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

Other hedge funds have also made changes to their positions in the company. Burney Co. acquired a new position in WellCare Health Plans during the second quarter worth $431,000. MetLife Investment Advisors LLC grew its holdings in WellCare Health Plans by 1.2% in the second quarter. MetLife Investment Advisors LLC now owns 28,129 shares of the company’s stock valued at $6,926,000 after purchasing an additional 340 shares during the last quarter. Schwab Charles Investment Management Inc. grew its holdings in WellCare Health Plans by 8.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 183,158 shares of the company’s stock valued at $45,101,000 after purchasing an additional 14,715 shares during the last quarter. Meadow Creek Investment Management LLC grew its holdings in WellCare Health Plans by 1.7% in the second quarter. Meadow Creek Investment Management LLC now owns 46,992 shares of the company’s stock valued at $11,571,000 after purchasing an additional 792 shares during the last quarter. Finally, Itau Unibanco Holding S.A. grew its holdings in WellCare Health Plans by 46.6% in the second quarter. Itau Unibanco Holding S.A. now owns 1,575 shares of the company’s stock valued at $388,000 after purchasing an additional 501 shares during the last quarter. 97.21% of the stock is currently owned by hedge funds and other institutional investors.

WCG opened at $308.74 on Friday. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.44. The firm has a market cap of $14.16 billion, a P/E ratio of 37.22, a P/E/G ratio of 1.89 and a beta of 1.02. WellCare Health Plans, Inc. has a 52 week low of $176.32 and a 52 week high of $324.99.

WellCare Health Plans (NYSE:WCG) last posted its quarterly earnings data on Tuesday, July 31st. The company reported $3.69 EPS for the quarter, beating analysts’ consensus estimates of $3.03 by $0.66. The business had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.65 billion. WellCare Health Plans had a return on equity of 19.20% and a net margin of 2.69%. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter last year, the company earned $2.52 earnings per share. Equities analysts predict that WellCare Health Plans, Inc. will post 10.86 earnings per share for the current fiscal year.

Several analysts have weighed in on WCG shares. SunTrust Banks upped their target price on WellCare Health Plans to $315.00 and gave the company a “buy” rating in a report on Wednesday, August 1st. Wells Fargo & Co reissued a “buy” rating on shares of WellCare Health Plans in a report on Tuesday, July 31st. Bank of America upped their target price on WellCare Health Plans from $260.00 to $270.00 and gave the company a “buy” rating in a report on Tuesday, July 24th. Argus upped their target price on WellCare Health Plans from $265.00 to $360.00 and gave the company a “buy” rating in a report on Friday, August 31st. Finally, BMO Capital Markets set a $345.00 target price on WellCare Health Plans and gave the company a “buy” rating in a report on Friday, September 14th. Two investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus 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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