, compared to analyst estimates of $70.51 million. During the same period in the prior year, the company earned $0.46 EPS. The company’s revenue was up 16.0% on a year-over-year basis. sell-side analysts anticipate that Health Insurance Innovations Inc will post 2.06 earnings per share for the current fiscal year.

Health Insurance Innovations 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.

Featured Story: Dividend Stocks – Are They Right For You?

Want to see what other hedge funds are holding HIIQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Health Insurance Innovations Inc (NASDAQ:HIIQ).

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

Receive News & Ratings for Health Insurance Innovations Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Health Insurance Innovations and related companies with MarketBeat.com's FREE daily email newsletter.