Principal Financial Group Inc. reduced its position in shares of WellCare Health Plans, Inc. (NYSE:WCG) by 52.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 203,162 shares of the company’s stock after selling 226,404 shares during the period. Principal Financial Group Inc. owned 0.46% of WellCare Health Plans worth $34,891,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WCG. FMR LLC lifted its position in shares of WellCare Health Plans by 442.3% during the first quarter. FMR LLC now owns 54,878 shares of the company’s stock valued at $7,694,000 after purchasing an additional 44,759 shares in the last quarter. Capstone Asset Management Co. lifted its position in shares of WellCare Health Plans by 9.1% during the second quarter. Capstone Asset Management Co. now owns 7,009 shares of the company’s stock valued at $1,259,000 after purchasing an additional 587 shares in the last quarter. NN Investment Partners Holdings N.V. bought a new position in shares of WellCare Health Plans during the second quarter valued at about $737,000. State of Alaska Department of Revenue bought a new position in shares of WellCare Health Plans during the second quarter valued at about $121,000. Finally, Oregon Public Employees Retirement Fund lifted its position in shares of WellCare Health Plans by 4.6% during the second quarter. Oregon Public Employees Retirement Fund now owns 16,284 shares of the company’s stock valued at $2,924,000 after purchasing an additional 723 shares in the last quarter. 98.17% of the stock is currently owned by institutional investors.

WellCare Health Plans, Inc. (WCG) opened at $198.00 on Friday. The firm has a market cap of $8,820.00, a PE ratio of 21.66, a PEG ratio of 1.54 and a beta of 0.81. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.28 and a quick ratio of 1.28. WellCare Health Plans, Inc. has a 12 month low of $127.82 and a 12 month high of $208.89.

WellCare Health Plans (NYSE:WCG) last posted its earnings results on Tuesday, October 31st. The company reported $4.08 earnings per share for the quarter, topping the consensus estimate of $1.90 by $2.18. The firm had revenue of $4.40 billion during the quarter, compared to the consensus estimate of $4.37 billion. WellCare Health Plans had a net margin of 2.21% and a return on equity of 19.42%. The company’s revenue was up 22.8% on a year-over-year basis. During the same quarter last year, the company earned $1.63 earnings per share. equities research analysts expect that WellCare Health Plans, Inc. will post 8.46 EPS for the current fiscal year.

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A number of research analysts recently weighed in on WCG shares. Piper Jaffray Companies reissued a “buy” rating and set a $214.00 price target on shares of WellCare Health Plans in a research report on Wednesday, November 1st. BidaskClub downgraded shares of WellCare Health Plans from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. ValuEngine upgraded shares of WellCare Health Plans from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Cantor Fitzgerald restated a “buy” rating and set a $195.00 price objective on shares of WellCare Health Plans in a report on Saturday, August 26th. Finally, Zacks Investment Research upgraded shares of WellCare Health Plans from a “hold” rating to a “buy” rating and set a $193.00 price objective for the company in a report on Friday, August 11th. Eleven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. WellCare Health Plans currently has a consensus rating of “Hold” and an average price target of $197.00.

In related news, Director Carol Burt sold 997 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $202.20, for a total transaction of $201,593.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Kenneth A. Burdick sold 8,500 shares of the business’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $174.24, for a total transaction of $1,481,040.00. Following the transaction, the chief executive officer now directly owns 23,627 shares of the company’s stock, valued at approximately $4,116,768.48. The disclosure for this sale can be found here. 0.47% of the stock is owned by company insiders.

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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Institutional Ownership by Quarter for WellCare Health Plans (NYSE:WCG)

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