Boston Advisors LLC Sells 5,424 Shares of WellCare Health Plans, Inc. (WCG)

Boston Advisors LLC cut its stake in shares of WellCare Health Plans, Inc. (NYSE:WCG) by 22.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,411 shares of the company’s stock after selling 5,424 shares during the quarter. Boston Advisors LLC’s holdings in WellCare Health Plans were worth $4,347,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in WellCare Health Plans by 26.1% during the 3rd quarter. Vanguard Group Inc. now owns 5,602,927 shares of the company’s stock worth $1,795,681,000 after buying an additional 1,159,497 shares during the period. Vanguard Group Inc lifted its stake in shares of WellCare Health Plans by 26.1% in the 3rd quarter. Vanguard Group Inc now owns 5,602,927 shares of the company’s stock valued at $1,795,681,000 after purchasing an additional 1,159,497 shares during the period. FMR LLC lifted its stake in shares of WellCare Health Plans by 267.8% in the 3rd quarter. FMR LLC now owns 1,318,399 shares of the company’s stock valued at $422,534,000 after purchasing an additional 959,928 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of WellCare Health Plans by 2.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,077,020 shares of the company’s stock valued at $265,204,000 after purchasing an additional 21,813 shares during the period. Finally, Man Group plc lifted its stake in shares of WellCare Health Plans by 35.0% in the 3rd quarter. Man Group plc now owns 423,937 shares of the company’s stock valued at $135,867,000 after purchasing an additional 109,804 shares during the period. 98.33% of the stock is currently owned by hedge funds and other institutional investors.

In related news, EVP Michael Robert Polen sold 3,000 shares of the business’s stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $256.85, for a total value of $770,550.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Yount Michael sold 500 shares of the business’s stock in a transaction dated Wednesday, November 7th. The shares were sold at an average price of $263.38, for a total value of $131,690.00. Following the completion of the sale, the executive vice president now directly owns 7,044 shares of the company’s stock, valued at $1,855,248.72. The disclosure for this sale can be found here. Insiders sold a total of 7,647 shares of company stock valued at $1,924,167 over the last ninety days. 0.59% of the stock is currently owned by corporate insiders.

A number of research analysts have recently issued reports on the company. Zacks Investment Research downgraded WellCare Health Plans from a “buy” rating to a “hold” rating in a research note on Thursday, December 13th. Barclays reissued a “buy” rating and issued a $338.00 price objective on shares of WellCare Health Plans in a research note on Friday, September 28th. Cantor Fitzgerald reissued a “buy” rating and issued a $330.00 price objective on shares of WellCare Health Plans in a research note on Monday, December 17th. Wolfe Research raised WellCare Health Plans from a “market perform” rating to an “outperform” rating in a research note on Thursday, January 3rd. Finally, ValuEngine downgraded WellCare Health Plans from a “buy” rating to a “hold” rating in a research note on Tuesday, November 20th. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $303.67.

Shares of WellCare Health Plans stock opened at $261.57 on Thursday. WellCare Health Plans, Inc. has a one year low of $187.06 and a one year high of $324.99. The stock has a market capitalization of $12.53 billion, a P/E ratio of 30.70, a PEG ratio of 1.10 and a beta of 1.18. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.32 and a quick ratio of 1.32.

WellCare Health Plans (NYSE:WCG) last issued its earnings results on Tuesday, October 30th. The company reported $3.33 EPS for the quarter, beating analysts’ consensus estimates of $3.09 by $0.24. WellCare Health Plans had a return on equity of 15.45% and a net margin of 2.38%. The business had revenue of $5.06 billion during the quarter, compared to analyst estimates of $5.06 billion. During the same period in the previous year, the company posted $4.08 EPS. The firm’s revenue was up 14.9% compared to the same quarter last year. Analysts expect that WellCare Health Plans, Inc. will post 11.02 EPS for the current fiscal year.

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About WellCare Health Plans

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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