A Director at Health Insurance Innovations (NASDAQ: HIIQ) is Selling Shares

By Carrie Williams

Today, a Director at Health Insurance Innovations (NASDAQ: HIIQ), Robert Murley, sold shares of HIIQ for $160.4K.

Following Robert Murley’s last HIIQ Sell transaction on June 10, 2016, the stock climbed by 11.2%. In addition to Robert Murley, 2 other HIIQ executives reported Sell trades in the last month.

Based on Health Insurance Innovations’ latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $78.55 million and quarterly net profit of $1.94 million. In comparison, last year the company earned revenue of $55.55 million and had a net profit of $143K. The company has a one year high of $21 and a one year low of $3.72. HIIQ’s market cap is $122M and the company has a P/E ratio of 25.

The insider sentiment on Health Insurance Innovations has been negative according to 37 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Health Insurance Innovations, Inc. is a developer, distributor and virtual administrator of affordable individual and family health insurance plans and supplemental products. The company sells individual and family insurance plans that include short-term medical insurance plans and hospital indemnity plans. It also offer a variety 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 frequently purchased as supplements to IFP. The company was founded by Michael W. Kosloske in 2008 and is headquartered in Tampa, FL.