Anat Hakim Sells 1,647 Shares of WellCare Health Plans, Inc. (WCG) Stock

WellCare Health Plans, Inc. (NYSE:WCG) EVP Anat Hakim sold 1,647 shares of the business’s stock in a transaction that occurred on Friday, November 30th. The stock was sold at an average price of $256.24, for a total value of $422,027.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

WCG opened at $252.26 on Thursday. The firm has a market capitalization of $12.74 billion, a P/E ratio of 29.61, a PEG ratio of 1.46 and a beta of 1.18. WellCare Health Plans, Inc. has a 1 year low of $187.06 and a 1 year high of $324.99. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.51.

WellCare Health Plans (NYSE:WCG) last released its earnings results on Tuesday, October 30th. The company reported $3.33 earnings per share for the quarter, beating analysts’ consensus estimates of $3.09 by $0.24. The firm had revenue of $5.06 billion during the quarter, compared to the consensus estimate of $5.06 billion. WellCare Health Plans had a return on equity of 15.45% and a net margin of 2.38%. The company’s revenue was up 14.9% compared to the same quarter last year. During the same period in the prior year, the company posted $4.08 EPS. On average, research analysts expect that WellCare Health Plans, Inc. will post 11.01 EPS for the current fiscal year.

A number of research analysts recently weighed in on WCG shares. Barclays reissued a “buy” rating and set a $338.00 target price on shares of WellCare Health Plans in a report on Friday, September 28th. Evercore ISI assumed coverage on WellCare Health Plans in a research note on Tuesday, October 9th. They issued an “outperform” rating and a $365.00 price target for the company. Morgan Stanley boosted their price target on WellCare Health Plans from $280.00 to $330.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 5th. Wells Fargo & Co restated a “buy” rating on shares of WellCare Health Plans in a research note on Wednesday, September 26th. Finally, Cantor Fitzgerald boosted their price target on WellCare Health Plans from $292.00 to $330.00 and gave the company an “overweight” rating in a research note on Monday, September 17th. Three research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $305.20.

Several large investors have recently added to or reduced their stakes in the company. CFO4Life Group LLC lifted its position in shares of WellCare Health Plans by 9.3% during the 3rd quarter. CFO4Life Group LLC now owns 2,055 shares of the company’s stock valued at $659,000 after acquiring an additional 174 shares during the period. Advisors Asset Management Inc. lifted its position in shares of WellCare Health Plans by 1.7% during the 2nd quarter. Advisors Asset Management Inc. now owns 10,794 shares of the company’s stock valued at $2,658,000 after acquiring an additional 182 shares during the period. Harvest Fund Management Co. Ltd lifted its position in shares of WellCare Health Plans by 55.2% during the 2nd quarter. Harvest Fund Management Co. Ltd now owns 512 shares of the company’s stock valued at $126,000 after acquiring an additional 182 shares during the period. Public Employees Retirement Association of Colorado lifted its position in shares of WellCare Health Plans by 2.0% during the 3rd quarter. Public Employees Retirement Association of Colorado now owns 9,122 shares of the company’s stock valued at $2,924,000 after acquiring an additional 183 shares during the period. Finally, People s United Financial Inc. lifted its position in shares of WellCare Health Plans by 10.9% during the 3rd quarter. People s United Financial Inc. now owns 1,971 shares of the company’s stock valued at $632,000 after acquiring an additional 194 shares during the period. Hedge funds and other institutional investors own 98.53% of the company’s stock.

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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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