WellCare Health Plans, Inc. (NYSE:WCG) Director Roel C. Campos sold 6,000 shares of the company’s stock in a transaction dated Thursday, March 16th. The stock was sold at an average price of $143.41, for a total value of $860,460.00. Following the sale, the director now owns 9,861 shares of the company’s stock, valued at approximately $1,414,166.01. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Shares of WellCare Health Plans, Inc. (NYSE:WCG) traded down 2.54% during mid-day trading on Monday, reaching $141.05. The company had a trading volume of 283,609 shares. The firm’s 50-day moving average is $143.18 and its 200 day moving average is $131.00. WellCare Health Plans, Inc. has a 12 month low of $86.75 and a 12 month high of $151.93. The company has a market capitalization of $6.25 billion, a price-to-earnings ratio of 25.98 and a beta of 1.00.

WellCare Health Plans (NYSE:WCG) last released its quarterly earnings results on Tuesday, February 7th. The company reported $1.03 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.51. WellCare Health Plans had a return on equity of 14.01% and a net margin of 1.70%. The firm had revenue of $3.52 billion for the quarter, compared to the consensus estimate of $3.56 billion. During the same quarter last year, the business posted $0.64 EPS. The company’s revenue for the quarter was up .6% on a year-over-year basis. On average, equities research analysts predict that WellCare Health Plans, Inc. will post $6.31 earnings per share for the current year.

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Several hedge funds have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. increased its stake in WellCare Health Plans by 53.2% in the third quarter. Principal Financial Group Inc. now owns 266,516 shares of the company’s stock valued at $31,206,000 after buying an additional 92,598 shares in the last quarter. DIAM Co. Ltd. increased its stake in WellCare Health Plans by 56.7% in the third quarter. DIAM Co. Ltd. now owns 94,117 shares of the company’s stock valued at $11,020,000 after buying an additional 34,065 shares in the last quarter. Russell Investments Group Ltd. purchased a new stake in WellCare Health Plans during the fourth quarter valued at about $67,350,000. JPMorgan Chase & Co. increased its stake in WellCare Health Plans by 30.3% in the third quarter. JPMorgan Chase & Co. now owns 1,988,127 shares of the company’s stock valued at $232,789,000 after buying an additional 462,749 shares in the last quarter. Finally, California State Teachers Retirement System increased its stake in WellCare Health Plans by 0.9% in the third quarter. California State Teachers Retirement System now owns 94,618 shares of the company’s stock valued at $11,079,000 after buying an additional 800 shares in the last quarter.

Several analysts have recently issued reports on the company. Zacks Investment Research downgraded WellCare Health Plans from a “buy” rating to a “hold” rating in a research note on Monday, March 6th. Barclays PLC reiterated a “hold” rating and set a $146.00 price target on shares of WellCare Health Plans in a research note on Monday, January 9th. Jefferies Group LLC reiterated a “hold” rating and set a $137.00 price target (up previously from $134.00) on shares of WellCare Health Plans in a research note on Wednesday, December 21st. Goldman Sachs Group Inc downgraded WellCare Health Plans from a “buy” rating to a “neutral” rating in a research note on Tuesday, December 13th. Finally, Leerink Swann upped their price target on WellCare Health Plans from $160.00 to $170.00 and gave the stock an “outperform” rating in a research note on Thursday, February 9th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $132.18.

About WellCare Health Plans

WellCare Health Plans, Inc is a managed care company. The Company focuses on government-sponsored managed care services, primarily through Medicaid, Medicare Advantage (MA) and Medicare Prescription Drug Plans (PDPs), to families, children, seniors and individuals with medical needs. The Company operates through three segments: Medicaid Health Plans, Medicare Health Plans and Medicare PDPs.

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