58,300 Shares in WellCare Health Plans, Inc. (WCG) Acquired by APG Asset Management N.V.

APG Asset Management N.V. acquired a new stake in shares of WellCare Health Plans, Inc. (NYSE:WCG) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 58,300 shares of the company’s stock, valued at approximately $10,012,000. APG Asset Management N.V. owned 0.13% of WellCare Health Plans at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. M&T Bank Corp lifted its position in shares of WellCare Health Plans by 0.3% during the second quarter. M&T Bank Corp now owns 2,088 shares of the company’s stock worth $376,000 after acquiring an additional 6 shares in the last quarter. World Asset Management Inc raised its position in shares of WellCare Health Plans by 0.3% in the second quarter. World Asset Management Inc now owns 3,428 shares of the company’s stock worth $616,000 after buying an additional 11 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of WellCare Health Plans by 0.3% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,493 shares of the company’s stock worth $1,166,000 after buying an additional 22 shares in the last quarter. Meeder Asset Management Inc. raised its position in shares of WellCare Health Plans by 0.6% in the second quarter. Meeder Asset Management Inc. now owns 9,779 shares of the company’s stock worth $1,755,000 after buying an additional 63 shares in the last quarter. Finally, Advisory Services Network LLC raised its position in shares of WellCare Health Plans by 8.4% in the second quarter. Advisory Services Network LLC now owns 866 shares of the company’s stock worth $155,000 after buying an additional 67 shares in the last quarter. 97.84% of the stock is owned by institutional investors and hedge funds.

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

WellCare Health Plans, Inc. (WCG) traded down $0.11 during trading on Friday, reaching $200.55. 218,300 shares of the company were exchanged, compared to its average volume of 435,145. 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 $119.69 and a 12 month high of $208.89. The stock has a market cap of $8,928.89, a price-to-earnings ratio of 21.70, a P/E/G ratio of 1.54 and a beta of 0.81.

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

WCG has been the topic of a number of research reports. Cantor Fitzgerald restated a “buy” rating and set a $195.00 price target on shares of WellCare Health Plans in a research report on Saturday, August 26th. Zacks Investment Research downgraded WellCare Health Plans from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. Mitsubishi UFJ Financial Group initiated coverage on WellCare Health Plans in a research note on Thursday, September 21st. They set an “overweight” rating and a $204.00 price objective on the stock. ValuEngine raised WellCare Health Plans from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, Jefferies Group LLC raised their price objective on WellCare Health Plans from $189.00 to $190.00 and gave the company a “hold” rating in a research note on Friday, October 13th. Eleven research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $195.27.

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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.

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

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