News stories about WellCare Health Plans (NYSE:WCG) have trended somewhat positive this week, according to Accern. Accern scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. WellCare Health Plans earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned media stories about the company an impact score of 46.984750833193 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

These are some of the news articles that may have effected Accern Sentiment Analysis’s scoring:

WCG has been the subject of a number of recent analyst reports. Jefferies Group LLC restated a “hold” rating and issued a $142.00 price objective on shares of WellCare Health Plans in a research report on Wednesday, April 19th. Zacks Investment Research upgraded WellCare Health Plans from a “hold” rating to a “buy” rating and set a $172.00 price objective for the company in a research report on Monday, May 1st. Wolfe Research restated a “market perform” rating on shares of WellCare Health Plans in a research report on Friday, May 5th. Morgan Stanley initiated coverage on WellCare Health Plans in a research report on Tuesday, June 6th. They issued an “equal weight” rating and a $183.00 price objective for the company. Finally, Leerink Swann restated an “outperform” rating and issued a $225.00 price objective (up from $185.00) on shares of WellCare Health Plans in a research report on Thursday, June 22nd. Ten analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $172.00.

Shares of WellCare Health Plans (WCG) traded up 0.21% during mid-day trading on Friday, hitting $172.39. The company had a trading volume of 319,511 shares. The firm has a 50-day moving average price of $179.68 and a 200 day moving average price of $160.58. WellCare Health Plans has a 12 month low of $109.74 and a 12 month high of $184.88. The firm has a market capitalization of $7.67 billion, a P/E ratio of 30.29 and a beta of 0.84.

WellCare Health Plans (NYSE:WCG) last announced its quarterly earnings data on Friday, August 4th. The company reported $2.52 EPS for the quarter, beating the Zacks’ consensus estimate of $2.23 by $0.29. The business had revenue of $4.31 billion during the quarter, compared to the consensus estimate of $4.23 billion. WellCare Health Plans had a return on equity of 14.91% and a net margin of 1.66%. The business’s revenue for the quarter was up 19.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.23 earnings per share. On average, equities research analysts forecast that WellCare Health Plans will post $6.99 earnings per share for the current fiscal year.

In other news, VP Michael Troy Meyer sold 600 shares of WellCare Health Plans stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $171.86, for a total value of $103,116.00. Following the completion of the sale, the vice president now owns 73 shares of the company’s stock, valued at $12,545.78. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Andrew Lynn Asher sold 7,314 shares of WellCare Health Plans stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $175.04, for a total value of $1,280,242.56. Following the completion of the sale, the chief financial officer now directly owns 13,244 shares of the company’s stock, valued at approximately $2,318,229.76. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,914 shares of company stock valued at $2,255,369. Company insiders own 0.50% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for WellCare Health Plans (NYSE:WCG)

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