Why Health Insurance Innovations Is Tumbling 10% Today

Continue Reading Below

What happened

After reporting a secondary offering of shares, shares of Health Insurance Innovations (NASDAQ: HIIQ) are losing 10% of their value at 12:30 p.m. EST Wednesday.

So what

Health Insurance Innovations shares have been rallying on rising policy demand for its short-term health insurance and hospital indemnity plans. In 2016, the company reported sales of $184.5 million, up 76.2% versus 2015, and net income of $4.5 million, up from $0.6 million in 2015. Adjusted earnings per share for the full year grew to$1.12 in 2016 from $0.27 in 2015.

Continue Reading Below

<3>More From Fool.com