WellCare Health Plans, Inc. (NYSE:WCG) hit a new 52-week high on Monday . The company traded as high as $325.00 and last traded at $321.72, with a volume of 313321 shares. The stock had previously closed at $322.07.
Several equities analysts have recently issued reports on WCG shares. ValuEngine lowered WellCare Health Plans from a “hold” rating to a “sell” rating in a report on Friday, November 1st. Stephens lowered WellCare Health Plans from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $330.00 to $317.00 in a research report on Monday, September 9th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $304.83.
The stock has a market capitalization of $16.21 billion, a PE ratio of 29.18, a price-to-earnings-growth ratio of 1.43 and a beta of 0.91. The business’s 50-day moving average price is $298.90 and its 200 day moving average price is $282.80. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.16 and a current ratio of 1.16.
WellCare Health Plans (NYSE:WCG) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $5.50 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.93 by $1.57. The company had revenue of $7.14 billion for the quarter, compared to the consensus estimate of $6.79 billion. WellCare Health Plans had a return on equity of 17.00% and a net margin of 2.34%. The firm’s revenue was up 41.2% compared to the same quarter last year. During the same quarter last year, the business posted $3.33 earnings per share. As a group, equities research analysts predict that WellCare Health Plans, Inc. will post 15.42 earnings per share for the current year.
Institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its position in WellCare Health Plans by 1.8% during the second quarter. Vanguard Group Inc. now owns 5,381,421 shares of the company’s stock worth $1,534,082,000 after buying an additional 94,109 shares during the period. Magnetar Financial LLC raised its position in shares of WellCare Health Plans by 53.6% in the 2nd quarter. Magnetar Financial LLC now owns 912,876 shares of the company’s stock valued at $260,234,000 after buying an additional 318,581 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of WellCare Health Plans by 8.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 743,510 shares of the company’s stock valued at $212,696,000 after buying an additional 58,374 shares in the last quarter. Paulson & CO. Inc. lifted its holdings in shares of WellCare Health Plans by 86.6% during the 2nd quarter. Paulson & CO. Inc. now owns 587,700 shares of the company’s stock worth $167,536,000 after acquiring an additional 272,800 shares during the period. Finally, Northern Trust Corp lifted its holdings in shares of WellCare Health Plans by 3.6% during the 2nd quarter. Northern Trust Corp now owns 553,527 shares of the company’s stock worth $157,794,000 after acquiring an additional 19,411 shares during the period. 88.60% of the stock is currently owned by institutional investors.
About WellCare Health Plans (NYSE:WCG)
WellCare Health Plans, Inc provides government-sponsored managed care services. The company operates in three segments: Medicaid Health Plans, Medicare Health Plans, and Medicare Prescription Drug Plans (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 programs for qualifying families who are not eligible for Medicaid.
Further Reading: Ex-Dividend
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