WellCare Health Plans Inc. (NYSE:WCG) Director Paul E. Weaver sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, November 18th. The stock was sold at an average price of $128.83, for a total transaction of $386,490.00. Following the completion of the transaction, the director now directly owns 15,892 shares of the company’s stock, valued at $2,047,366.36. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Shares of WellCare Health Plans Inc. (NYSE:WCG) traded up 1.37% during trading on Monday, reaching $130.36. 1,364,249 shares of the company were exchanged. WellCare Health Plans Inc. has a 1-year low of $69.16 and a 1-year high of $132.35. The stock’s 50 day moving average is $119.43 and its 200 day moving average is $110.42. The company has a market capitalization of $5.77 billion, a price-to-earnings ratio of 27.60 and a beta of 0.93.

WellCare Health Plans (NYSE:WCG) last posted its quarterly earnings results on Tuesday, November 1st. The company reported $1.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.11 by $0.52. The business earned $3.58 billion during the quarter, compared to analyst estimates of $3.51 billion. WellCare Health Plans had a net margin of 1.47% and a return on equity of 13.48%. The company’s revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.00 earnings per share. Equities analysts anticipate that WellCare Health Plans Inc. will post $5.43 earnings per share for the current year.

Several analysts have issued reports on the stock. Leerink Swann reiterated an “outperform” rating and issued a $135.00 target price (up from $115.00) on shares of WellCare Health Plans in a research note on Friday. Credit Suisse Group AG upgraded shares of WellCare Health Plans from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $108.00 to $115.00 in a research note on Friday, November 11th. JPMorgan Chase & Co. cut shares of WellCare Health Plans from an “overweight” rating to a “neutral” rating and set a $115.00 target price on the stock. in a research note on Thursday, November 10th. Morgan Stanley reiterated a “sell” rating and issued a $80.00 target price on shares of WellCare Health Plans in a research note on Wednesday, August 3rd. Finally, Jefferies Group increased their target price on shares of WellCare Health Plans to $105.00 in a research note on Wednesday, August 3rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $105.89.

Several institutional investors have recently bought and sold shares of the company. Advisory Services Network LLC purchased a new position in WellCare Health Plans during the third quarter worth $104,000. MSI Financial Services Inc raised its position in WellCare Health Plans by 40.4% in the third quarter. MSI Financial Services Inc now owns 1,143 shares of the company’s stock worth $134,000 after buying an additional 329 shares during the last quarter. BlackRock Japan Co. Ltd raised its position in WellCare Health Plans by 95.8% in the third quarter. BlackRock Japan Co. Ltd now owns 1,400 shares of the company’s stock worth $164,000 after buying an additional 685 shares during the last quarter. Advisors Asset Management Inc. raised its position in WellCare Health Plans by 27.4% in the second quarter. Advisors Asset Management Inc. now owns 1,529 shares of the company’s stock worth $164,000 after buying an additional 329 shares during the last quarter. Finally, LPL Financial LLC purchased a new position in WellCare Health Plans during the third quarter worth $207,000. Institutional investors and hedge funds own 99.84% of the company’s stock.

WellCare Health Plans Company Profile

WellCare Health Plans, Inc is a managed care company focused 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 complex medical needs. The Company’s segments include Medicaid Health Plans, Medicare Health Plans and Medicare PDPs.

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