Janus Henderson Group PLC Raises Position in WellCare Health Plans, Inc. (WCG)

Janus Henderson Group PLC lifted its stake in WellCare Health Plans, Inc. (NYSE:WCG) by 4.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 175,410 shares of the company’s stock after purchasing an additional 7,900 shares during the period. Janus Henderson Group PLC owned 0.39% of WellCare Health Plans worth $30,125,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Fuller & Thaler Asset Management Inc. acquired a new stake in WellCare Health Plans during the 3rd quarter worth $103,000. Advisory Services Network LLC grew its holdings in WellCare Health Plans by 8.4% during the 2nd quarter. Advisory Services Network LLC now owns 866 shares of the company’s stock worth $155,000 after acquiring an additional 67 shares during the period. Harvest Fund Management Co. Ltd grew its holdings in WellCare Health Plans by 29.3% during the 2nd quarter. Harvest Fund Management Co. Ltd now owns 1,318 shares of the company’s stock worth $237,000 after acquiring an additional 299 shares during the period. Zweig DiMenna Associates LLC acquired a new stake in WellCare Health Plans during the 2nd quarter worth $287,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in WellCare Health Plans by 12.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,661 shares of the company’s stock worth $298,000 after acquiring an additional 184 shares during the period. 99.74% of the stock is owned by institutional investors and hedge funds.

Shares of WellCare Health Plans, Inc. (NYSE:WCG) opened at $200.71 on Thursday. The company has a market cap of $8,623.38, a price-to-earnings ratio of 20.96, a P/E/G ratio of 1.51 and a beta of 0.82. WellCare Health Plans, Inc. has a 52-week low of $133.21 and a 52-week high of $213.97. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.28 and a quick ratio of 1.28.

WellCare Health Plans (NYSE:WCG) last posted its quarterly earnings data on Tuesday, October 31st. The company reported $4.08 EPS for the quarter, beating the consensus estimate of $1.90 by $2.18. The business had revenue of $4.40 billion for the quarter, compared to analysts’ expectations of $4.37 billion. WellCare Health Plans had a net margin of 2.21% and a return on equity of 19.42%. The firm’s revenue was up 22.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.63 EPS. equities analysts predict that WellCare Health Plans, Inc. will post 8.38 earnings per share for the current fiscal year.

In related news, Director Carol Burt sold 997 shares of the business’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $202.20, for a total value of $201,593.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.47% of the company’s stock.

A number of research firms have commented on WCG. ValuEngine lowered shares of WellCare Health Plans from a “buy” rating to a “hold” rating in a report on Tuesday. Cantor Fitzgerald reaffirmed a “buy” rating and set a $235.00 target price on shares of WellCare Health Plans in a report on Monday. Deutsche Bank lifted their target price on shares of WellCare Health Plans to $240.00 and gave the stock a “buy” rating in a report on Monday, November 20th. Bank of America lifted their target price on shares of WellCare Health Plans from $210.00 to $215.00 and gave the stock a “neutral” rating in a report on Friday, November 17th. Finally, Morgan Stanley lifted their price target on shares of WellCare Health Plans from $184.00 to $212.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 2nd. Ten analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $202.87.

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WellCare Health Plans 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.

Institutional Ownership by Quarter for WellCare Health Plans (NYSE:WCG)

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