APG Asset Management N.V. purchased a new stake in shares of WellCare Health Plans, Inc. (NYSE:WCG) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,800 shares of the company’s stock, valued at approximately $372,000.

A number of other institutional investors have also recently added to or reduced their stakes in WCG. Trust Co. of Vermont purchased a new position in shares of WellCare Health Plans in the 4th quarter worth approximately $27,000. We Are One Seven LLC purchased a new stake in shares of WellCare Health Plans during the fourth quarter valued at approximately $27,000. Cornerstone Advisors Inc. lifted its holdings in WellCare Health Plans by 1,425.0% during the fourth quarter. Cornerstone Advisors Inc. now owns 122 shares of the company’s stock worth $29,000 after acquiring an additional 114 shares during the period. Kaizen Advisory LLC bought a new stake in WellCare Health Plans during the fourth quarter worth $29,000. Finally, Legacy Financial Advisors Inc. boosted its position in WellCare Health Plans by 90.1% in the fourth quarter. Legacy Financial Advisors Inc. now owns 135 shares of the company’s stock worth $32,000 after purchasing an additional 64 shares during the last quarter. Institutional investors and hedge funds own 98.49% of the company’s stock.

A number of research analysts have issued reports on the company. Stephens began coverage on WellCare Health Plans in a research note on Monday, January 14th. They issued an “overweight” rating and a $276.00 price objective for the company. Zacks Investment Research reiterated a “buy” rating and set a $251.00 target price on shares of WellCare Health Plans in a research note on Monday, December 31st. ValuEngine raised shares of WellCare Health Plans from a “hold” rating to a “buy” rating in a report on Thursday, January 24th. Cowen began coverage on shares of WellCare Health Plans in a research report on Thursday, February 28th. They set an “outperform” rating for the company. Finally, Wolfe Research upgraded shares of WellCare Health Plans from a “market perform” rating to an “outperform” rating in a research report on Thursday, January 3rd. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $306.43.

NYSE:WCG opened at $286.57 on Wednesday. The firm has a market capitalization of $14.29 billion, a price-to-earnings ratio of 25.98, a PEG ratio of 1.32 and a beta of 1.24. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.36 and a quick ratio of 1.36. WellCare Health Plans, Inc. has a 1 year low of $190.92 and a 1 year high of $324.99.

WellCare Health Plans (NYSE:WCG) last issued its quarterly earnings results on Tuesday, February 5th. The company reported $1.63 EPS for the quarter, beating analysts’ consensus estimates of $1.55 by $0.08. The firm had revenue of $5.94 billion for the quarter, compared to analysts’ expectations of $5.85 billion. WellCare Health Plans had a return on equity of 15.39% and a net margin of 2.15%. The business’s revenue for the quarter was up 37.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.32 EPS. On average, equities research analysts predict that WellCare Health Plans, Inc. will post 13.59 EPS for the current fiscal year.

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WellCare Health Plans Company Profile

WellCare Health Plans, Inc provides government-sponsored managed care services. The company operates in three segments: Medicaid Health Plans, Medicare Health Plans, and Medicare Prescription Drug Plans (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 programs 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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