WellCare Health Plans, Inc. (NYSE:WCG) EVP Yount Michael sold 500 shares of WellCare Health Plans stock in a transaction dated Wednesday, November 7th. The stock was sold at an average price of $263.38, for a total value of $131,690.00. Following the transaction, the executive vice president now directly owns 7,044 shares in the company, valued at $1,855,248.72. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

WCG stock opened at $273.32 on Friday. WellCare Health Plans, Inc. has a 1-year low of $187.06 and a 1-year high of $324.99. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.32 and a quick ratio of 1.32. The stock has a market capitalization of $12.82 billion, a PE ratio of 32.08, a price-to-earnings-growth ratio of 1.43 and a beta of 1.23.

WellCare Health Plans (NYSE:WCG) last posted its quarterly earnings data on Tuesday, October 30th. The company reported $3.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.09 by $0.24. WellCare Health Plans had a return on equity of 15.45% and a net margin of 2.38%. The firm had revenue of $5.06 billion during the quarter, compared to analyst estimates of $5.06 billion. During the same period last year, the company posted $4.08 EPS. The business’s quarterly revenue was up 14.9% on a year-over-year basis. Analysts expect that WellCare Health Plans, Inc. will post 11.01 earnings per share for the current year.

Several hedge funds have recently bought and sold shares of WCG. FMR LLC raised its position in shares of WellCare Health Plans by 267.8% in the 3rd quarter. FMR LLC now owns 1,318,399 shares of the company’s stock worth $422,534,000 after acquiring an additional 959,928 shares in the last quarter. American Century Companies Inc. raised its position in shares of WellCare Health Plans by 28.8% in the 2nd quarter. American Century Companies Inc. now owns 1,337,459 shares of the company’s stock worth $329,336,000 after acquiring an additional 299,273 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of WellCare Health Plans by 530.3% in the 3rd quarter. PNC Financial Services Group Inc. now owns 233,780 shares of the company’s stock worth $74,923,000 after acquiring an additional 196,687 shares in the last quarter. Smith Asset Management Group LP bought a new position in shares of WellCare Health Plans in the 2nd quarter worth about $45,200,000. Finally, Massachusetts Financial Services Co. MA raised its position in shares of WellCare Health Plans by 78.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 346,580 shares of the company’s stock worth $111,076,000 after acquiring an additional 152,590 shares in the last quarter. 97.29% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have commented on the company. Barclays lifted their target price on WellCare Health Plans from $288.00 to $295.00 and gave the stock an “overweight” rating in a report on Wednesday, August 1st. Morgan Stanley lifted their target price on WellCare Health Plans from $258.00 to $280.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 1st. Wells Fargo & Co reaffirmed a “buy” rating on shares of WellCare Health Plans in a report on Tuesday, July 31st. Cantor Fitzgerald reaffirmed a “buy” rating and set a $330.00 target price on shares of WellCare Health Plans in a report on Tuesday, October 30th. Finally, Bank of America lifted their target price on WellCare Health Plans from $260.00 to $270.00 and gave the stock a “buy” rating in a report on Tuesday, July 24th. Two equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $301.13.

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About WellCare Health Plans

WellCare Health Plans, Inc provides managed care services for government-sponsored health care programs. It operates through three segments: Medicaid Health Plans, Medicare Health Plans, and Medicare PDPs. The Medicaid Health Plans segment offers plans for beneficiaries of temporary assistance for needy families, supplemental security income, and aged blind and disabled residents; and other state-based programs, such as children's health insurance programs and long-term services and supports for qualifying families who are not eligible for Medicaid.

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