WellCare Health Plans Inc. (NYSE:WCG)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $114.26 and last traded at $114.15, with a volume of 249,995 shares. The stock had previously closed at $113.33.

Several equities analysts have issued reports on WCG shares. Zacks Investment Research raised WellCare Health Plans from a “hold” rating to a “buy” rating and set a $100.00 price objective on the stock in a report on Wednesday, April 13th. Cantor Fitzgerald reaffirmed a “hold” rating and set a $90.00 price objective (up previously from $85.00) on shares of WellCare Health Plans in a report on Friday, June 24th. Jefferies Group reaffirmed a “hold” rating and set a $105.00 price objective (up previously from $101.00) on shares of WellCare Health Plans in a report on Monday, August 1st. Wedbush reaffirmed a “neutral” rating and set a $108.00 price objective on shares of WellCare Health Plans in a report on Monday, June 20th. Finally, Credit Suisse Group AG reaffirmed a “sell” rating and set a $85.00 price objective on shares of WellCare Health Plans in a report on Sunday, July 10th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $99.82.

The firm has a 50 day moving average of $107.93 and a 200 day moving average of $95.71. The firm has a market capitalization of $5.07 billion and a price-to-earnings ratio of 28.61.

WellCare Health Plans (NYSE:WCG) last posted its earnings results on Tuesday, August 2nd. The company reported $2.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.40 by $0.83. The business had revenue of $3.59 billion for the quarter, compared to analyst estimates of $3.53 billion. The business’s revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.34 EPS. Analysts expect that WellCare Health Plans Inc. will post $5.04 EPS for the current fiscal year.

In other WellCare Health Plans news, Director Kevin F. Hickey sold 1,000 shares of the business’s stock in a transaction on Wednesday, June 15th. The shares were sold at an average price of $105.56, for a total value of $105,560.00. Following the transaction, the director now owns 14,730 shares in the company, valued at approximately $1,554,898.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Other institutional investors have recently modified their holdings of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of WellCare Health Plans by 0.5% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,787 shares of the company’s stock worth $1,000,000 after buying an additional 64 shares in the last quarter. BlackRock Advisors LLC raised its position in shares of WellCare Health Plans by 11.6% in the fourth quarter. BlackRock Advisors LLC now owns 204,658 shares of the company’s stock worth $16,007,000 after buying an additional 21,296 shares in the last quarter. Matarin Capital Management LLC purchased a new position in shares of WellCare Health Plans during the fourth quarter worth approximately $5,107,000. Bank of Montreal Can raised its position in shares of WellCare Health Plans by 4.9% in the fourth quarter. Bank of Montreal Can now owns 147,627 shares of the company’s stock worth $11,546,000 after buying an additional 6,834 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of WellCare Health Plans by 3.3% in the fourth quarter. Principal Financial Group Inc. now owns 145,871 shares of the company’s stock worth $11,409,000 after buying an additional 4,669 shares in the last quarter.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.