WellCare Health Plans, Inc. (WCG) Shares Bought by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC boosted its holdings in WellCare Health Plans, Inc. (NYSE:WCG) by 37.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,671 shares of the company’s stock after purchasing an additional 8,871 shares during the quarter. Nisa Investment Advisors LLC owned about 0.07% of WellCare Health Plans worth $10,471,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in WCG. American Century Companies Inc. boosted its holdings in 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 purchasing an additional 299,273 shares in the last quarter. Smith Asset Management Group LP acquired a new position in WellCare Health Plans in the second quarter valued at approximately $45,200,000. Boston Advisors LLC boosted its holdings in WellCare Health Plans by 2,451.7% in the second quarter. Boston Advisors LLC now owns 144,224 shares of the company’s stock valued at $35,514,000 after purchasing an additional 138,572 shares in the last quarter. First Trust Advisors LP lifted its stake in WellCare Health Plans by 77.2% in the second quarter. First Trust Advisors LP now owns 234,329 shares of the company’s stock valued at $57,701,000 after buying an additional 102,062 shares during the last quarter. Finally, Marshall Wace LLP purchased a new stake in WellCare Health Plans in the second quarter valued at approximately $23,998,000. 97.21% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE WCG opened at $308.74 on Friday. WellCare Health Plans, Inc. has a twelve month low of $176.32 and a twelve month high of $324.99. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.27 and a quick ratio of 1.27. The company has a market capitalization of $14.16 billion, a price-to-earnings ratio of 37.22, a PEG ratio of 1.89 and a beta of 1.02.

WellCare Health Plans (NYSE:WCG) last released its quarterly earnings results on Tuesday, July 31st. The company reported $3.69 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.03 by $0.66. WellCare Health Plans had a return on equity of 19.20% and a net margin of 2.69%. The business had revenue of $4.64 billion during the quarter, compared to analysts’ expectations of $4.65 billion. During the same quarter in the prior year, the business earned $2.52 earnings per share. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that WellCare Health Plans, Inc. will post 10.86 earnings per share for the current year.

A number of brokerages have weighed in on WCG. Evercore ISI began coverage on WellCare Health Plans in a research note on Tuesday, October 9th. They issued an “outperform” rating and a $365.00 price objective for the company. Barclays reiterated a “buy” rating and issued a $338.00 price objective on shares of WellCare Health Plans in a research note on Friday, September 28th. Wells Fargo & Co reiterated a “buy” rating on shares of WellCare Health Plans in a research note on Wednesday, September 26th. Cantor Fitzgerald boosted their price objective on WellCare Health Plans from $292.00 to $330.00 and gave the company an “overweight” rating in a research note on Monday, September 17th. Finally, BMO Capital Markets set a $345.00 price objective on WellCare Health Plans and gave the company a “buy” rating in a research note on Friday, September 14th. Two equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $296.00.

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

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