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Health Insurance Innovations, Inc. Buyback

OLI recorded this information on 3/14/2019

Company: Health Insurance Innovations, Inc.
Buyback: HIIQ buyback
$Amount Authorized: $200,000,000
Buyback Details: Health Insurance Innovations, Inc. (NASDAQ:HIIQ), a leading cloud-based technology platform and distributor of affordable health insurance, life insurance and supplemental plans, today announced that its Board of Directors has increased the amount of the authorized repurchase of the Company's Class A common stock from $100 million up to $200 million and extended the authorization through October 2020. Through March 14, 2019, the Company has repurchased an aggregate of approximately $77.3 million in shares of Class A Common Stock under the previous Share Repurchase Authorization.

Benefytt Technologies is a holding company. Through its subsidiaries, Co. is engaged as a cloud-based technology platform and distributor of individual and family health insurance plans (IFP) which include short-term medical insurance plans, and health benefit insurance plans. Co. provides numerous supplemental insurance and non-insurance products, including life insurance policies, dental plans, vision plans, cancer/critical illness plans, deductible and gap protection plans, and pharmacy benefit cards, that are purchased as supplements to IFPs.
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Company Name: 
Benefytt Technologies Inc
Stock buyback: 
HIIQ buyback
Website: 
www.hiiquote.com
Sector: 
Insurance Brokers
 

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Strong Buy (3.50 out of 4)
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