Shares of WellCare Health Plans Inc. (NYSE:WCG) were up 2.6% during trading on Wednesday . The stock traded as high as $108.11 and last traded at $108.08, with a volume of 636,108 shares trading hands. The stock had previously closed at $105.37.

Several analysts have recently commented on WCG shares. Zacks Investment Research upgraded shares of WellCare Health Plans from a “hold” rating to a “buy” rating and set a $100.00 price objective on the stock in a research report on Wednesday, April 13th. Cantor Fitzgerald restated a “hold” rating and set a $90.00 price objective (up from $85.00) on shares of WellCare Health Plans in a research report on Friday, June 24th. Jefferies Group restated a “hold” rating and set a $91.00 price objective on shares of WellCare Health Plans in a research report on Thursday, May 5th. Wedbush restated a “neutral” rating and set a $108.00 price objective on shares of WellCare Health Plans in a research report on Monday, June 20th. Finally, Leerink Swann reiterated a “buy” rating on shares of WellCare Health Plans in a report on Tuesday, April 19th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. WellCare Health Plans currently has an average rating of “Hold” and an average price target of $97.70.

The firm has a market cap of $4.79 billion and a PE ratio of 34.79. The firm has a 50 day moving average price of $104.94 and a 200-day moving average price of $91.12.

WellCare Health Plans (NYSE:WCG) last announced its quarterly earnings results on Tuesday, May 3rd. The company reported $1.06 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.37. During the same period last year, the company posted $0.49 earnings per share. The firm had revenue of $3.54 billion for the quarter, compared to analysts’ expectations of $3.50 billion. The business’s quarterly revenue was up 2.0% on a year-over-year basis. Analysts anticipate that WellCare Health Plans Inc. will post $4.64 earnings per share for the current year.

In related news, Director Daniel Robert Graham sold 2,100 shares of the stock in a transaction on Wednesday, May 4th. The shares were sold at an average price of $94.47, for a total transaction of $198,387.00. Following the sale, the director now directly owns 18,713 shares of the company’s stock, valued at $1,767,817.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kevin F. Hickey sold 1,000 shares of the stock in a transaction on Wednesday, June 15th. The stock was sold at an average price of $105.56, for a total transaction of $105,560.00. Following the sale, the director now directly owns 14,730 shares in the company, valued at $1,554,898.80. The disclosure for this sale can be found here.

Other hedge funds have recently made changes to their positions in the company. Russell Frank Co increased its stake in shares of WellCare Health Plans by 39.1% in the fourth quarter. Russell Frank Co now owns 95,071 shares of the company’s stock worth $7,539,000 after buying an additional 26,745 shares during the period. Strs Ohio increased its stake in shares of WellCare Health Plans by 2.9% in the fourth quarter. Strs Ohio now owns 21,200 shares of the company’s stock worth $1,658,000 after buying an additional 600 shares during the period. California State Teachers Retirement System increased its stake in shares of WellCare Health Plans by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 81,628 shares of the company’s stock worth $6,384,000 after buying an additional 1,300 shares during the period. Sei Investments Co. increased its stake in shares of WellCare Health Plans by 1.7% in the fourth quarter. Sei Investments Co. now owns 40,012 shares of the company’s stock worth $3,130,000 after buying an additional 667 shares during the period. Finally, Rhumbline Advisers increased its stake in shares of WellCare Health Plans by 3.6% in the fourth quarter. Rhumbline Advisers now owns 88,422 shares of the company’s stock worth $6,915,000 after buying an additional 3,070 shares during the period.

WellCare Health Plans, Inc (WellCare) is a managed care company for government-sponsored health care coverage with a focus on Medicaid and Medicare programs. The Company offers a range of managed care health plans for families, children, and the aged, blind and disabled, as well as prescription drug plans.

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