WellCare Health Plan, Inc. (WCG) Director H James Dallas Purchase 1,171 Shares

WellCare Health Plan, Inc. (WCG) Director H James Dallas Purchase 1,171 Shares

WellCare Health Plans, Inc. (NYSE:WCG) Director H James Dallas purchased 1,171 shares of the stock in a transaction that occurred on Tuesday, December 4th. The stock was acquired at an average cost of $256.35 per share, with a total value of $300,185.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Shares of WCG stock traded down $8.11 during trading hours on Thursday, hitting $244.15. The stock had a trading volume of 1,526,900 shares, compared to its average volume of 570,518. The company has a market capitalization of $12.61 billion, a P/E ratio of 28.66, a PEG ratio of 1.40 and a beta of 1.18. WellCare Health Plans, Inc. has a twelve month low of $187.06 and a twelve month high of $324.99. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.51.

WellCare Health Plans (NYSE:WCG) last posted its quarterly earnings data on Tuesday, October 30th. The company reported $3.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.09 by $0.24. The business had revenue of $5.06 billion during the quarter, compared to the consensus estimate of $5.06 billion. WellCare Health Plans had a return on equity of 15.45% and a net margin of 2.38%. The company’s revenue was up 14.9% compared to the same quarter last year. During the same period in the prior year, the company earned $4.08 earnings per share. Research analysts predict that WellCare Health Plans, Inc. will post 11.01 EPS for the current fiscal year.

WCG has been the subject of a number of research analyst reports. Barclays reaffirmed a “buy” rating and issued a $325.00 price target on shares of WellCare Health Plans in a report on Tuesday, September 18th. BMO Capital Markets set a $345.00 price target on WellCare Health Plans and gave the company a “buy” rating in a report on Friday, September 14th. Morgan Stanley upped their price target on WellCare Health Plans from $280.00 to $330.00 and gave the company an “equal weight” rating in a report on Wednesday, September 5th. Argus upped their price target on WellCare Health Plans from $265.00 to $360.00 and gave the company a “buy” rating in a report on Friday, August 31st. Finally, Wells Fargo & Co reaffirmed a “buy” rating on shares of WellCare Health Plans in a report on Wednesday, September 26th. Three research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $305.20.

Several hedge funds have recently bought and sold shares of WCG. Vanguard Group Inc. boosted its holdings in shares of WellCare Health Plans by 26.1% in the third quarter. Vanguard Group Inc. now owns 5,602,927 shares of the company’s stock valued at $1,795,681,000 after acquiring an additional 1,159,497 shares during the period. FMR LLC boosted its holdings in shares of WellCare Health Plans by 267.8% in the third quarter. FMR LLC now owns 1,318,399 shares of the company’s stock valued at $422,534,000 after acquiring an additional 959,928 shares during the period. American Century Companies Inc. boosted its holdings in shares of WellCare Health Plans by 28.8% in the second quarter. American Century Companies Inc. now owns 1,337,459 shares of the company’s stock valued at $329,336,000 after acquiring an additional 299,273 shares during the period. Marshall Wace LLP boosted its holdings in shares of WellCare Health Plans by 287.7% in the third quarter. Marshall Wace LLP now owns 377,862 shares of the company’s stock valued at $121,101,000 after acquiring an additional 280,406 shares during the period. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of WellCare Health Plans by 530.3% in the third quarter. PNC Financial Services Group Inc. now owns 233,780 shares of the company’s stock valued at $74,923,000 after acquiring an additional 196,687 shares during the period. 98.53% of the stock is owned by institutional investors and hedge funds.

WellCare Health Plans Company Profile

WellCare Health Plans, Inc provides managed care services for government-sponsored health care programs. It operates through three segments: Medicaid Health Plans, Medicare Health Plans, and Medicare PDPs. The Medicaid Health Plans segment offers plans for beneficiaries of temporary assistance for needy families, supplemental security income, and aged blind and disabled residents; and other state-based programs, such as children's health insurance programs and long-term services and supports for qualifying families who are not eligible for Medicaid.

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