Schroder Investment Management Group Grows Holdings in WellCare Health Plans, Inc. (WCG)

Schroder Investment Management Group grew its position in WellCare Health Plans, Inc. (NYSE:WCG) by 496.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 59,753 shares of the company’s stock after purchasing an additional 49,743 shares during the quarter. Schroder Investment Management Group owned approximately 0.13% of WellCare Health Plans worth $10,213,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in WCG. State of Alaska Department of Revenue acquired a new stake in shares of WellCare Health Plans in the 2nd quarter valued at $121,000. Great West Life Assurance Co. Can raised its holdings in shares of WellCare Health Plans by 0.7% in the 2nd quarter. Great West Life Assurance Co. Can now owns 32,236 shares of the company’s stock valued at $5,783,000 after purchasing an additional 219 shares in the last quarter. CIBC Asset Management Inc acquired a new stake in shares of WellCare Health Plans in the 2nd quarter valued at $251,000. Sei Investments Co. raised its holdings in shares of WellCare Health Plans by 45.7% in the 2nd quarter. Sei Investments Co. now owns 14,599 shares of the company’s stock valued at $2,621,000 after purchasing an additional 4,582 shares in the last quarter. Finally, Canada Pension Plan Investment Board raised its holdings in shares of WellCare Health Plans by 45.2% in the 2nd quarter. Canada Pension Plan Investment Board now owns 154,200 shares of the company’s stock valued at $27,688,000 after purchasing an additional 48,000 shares in the last quarter. Institutional investors and hedge funds own 99.91% of the company’s stock.

In other WellCare Health Plans news, Director Carol Burt sold 997 shares of the firm’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $202.20, for a total transaction of $201,593.40. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Kenneth A. Burdick sold 8,500 shares of the firm’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $174.24, for a total transaction of $1,481,040.00. Following the transaction, the chief executive officer now directly owns 23,627 shares in the company, valued at $4,116,768.48. The disclosure for this sale can be found here. Company insiders own 0.47% of the company’s stock.

WellCare Health Plans, Inc. (WCG) traded down $1.05 during midday trading on Friday, hitting $207.95. 187,650 shares of the company were exchanged, compared to its average volume of 386,099. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.28 and a quick ratio of 1.28. The stock has a market cap of $9,260.00, a P/E ratio of 22.63, a price-to-earnings-growth ratio of 1.61 and a beta of 0.82. WellCare Health Plans, Inc. has a 1 year low of $133.21 and a 1 year high of $213.97.

WellCare Health Plans (NYSE:WCG) last posted its earnings results on Tuesday, October 31st. The company reported $4.08 EPS for the quarter, beating the Zacks’ consensus estimate of $1.90 by $2.18. The firm had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $4.37 billion. WellCare Health Plans had a net margin of 2.21% and a return on equity of 19.42%. The company’s revenue was up 22.8% on a year-over-year basis. During the same period last year, the firm posted $1.63 EPS. equities analysts expect that WellCare Health Plans, Inc. will post 8.44 earnings per share for the current year.

A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of WellCare Health Plans from a “hold” rating to a “buy” rating and set a $221.00 price objective on the stock in a report on Thursday, November 2nd. Deutsche Bank raised their price objective on shares of WellCare Health Plans to $240.00 and gave the company a “buy” rating in a report on Monday, November 20th. Piper Jaffray Companies restated a “buy” rating and issued a $214.00 price objective on shares of WellCare Health Plans in a report on Wednesday, November 1st. Jefferies Group raised their price objective on shares of WellCare Health Plans from $189.00 to $190.00 and gave the company a “hold” rating in a report on Friday, October 13th. Finally, Mitsubishi UFJ Financial Group assumed coverage on shares of WellCare Health Plans in a report on Thursday, September 21st. They issued an “overweight” rating and a $204.00 price objective on the stock. Eleven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $200.20.

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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.

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

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