WellCare Health Plans, Inc. (WCG) Shares Sold by Metropolitan Life Insurance Co. NY

Metropolitan Life Insurance Co. NY lowered its holdings in WellCare Health Plans, Inc. (NYSE:WCG) by 66.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,632 shares of the company’s stock after selling 29,104 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in WellCare Health Plans were worth $2,943,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Macquarie Group Ltd. boosted its position in WellCare Health Plans by 5.3% in the fourth quarter. Macquarie Group Ltd. now owns 65,387 shares of the company’s stock worth $13,150,000 after purchasing an additional 3,313 shares during the last quarter. Jane Street Group LLC raised its stake in shares of WellCare Health Plans by 51.8% in the fourth quarter. Jane Street Group LLC now owns 2,769 shares of the company’s stock valued at $557,000 after buying an additional 945 shares during the period. Millennium Management LLC raised its stake in shares of WellCare Health Plans by 44.2% in the fourth quarter. Millennium Management LLC now owns 396,329 shares of the company’s stock valued at $79,706,000 after buying an additional 121,416 shares during the period. Flinton Capital Management LLC raised its stake in shares of WellCare Health Plans by 16.2% in the fourth quarter. Flinton Capital Management LLC now owns 33,600 shares of the company’s stock valued at $6,757,000 after buying an additional 4,672 shares during the period. Finally, Meadow Creek Investment Management LLC raised its stake in shares of WellCare Health Plans by 16.2% in the fourth quarter. Meadow Creek Investment Management LLC now owns 46,200 shares of the company’s stock valued at $9,291,000 after buying an additional 6,424 shares during the period. 98.23% of the stock is currently owned by institutional investors and hedge funds.

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Shares of WellCare Health Plans stock opened at $197.94 on Thursday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.31 and a current ratio of 1.31. WellCare Health Plans, Inc. has a one year low of $136.23 and a one year high of $221.75. The stock has a market capitalization of $8,574.09, a price-to-earnings ratio of 22.57, a P/E/G ratio of 1.37 and a beta of 0.88.

WellCare Health Plans (NYSE:WCG) last released its quarterly earnings data on Tuesday, February 6th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.11. WellCare Health Plans had a return on equity of 17.10% and a net margin of 2.20%. The company had revenue of $4.35 billion for the quarter, compared to analyst estimates of $4.32 billion. During the same period in the previous year, the company posted $1.03 EPS. The firm’s revenue for the quarter was up 23.5% compared to the same quarter last year. research analysts anticipate that WellCare Health Plans, Inc. will post 9.8 earnings per share for the current year.

WCG has been the topic of several research reports. Goldman Sachs initiated coverage on WellCare Health Plans in a research note on Wednesday, January 3rd. They issued a “buy” rating and a $255.00 target price on the stock. ValuEngine lowered WellCare Health Plans from a “buy” rating to a “hold” rating in a research note on Tuesday, December 19th. Cowen restated an “outperform” rating and issued a $250.00 target price on shares of WellCare Health Plans in a research note on Tuesday, January 23rd. Cantor Fitzgerald restated a “buy” rating and issued a $235.00 target price on shares of WellCare Health Plans in a research note on Monday, December 18th. Finally, Bank of America upgraded WellCare Health Plans from a “neutral” rating to a “buy” rating and set a $215.00 target price on the stock in a research note on Friday, March 16th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $217.86.

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WellCare Health Plans 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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Institutional Ownership by Quarter for WellCare Health Plans (NYSE:WCG)

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