Shares of WellCare Health Plans Inc. (NYSE:WCG) have earned an average recommendation of “Hold” from the eleven analysts that are presently covering the firm. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $105.89.

A number of analysts recently commented on WCG shares. Leerink Swann reiterated an “outperform” rating and set a $135.00 price objective (up previously from $115.00) on shares of WellCare Health Plans in a research report on Friday, November 18th. Credit Suisse Group AG restated a “sell” rating and issued a $100.00 price target on shares of WellCare Health Plans in a research report on Tuesday, August 30th. Wedbush restated a “neutral” rating and issued a $119.00 price target (down previously from $126.00) on shares of WellCare Health Plans in a research report on Wednesday, August 3rd. JPMorgan Chase & Co. cut WellCare Health Plans from an “overweight” rating to a “neutral” rating and set a $115.00 price target for the company. in a research report on Thursday, November 10th. Finally, Jefferies Group upped their price target on WellCare Health Plans to $105.00 in a research report on Wednesday, August 3rd.

WellCare Health Plans (NYSE:WCG) opened at 137.49 on Friday. WellCare Health Plans has a one year low of $69.16 and a one year high of $138.20. The company’s 50 day moving average price is $121.82 and its 200-day moving average price is $112.20. The stock has a market capitalization of $6.09 billion, a PE ratio of 29.11 and a beta of 0.93.

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

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In related news, Director Paul E. Weaver sold 3,000 shares of the 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 sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.50% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the stock. Metropolitan Life Insurance Co. NY raised its position in shares of WellCare Health Plans by 2.4% in the first quarter. Metropolitan Life Insurance Co. NY now owns 70,467 shares of the company’s stock worth $6,536,000 after buying an additional 1,619 shares during the last quarter. Arizona State Retirement System raised its position in shares of WellCare Health Plans by 3.7% in the first quarter. Arizona State Retirement System now owns 22,473 shares of the company’s stock worth $2,084,000 after buying an additional 800 shares during the last quarter. Royal Bank of Canada raised its position in shares of WellCare Health Plans by 1,054.2% in the first quarter. Royal Bank of Canada now owns 199,050 shares of the company’s stock worth $18,462,000 after buying an additional 181,804 shares during the last quarter. Squarepoint Ops LLC purchased a new position in shares of WellCare Health Plans during the first quarter worth approximately $759,000. Finally, BlueMountain Capital Management LLC purchased a new position in shares of WellCare Health Plans during the first quarter worth approximately $765,000.

About WellCare Health Plans

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.

5 Day Chart for NYSE:WCG

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