WellCare Health Plans, Inc. (NYSE:WCG) Director Glenn Md Phd Steele, Jr. sold 8,374 shares of WellCare Health Plans stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $171.97, for a total transaction of $1,440,076.78. Following the completion of the sale, the director now directly owns 5,722 shares in the company, valued at approximately $984,012.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

WellCare Health Plans, Inc. (NYSE WCG) traded up 1.13% during mid-day trading on Monday, reaching $174.33. 124,420 shares of the company were exchanged. The stock has a market capitalization of $7.76 billion, a price-to-earnings ratio of 30.63 and a beta of 0.84. The stock has a 50 day moving average of $179.43 and a 200-day moving average of $161.01. WellCare Health Plans, Inc. has a one year low of $109.74 and a one year high of $184.88.

WellCare Health Plans (NYSE:WCG) last released its earnings results on Friday, August 4th. The company reported $2.52 EPS for the quarter, topping analysts’ consensus estimates of $2.23 by $0.29. WellCare Health Plans had a net margin of 1.66% and a return on equity of 14.91%. The company had revenue of $4.31 billion for the quarter, compared to analysts’ expectations of $4.23 billion. During the same quarter last year, the business earned $2.23 EPS. The firm’s revenue was up 19.8% compared to the same quarter last year. On average, equities analysts expect that WellCare Health Plans, Inc. will post $6.99 earnings per share for the current fiscal year.

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Several analysts have recently issued reports on WCG shares. Zacks Investment Research raised shares of WellCare Health Plans from a “hold” rating to a “buy” rating and set a $172.00 price target on the stock in a research report on Monday, May 1st. Deutsche Bank AG boosted their price target on shares of WellCare Health Plans from $185.00 to $192.00 and gave the company a “buy” rating in a research report on Thursday, July 13th. BidaskClub lowered shares of WellCare Health Plans from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 28th. Morgan Stanley started coverage on shares of WellCare Health Plans in a research report on Tuesday, June 6th. They issued an “equal weight” rating and a $183.00 price target on the stock. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $170.00 price target on shares of WellCare Health Plans in a research report on Thursday, June 8th. Ten investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. WellCare Health Plans currently has a consensus rating of “Hold” and a consensus price target of $172.00.

A number of large investors have recently added to or reduced their stakes in the company. M&T Bank Corp boosted its stake in WellCare Health Plans by 0.3% in the second quarter. M&T Bank Corp now owns 2,088 shares of the company’s stock worth $376,000 after buying an additional 6 shares during the last quarter. World Asset Management Inc boosted its stake in WellCare Health Plans by 0.3% in the second quarter. World Asset Management Inc now owns 3,428 shares of the company’s stock valued at $616,000 after buying an additional 11 shares during the last quarter. Neuberger Berman Group LLC boosted its stake in WellCare Health Plans by 1.1% in the first quarter. Neuberger Berman Group LLC now owns 1,539 shares of the company’s stock valued at $216,000 after buying an additional 16 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in 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 valued at $1,166,000 after buying an additional 22 shares during the last quarter. Finally, Creative Planning boosted 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. Institutional investors own 98.85% of the company’s stock.

WellCare Health Plans Company Profile

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.

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

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