Insider Selling: Samuel Md Nussbaum Sells 42,100 Shares of WellPoint Stock (WLP)
WellPoint (NYSE:WLP) EVP Samuel Md Nussbaum unloaded 42,100 shares of the stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $89.29, for a total value of $3,759,109.00. Following the completion of the transaction, the executive vice president now directly owns 91,463 shares of the company’s stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.
A number of research firms have recently commented on WLP. Analysts at Merrill Lynch upgraded shares of WellPoint (NYSE:WLP) from an “underperform” rating to a “neutral” rating in a research note to investors on Friday. Separately, analysts at Bank of America Corp. upgraded shares of WellPoint (NYSE:WLP) from an “underperform” rating to a “neutral” rating in a research note to investors on Friday. They now have a $98.00 price target on the stock, up previously from $90.00. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of WellPoint (NYSE:WLP) in a research note to investors on Thursday, August 15th. They now have a $88.00 price target on the stock, up previously from $86.00.
Sixteen equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. WellPoint currently has a consensus rating of “Hold” and a consensus target price of $89.71.
WellPoint (NYSE:WLP) traded up 0.71% during mid-day trading on Friday, hitting $89.09. 1,957,141 shares of the company’s stock traded hands. WellPoint has a 1-year low of $53.69 and a 1-year high of $90.00. The stock’s 50-day moving average is $86.48 and its 200-day moving average is $77.01. The company has a market cap of $26.634 billion and a P/E ratio of 9.64.
WellPoint (NYSE:WLP) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $2.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.09 by $0.51. The company had revenue of $17.60 billion for the quarter, compared to the consensus estimate of $17.89 billion. During the same quarter in the previous year, the company posted $2.04 earnings per share. The company’s revenue for the quarter was up 16.0% on a year-over-year basis.
WellPoint, Inc (NYSE:WLP) is a health benefit company in terms of medical membership in the United States, serving 34.
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