WellCare Health Plans, Inc. (NYSE:WCG) – Analysts at Leerink Swann boosted their FY2017 earnings per share estimates for shares of WellCare Health Plans in a research report issued to clients and investors on Friday. Leerink Swann analyst A. Gupte now forecasts that the company will post earnings per share of $8.45 for the year, up from their previous estimate of $8.40.

WCG has been the subject of several other research reports. Zacks Investment Research upgraded WellCare Health Plans from a “hold” rating to a “buy” rating and set a $221.00 price objective for the company in a research report on Thursday, November 2nd. Deutsche Bank increased their price objective on WellCare Health Plans to $240.00 and gave the stock a “buy” rating in a research report on Monday, November 20th. Piper Jaffray Companies reiterated a “buy” rating and issued a $214.00 price objective on shares of WellCare Health Plans in a research report on Wednesday, November 1st. Jefferies Group increased their price objective on WellCare Health Plans from $189.00 to $190.00 and gave the stock a “hold” rating in a research report on Friday, October 13th. Finally, Mitsubishi UFJ Financial Group began coverage on WellCare Health Plans in a research report on Thursday, September 21st. They issued an “overweight” rating and a $204.00 price objective for the company. Ten research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $210.07.

WellCare Health Plans (NYSE WCG) opened at $210.20 on Monday. The stock has a market capitalization of $9,414.97, a price-to-earnings ratio of 26.37, a price-to-earnings-growth ratio of 1.55 and a beta of 0.82. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.28 and a quick ratio of 1.28. WellCare Health Plans has a 52-week low of $136.23 and a 52-week high of $215.58.

WellCare Health Plans (NYSE:WCG) last released its quarterly earnings results on Tuesday, October 31st. The company reported $4.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.90 by $2.18. The business had revenue of $4.40 billion during the quarter, compared to analysts’ expectations of $4.37 billion. WellCare Health Plans had a return on equity of 19.42% and a net margin of 2.21%. The company’s quarterly revenue was up 22.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.63 earnings per share.

In other news, Director Carol Burt sold 997 shares of the firm’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $202.20, for a total value of $201,593.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.47% of the company’s stock.

Several hedge funds have recently made changes to their positions in WCG. Neuberger Berman Group LLC increased its position in shares of WellCare Health Plans by 234.4% in the second quarter. Neuberger Berman Group LLC now owns 5,147 shares of the company’s stock valued at $924,000 after buying an additional 3,608 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in shares of WellCare Health Plans by 21.6% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 1,884 shares of the company’s stock valued at $338,000 after acquiring an additional 335 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. boosted its stake in shares of WellCare Health Plans by 8.5% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 11,293 shares of the company’s stock valued at $2,028,000 after acquiring an additional 889 shares during the last quarter. BlackRock Inc. boosted its stake in shares of WellCare Health Plans by 1.6% during the second quarter. BlackRock Inc. now owns 4,260,559 shares of the company’s stock valued at $765,026,000 after acquiring an additional 65,439 shares during the last quarter. Finally, Amalgamated Bank boosted its stake in shares of WellCare Health Plans by 27.0% during the second quarter. Amalgamated Bank now owns 9,034 shares of the company’s stock valued at $1,622,000 after acquiring an additional 1,920 shares during the last quarter. Institutional investors and hedge funds own 99.88% of the company’s stock.

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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.

Earnings History and Estimates for WellCare Health Plans (NYSE:WCG)

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