Securian Asset Management Inc Lowers Holdings in WellCare Health Plans, Inc. (WCG)

Securian Asset Management Inc lessened its position in shares of WellCare Health Plans, Inc. (NYSE:WCG) by 6.7% in the third quarter, HoldingsChannel reports. The firm owned 5,210 shares of the company’s stock after selling 373 shares during the period. Securian Asset Management Inc’s holdings in WellCare Health Plans were worth $1,670,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Acadian Asset Management LLC increased its holdings in WellCare Health Plans by 3.6% during the 2nd quarter. Acadian Asset Management LLC now owns 1,652,077 shares of the company’s stock worth $406,808,000 after purchasing an additional 56,649 shares in the last quarter. American Century Companies Inc. increased its holdings in WellCare Health Plans by 28.8% during the 2nd quarter. American Century Companies Inc. now owns 1,337,459 shares of the company’s stock worth $329,336,000 after purchasing an additional 299,273 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in WellCare Health Plans by 2.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,077,020 shares of the company’s stock worth $265,204,000 after purchasing an additional 21,813 shares in the last quarter. OppenheimerFunds Inc. increased its holdings in WellCare Health Plans by 25.8% during the 2nd quarter. OppenheimerFunds Inc. now owns 450,474 shares of the company’s stock worth $110,923,000 after purchasing an additional 92,269 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in shares of WellCare Health Plans by 5.3% during the 2nd quarter. Northern Trust Corp now owns 361,397 shares of the company’s stock worth $88,990,000 after buying an additional 18,161 shares during the last quarter. Hedge funds and other institutional investors own 97.22% of the company’s stock.

WCG has been the subject of a number of recent research reports. Barclays restated a “buy” rating and set a $325.00 price objective on shares of WellCare Health Plans in a research note on Tuesday, September 18th. Zacks Investment Research downgraded shares of WellCare Health Plans from a “buy” rating to a “hold” rating in a research note on Tuesday, July 24th. Morgan Stanley increased their price objective on shares of WellCare Health Plans from $280.00 to $330.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 5th. BMO Capital Markets set a $345.00 price objective on shares of WellCare Health Plans and gave the stock a “buy” rating in a research note on Friday, September 14th. Finally, Argus increased their price objective on shares of WellCare Health Plans from $265.00 to $360.00 and gave the stock a “buy” rating in a research note on Friday, August 31st. Two investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. WellCare Health Plans currently has an average rating of “Buy” and a consensus target price of $296.00.



Shares of NYSE:WCG opened at $291.50 on Tuesday. WellCare Health Plans, Inc. has a 52-week low of $180.30 and a 52-week high of $324.99. The stock has a market capitalization of $13.24 billion, a P/E ratio of 34.21, a PEG ratio of 1.77 and a beta of 1.02. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.27 and a quick ratio of 1.27.

WellCare Health Plans (NYSE:WCG) last issued its earnings results on Tuesday, July 31st. The company reported $3.69 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.03 by $0.66. WellCare Health Plans had a net margin of 2.69% and a return on equity of 19.20%. The business had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $4.65 billion. During the same period last year, the business posted $2.52 EPS. WellCare Health Plans’s revenue was up 7.8% on a year-over-year basis. On average, sell-side analysts expect that WellCare Health Plans, Inc. will post 10.83 EPS for the current year.

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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