WellCare Health Plans, Inc. (NYSE:WCG) EVP Kelly A. Munson sold 3,000 shares of the firm’s stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $173.71, for a total value of $521,130.00. Following the completion of the sale, the executive vice president now directly owns 4,243 shares of the company’s stock, valued at $737,051.53. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Shares of WellCare Health Plans, Inc. (WCG) traded down 0.02% during mid-day trading on Tuesday, hitting $176.53. The company had a trading volume of 23,336 shares. WellCare Health Plans, Inc. has a 12 month low of $101.98 and a 12 month high of $181.04. The company has a market cap of $7.85 billion, a PE ratio of 29.04 and a beta of 0.79. The firm has a 50-day moving average of $171.98 and a 200-day moving average of $150.06.

WellCare Health Plans (NYSE:WCG) last issued its quarterly earnings results on Wednesday, May 3rd. The company reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.42. The firm had revenue of $3.95 billion during the quarter, compared to the consensus estimate of $3.85 billion. WellCare Health Plans had a return on equity of 14.75% and a net margin of 1.85%. WellCare Health Plans’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.06 earnings per share. On average, analysts expect that WellCare Health Plans, Inc. will post $6.86 EPS for the current year.

Insider Buying and Selling by Quarter for WellCare Health Plans (NYSE:WCG)

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A number of hedge funds and other institutional investors have recently modified their holdings of WCG. Neuberger Berman Group LLC increased its position in WellCare Health Plans by 1.1% in the first quarter. Neuberger Berman Group LLC now owns 1,539 shares of the company’s stock worth $216,000 after buying an additional 16 shares in the last quarter. Creative Planning increased its position in WellCare Health Plans by 3.0% in the first quarter. Creative Planning now owns 862 shares of the company’s stock worth $121,000 after buying an additional 25 shares in the last quarter. ARP Americas LLC increased its position in WellCare Health Plans by 2.0% in the first quarter. ARP Americas LLC now owns 3,354 shares of the company’s stock worth $470,000 after buying an additional 67 shares in the last quarter. Envestnet Asset Management Inc. increased its position in WellCare Health Plans by 4.6% in the fourth quarter. Envestnet Asset Management Inc. now owns 1,875 shares of the company’s stock worth $257,000 after buying an additional 83 shares in the last quarter. Finally, Advantus Capital Management Inc increased its position in WellCare Health Plans by 3.1% in the first quarter. Advantus Capital Management Inc now owns 5,672 shares of the company’s stock worth $795,000 after buying an additional 168 shares in the last quarter. 99.45% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have issued reports on WCG shares. Deutsche Bank AG started coverage on WellCare Health Plans in a research note on Wednesday, April 5th. They issued a “buy” rating and a $168.00 target price for the company. Zacks Investment Research raised WellCare Health Plans from a “hold” rating to a “buy” rating and set a $162.00 target price for the company in a research note on Wednesday, March 8th. Morgan Stanley started coverage on WellCare Health Plans in a research note on Tuesday, June 6th. They issued an “equal weight” rating and a $183.00 target price for the company. Jefferies Group LLC reaffirmed a “hold” rating and issued a $170.00 target price on shares of WellCare Health Plans in a research note on Thursday, June 8th. Finally, Wolfe Research reaffirmed a “market perform” rating on shares of WellCare Health Plans in a research note on Monday, May 15th. Eleven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $146.92.

WellCare Health Plans Company Profile

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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