Kentucky Retirement Systems acquired a new stake in shares of WellCare Health Plans, Inc. (NYSE:WCG) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 2,175 shares of the company’s stock, valued at approximately $513,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of WCG. Vanguard Group Inc increased its stake in shares of WellCare Health Plans by 26.1% during the third quarter. Vanguard Group Inc now owns 5,602,927 shares of the company’s stock valued at $1,795,681,000 after acquiring an additional 1,159,497 shares during the period. Vanguard Group Inc. increased its stake in shares of WellCare Health Plans by 26.1% during the third quarter. Vanguard Group Inc. now owns 5,602,927 shares of the company’s stock valued at $1,795,681,000 after acquiring an additional 1,159,497 shares during the period. Carmignac Gestion acquired a new position in shares of WellCare Health Plans during the fourth quarter valued at approximately $168,192,000. Marshall Wace LLP increased its stake in shares of WellCare Health Plans by 287.7% during the third quarter. Marshall Wace LLP now owns 377,862 shares of the company’s stock valued at $121,101,000 after acquiring an additional 280,406 shares during the period. Finally, BlackRock Inc. increased its stake in shares of WellCare Health Plans by 3.8% during the fourth quarter. BlackRock Inc. now owns 4,158,143 shares of the company’s stock valued at $981,697,000 after acquiring an additional 151,998 shares during the period. Institutional investors and hedge funds own 98.49% of the company’s stock.

Shares of NYSE:WCG opened at $273.64 on Tuesday. The company has a market cap of $13.49 billion, a P/E ratio of 24.81, a price-to-earnings-growth ratio of 1.26 and a beta of 1.24. WellCare Health Plans, Inc. has a 1-year low of $188.32 and a 1-year high of $324.99. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.50.

WellCare Health Plans (NYSE:WCG) last issued its earnings results on Tuesday, February 5th. The company reported $1.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.55 by $0.08. WellCare Health Plans had a net margin of 2.15% and a return on equity of 15.39%. The firm had revenue of $5.94 billion during the quarter, compared to analysts’ expectations of $5.85 billion. During the same period last year, the firm posted $0.32 earnings per share. The firm’s revenue for the quarter was up 37.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that WellCare Health Plans, Inc. will post 13.59 EPS for the current year.

A number of brokerages recently weighed in on WCG. ValuEngine upgraded shares of WellCare Health Plans from a “hold” rating to a “buy” rating in a report on Thursday, January 24th. Zacks Investment Research upgraded shares of WellCare Health Plans from a “hold” rating to a “buy” rating and set a $271.00 target price for the company in a report on Wednesday, December 12th. Cantor Fitzgerald restated a “buy” rating and set a $330.00 target price on shares of WellCare Health Plans in a report on Monday, December 17th. Cowen began coverage on shares of WellCare Health Plans in a report on Thursday, February 28th. They set an “outperform” rating for the company. Finally, BMO Capital Markets raised their target price on shares of WellCare Health Plans to $330.00 and gave the stock an “outperform” rating in a report on Wednesday, February 6th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $306.43.

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WellCare Health Plans Company Profile

WellCare Health Plans, Inc provides government-sponsored managed care services. The company operates in three segments: Medicaid Health Plans, Medicare Health Plans, and Medicare Prescription Drug Plans (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 programs for qualifying families who are not eligible for Medicaid.

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

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