Insider Selling: Samuel R. Md Nussbaum Unloads 40,000 Shares of WellPoint Stock (WLP)
WellPoint (NYSE:WLP) EVP Samuel R. Md Nussbaum sold 40,000 shares of WellPoint stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $116.05, for a total value of $4,642,000.00. Following the completion of the sale, the executive vice president now directly owns 103,758 shares of the company’s stock, valued at approximately $12,041,116. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
WLP has been the subject of a number of recent research reports. Analysts at Credit Suisse reiterated a “neutral” rating on shares of WellPoint in a research note on Wednesday, August 13th. They now have a $111.00 price target on the stock, up previously from $109.00. Separately, analysts at BMO Capital Markets raised their price target on shares of WellPoint from $103.00 to $111.00 in a research note on Tuesday, August 5th. Finally, analysts at Zacks reiterated a “neutral” rating on shares of WellPoint in a research note on Thursday, July 31st. They now have a $118.00 price target on the stock. Fourteen research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. WellPoint presently has a consensus rating of “Hold” and an average price target of $117.89.
WellPoint (NYSE:WLP) traded up 0.22% on Friday, hitting $116.51. 1,404,106 shares of the company’s stock traded hands. WellPoint has a 52-week low of $81.46 and a 52-week high of $117.36. The stock’s 50-day moving average is $112.6 and its 200-day moving average is $103.. The company has a market cap of $31.952 billion and a P/E ratio of 15.39.
WellPoint (NYSE:WLP) last announced its earnings results on Wednesday, July 30th. The company reported $2.44 earnings per share for the quarter, beating the analysts’ consensus estimate of $2.25 by $0.19. The company had revenue of $18.23 billion for the quarter, compared to the consensus estimate of $18.25 billion. During the same quarter last year, the company posted $2.60 earnings per share. WellPoint’s revenue was up 4.2% compared to the same quarter last year. On average, analysts predict that WellPoint will post $8.71 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, September 25th. Stockholders of record on Wednesday, September 10th will be paid a dividend of $0.4375 per share. This represents a $1.75 annualized dividend and a dividend yield of 1.50%. The ex-dividend date is Monday, September 8th.
WellPoint, Inc (NYSE:WLP) is a health benefit company in terms of medical membership in the United States.
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