LS Investment Advisors LLC Has $558,000 Stake in WellCare Health Plans, Inc. (WCG)

LS Investment Advisors LLC increased its position in WellCare Health Plans, Inc. (NYSE:WCG) by 68.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,364 shares of the company’s stock after acquiring an additional 958 shares during the quarter. LS Investment Advisors LLC’s holdings in WellCare Health Plans were worth $558,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. IFP Advisors Inc raised its stake in WellCare Health Plans by 4.2% in the fourth quarter. IFP Advisors Inc now owns 949 shares of the company’s stock valued at $220,000 after purchasing an additional 38 shares in the last quarter. Legacy Financial Advisors Inc. raised its stake in WellCare Health Plans by 90.1% in the fourth quarter. Legacy Financial Advisors Inc. now owns 135 shares of the company’s stock valued at $32,000 after purchasing an additional 64 shares in the last quarter. Cornerstone Advisors Inc. raised its stake in WellCare Health Plans by 1,425.0% in the fourth quarter. Cornerstone Advisors Inc. now owns 122 shares of the company’s stock valued at $29,000 after purchasing an additional 114 shares in the last quarter. BKD Wealth Advisors LLC raised its stake in WellCare Health Plans by 7.4% in the fourth quarter. BKD Wealth Advisors LLC now owns 1,677 shares of the company’s stock valued at $396,000 after purchasing an additional 115 shares in the last quarter. Finally, We Are One Seven LLC purchased a new stake in WellCare Health Plans in the fourth quarter valued at approximately $27,000. Institutional investors own 98.49% of the company’s stock.

A number of equities research analysts recently weighed in on WCG shares. Stephens started coverage on shares of WellCare Health Plans in a research note on Monday, January 14th. They issued an “overweight” rating and a $276.00 target price on the stock. Zacks Investment Research reaffirmed a “buy” rating and issued a $251.00 target price on shares of WellCare Health Plans in a research note on Monday, December 31st. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $330.00 target price on shares of WellCare Health Plans in a research note on Tuesday, October 30th. ValuEngine raised shares of WellCare Health Plans from a “hold” rating to a “buy” rating in a research note on Thursday, January 24th. Finally, Wolfe Research raised shares of WellCare Health Plans from a “market perform” rating to an “outperform” rating in a research note on Thursday, January 3rd. Two analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $306.43.

In related news, Director Richard C. Breon sold 2,500 shares of WellCare Health Plans stock in a transaction on Tuesday, November 27th. The shares were sold at an average price of $239.96, for a total value of $599,900.00. Following the sale, the director now owns 6,406 shares in the company, valued at $1,537,183.76. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Michael Robert Polen sold 3,000 shares of WellCare Health Plans stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $256.85, for a total transaction of $770,550.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,147 shares of company stock worth $1,792,477. 0.59% of the stock is owned by insiders.

WCG stock opened at $277.39 on Monday. The company has a market cap of $13.87 billion, a price-to-earnings ratio of 25.15, a price-to-earnings-growth ratio of 1.21 and a beta of 1.21. WellCare Health Plans, Inc. has a one year low of $187.06 and a one year high of $324.99. The company has a current ratio of 1.36, a quick ratio of 1.32 and a debt-to-equity ratio of 0.50.

WellCare Health Plans (NYSE:WCG) last issued its earnings results on Tuesday, February 5th. The company reported $1.63 EPS for the quarter, topping the consensus estimate of $1.55 by $0.08. WellCare Health Plans had a net margin of 2.15% and a return on equity of 15.39%. The company had revenue of $5.94 billion for the quarter, compared to the consensus estimate of $5.85 billion. During the same period in the previous year, the firm earned $0.32 earnings per share. The firm’s revenue for the quarter was up 37.5% on a year-over-year basis. On average, analysts anticipate that WellCare Health Plans, Inc. will post 13.62 EPS for the current year.

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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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