WellCare Health Plans, Inc. (NYSE:WCG) VP Michael Troy Meyer sold 600 shares of the company’s stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $171.86, for a total transaction of $103,116.00. Following the completion of the sale, the vice president now owns 73 shares of the company’s stock, valued at approximately $12,545.78. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Shares of WellCare Health Plans, Inc. (NYSE:WCG) traded up 0.44% during trading on Thursday, hitting $172.82. The stock had a trading volume of 332,197 shares. The company has a market capitalization of $7.69 billion, a P/E ratio of 28.43 and a beta of 1.00. WellCare Health Plans, Inc. has a 1-year low of $99.12 and a 1-year high of $174.51. The firm has a 50-day moving average of $158.93 and a 200 day moving average of $144.29.

WellCare Health Plans (NYSE:WCG) last posted its earnings results on Wednesday, May 3rd. The company reported $1.61 EPS for the quarter, topping the consensus estimate of $1.19 by $0.42. The company had revenue of $3.95 billion during the quarter, compared to the consensus estimate of $3.85 billion. WellCare Health Plans had a net margin of 1.70% and a return on equity of 14.01%. The firm’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.06 earnings per share. Equities research analysts predict that WellCare Health Plans, Inc. will post $6.86 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for WellCare Health Plans (NYSE:WCG)

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A number of research firms recently commented on WCG. Zacks Investment Research upgraded shares of WellCare Health Plans from a “hold” rating to a “buy” rating and set a $172.00 price objective for the company in a research report on Monday, May 1st. Wolfe Research restated a “market perform” rating on shares of WellCare Health Plans in a research report on Monday, May 15th. JPMorgan Chase & Co. cut shares of WellCare Health Plans from an “overweight” rating to a “neutral” rating in a research report on Tuesday, January 31st. Jefferies Group LLC upped their price objective on shares of WellCare Health Plans from $142.00 to $170.00 and gave the company a “hold” rating in a research report on Thursday, May 4th. Finally, Deutsche Bank AG assumed coverage on WellCare Health Plans in a report on Wednesday, April 5th. They set a “buy” rating and a $168.00 target price for the company. One analyst has rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company’s stock. WellCare Health Plans has a consensus rating of “Hold” and a consensus target price of $138.33.

Several large investors have recently bought and sold shares of the company. Advisory Services Network LLC acquired a new stake in WellCare Health Plans during the first quarter valued at approximately $112,000. Creative Planning increased its stake in WellCare Health Plans by 3.0% in the first quarter. Creative Planning now owns 862 shares of the company’s stock valued at $121,000 after buying an additional 25 shares during the last quarter. Focused Wealth Management Inc acquired a new stake in WellCare Health Plans during the fourth quarter valued at approximately $123,000. Harvest Fund Management Co. Ltd acquired a new stake in WellCare Health Plans during the fourth quarter valued at approximately $140,000. Finally, Calamos Advisors LLC acquired a new stake in WellCare Health Plans during the fourth quarter valued at approximately $214,000.

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.

12 Month Chart for NYSE:WCG

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