The Northern Trust Corp Acquires 5,237 Shares of WellCare Health Plans Inc. (WCG)

The Northern Trust Corp Acquires 5,237 Shares of WellCare Health Plans Inc. (WCG)

Northern Trust Corp increased its position in WellCare Health Plans Inc. (NYSE:WCG) by 0.9% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 591,333 shares of the company’s stock after buying an additional 5,237 shares during the period. Northern Trust Corp’s holdings in WellCare Health Plans were worth $69,239,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the company. Advisory Services Network LLC bought a new position in WellCare Health Plans during the third quarter worth $104,000. MSI Financial Services Inc boosted its position 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 worth $134,000 after buying an additional 329 shares in the last quarter. Advisors Asset Management Inc. boosted its position in WellCare Health Plans by 27.4% in the second quarter. Advisors Asset Management Inc. now owns 1,529 shares of the company’s stock worth $164,000 after buying an additional 329 shares in the last quarter. BlackRock Japan Co. Ltd boosted its position 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 worth $164,000 after buying an additional 685 shares in the last quarter. Finally, Trexquant Investment LP bought a new position in WellCare Health Plans during the second quarter worth $219,000.

Shares of WellCare Health Plans Inc. (NYSE:WCG) opened at 145.19 on Thursday. The stock’s 50 day moving average is $139.22 and its 200 day moving average is $121.35. The firm has a market cap of $6.43 billion, a PE ratio of 30.74 and a beta of 1.05. WellCare Health Plans Inc. has a 12 month low of $69.16 and a 12 month high of $147.23.

WellCare Health Plans (NYSE:WCG) last released its quarterly earnings results on Tuesday, November 1st. The company reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.52. The business earned $3.58 billion during the quarter, compared to the consensus estimate of $3.51 billion. WellCare Health Plans had a return on equity of 13.48% and a net margin of 1.47%. The business’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.00 EPS. On average, analysts anticipate that WellCare Health Plans Inc. will post $5.44 earnings per share for the current fiscal year.

A number of equities research analysts have recently commented on the stock. Leerink Swann reiterated a “buy” rating on shares of WellCare Health Plans in a research report on Thursday, October 6th. Piper Jaffray Cos. assumed coverage on shares of WellCare Health Plans in a research report on Wednesday, January 4th. They issued an “overweight” rating and a $155.00 target price for the company. Goldman Sachs Group Inc. cut shares of WellCare Health Plans from a “buy” rating to a “neutral” rating in a research report on Tuesday, December 13th. Barclays PLC reiterated a “hold” rating and issued a $146.00 target price on shares of WellCare Health Plans in a research report on Monday, January 9th. Finally, Stifel Nicolaus cut shares of WellCare Health Plans from a “buy” rating to a “hold” rating and set a $147.00 target price for the company. in a research report on Wednesday, January 4th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $119.42.

In other news, Director Paul E. Weaver sold 3,000 shares of WellCare Health Plans stock in a transaction 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 owns 15,892 shares of the company’s stock, valued at approximately $2,047,366.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.50% of the company’s stock.

WellCare Health Plans Company Profile

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.

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