WellCare Health Plans, Inc. (NYSE:WCG) Director Roel C. Campos sold 6,000 shares of WellCare Health Plans stock in a transaction that occurred on Thursday, March 16th. The stock was sold at an average price of $143.41, for a total value of $860,460.00. Following the sale, the director now owns 9,861 shares in the company, valued at $1,414,166.01. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Shares of WellCare Health Plans, Inc. (NYSE:WCG) traded down 2.54% during midday trading on Monday, hitting $141.05. The stock had a trading volume of 283,609 shares. The firm has a 50-day moving average of $143.18 and a 200 day moving average of $131.00. WellCare Health Plans, Inc. has a 12-month low of $86.75 and a 12-month high of $151.93. The firm has a market cap of $6.25 billion, a PE ratio of 25.98 and a beta of 1.00.

WellCare Health Plans (NYSE:WCG) last issued its earnings results on Tuesday, February 7th. The company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.51. WellCare Health Plans had a return on equity of 14.01% and a net margin of 1.70%. The company had revenue of $3.52 billion for the quarter, compared to analyst estimates of $3.56 billion. During the same period in the prior year, the firm posted $0.64 EPS. The business’s revenue was up .6% compared to the same quarter last year. On average, analysts expect that WellCare Health Plans, Inc. will post $6.31 earnings per share for the current year.

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Several equities research analysts have issued reports on the company. Piper Jaffray Companies assumed coverage on WellCare Health Plans in a report on Wednesday, January 4th. They set an “overweight” rating and a $155.00 price objective on the stock. Goldman Sachs Group Inc downgraded WellCare Health Plans from a “buy” rating to a “neutral” rating in a report on Tuesday, December 13th. JPMorgan Chase & Co. downgraded WellCare Health Plans from an “overweight” rating to a “neutral” rating in a report on Tuesday, January 31st. Barclays PLC restated a “hold” rating and set a $146.00 price objective on shares of WellCare Health Plans in a report on Monday, January 9th. Finally, Stifel Nicolaus downgraded WellCare Health Plans from a “buy” rating to a “hold” rating and set a $147.00 price objective on the stock. in a report on Wednesday, January 4th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. WellCare Health Plans presently has an average rating of “Hold” and an average target price of $132.18.

Several hedge funds have recently added to or reduced their stakes in the company. Advisory Services Network LLC bought a new stake in WellCare Health Plans during the third quarter valued at about $104,000. Focused Wealth Management Inc bought a new stake in WellCare Health Plans during the fourth quarter valued at about $123,000. Harvest Fund Management Co. Ltd bought a new stake in WellCare Health Plans during the fourth quarter valued at about $140,000. MSI Financial Services Inc increased its stake 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 valued at $134,000 after buying an additional 329 shares during the period. Finally, BlackRock Japan Co. Ltd increased its stake 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 valued at $164,000 after buying an additional 685 shares during the period.

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.

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