About WellCare (NYSE:WCG)
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. The Medicare Health Plans segment provides Medicare, a federal program that provides eligible persons aged 65 and over, as well as some disabled persons with a range of hospital, medical, and prescription drug benefits; Medicare Advantage, a Medicare's managed care alternative to the original Medicare program, which offers individuals standard Medicare benefits directly through Centers for Medicare & Medicaid Services; and coordinated care plans that are administered through health maintenance organizations and require members to seek health care services and select a primary care physician from a network of health care providers. The Medicare PDPs segment provides Medicare part D PDP plans to Medicare-eligible beneficiaries. Its PDP plans offer national in-network prescription drug coverage, including a preferred pharmacy network. As of December 31, 2017, the company served approximately 4.4 million members in 50 states and the District of Columbia. WellCare Health Plans, Inc. was founded in 1985 and is headquartered in Tampa, Florida.
Industry, Sector and Symbol
Industry Hospital & medical service plans
Sub-IndustryManaged Health Care
SectorMedical
SymbolNYSE:WCG
CUSIP94946T10
Phone813-290-6200
Debt
Debt-to-Equity Ratio0.49%
Current Ratio1.31%
Quick Ratio1.31%
Price-To-Earnings
Trailing P/E Ratio24.40
Forward P/E Ratio21.17
P/E Growth1.42
Sales & Book Value
Annual Sales$17.01 billion
Price / Sales0.54
Cash Flow$11.7342 per share
Price / Cash17.72
Book Value$54.28 per share
Price / Book3.83
Profitability
EPS (Most Recent Fiscal Year)$8.52
Net Income$373.70 million
Net Margins2.20%
Return on Equity17.10%
Return on Assets4.46%
Miscellaneous
Employees8,900
Outstanding Shares44,530,000
WellCare (NYSE:WCG) Frequently Asked Questions
What is WellCare's stock symbol?
WellCare trades on the New York Stock Exchange (NYSE) under the ticker symbol "WCG."
How were WellCare's earnings last quarter?
WellCare (NYSE:WCG) posted its earnings results on Tuesday, February, 6th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.21 by $0.11. The business had revenue of $4.35 billion for the quarter, compared to analysts' expectations of $4.32 billion. WellCare had a net margin of 2.20% and a return on equity of 17.10%. The business's revenue for the quarter was up 23.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.03 EPS. View WellCare's Earnings History.
When is WellCare's next earnings date?
What guidance has WellCare issued on next quarter's earnings?
WellCare issued an update on its FY18 earnings guidance on Tuesday, February, 6th. The company provided earnings per share guidance of $9.55-9.85 for the period, compared to the Thomson Reuters consensus estimate of $9.34.
What price target have analysts set for WCG?
14 equities research analysts have issued 12 month price objectives for WellCare's shares. Their forecasts range from $163.00 to $255.00. On average, they expect WellCare's share price to reach $218.00 in the next twelve months. View Analyst Ratings for WellCare.
What are Wall Street analysts saying about WellCare stock?
Here are some recent quotes from research analysts about WellCare stock:
- 1. According to Zacks Investment Research, "WellCare Health’s healthy balance sheet continues to support its operational excellence. The company has also been witnessing revenue growth over the last six years. Following the strong 2017 results, the company raised its guidance for 2018. The company has seen the Zacks Consensus Estimate for 2018 earnings being revised upward in the past 60 days. Although its shares have slightly underperformed the industry in a year’s time, the company’s solid fundamentals are likely to provide further support. However, its rising level of debt hurts the bottom line. Continuous increase in the total expenses also weighs on the margins. The company will release first quarter 2018 results on May 1, 2018." (4/13/2018)
- 2. Cantor Fitzgerald analysts commented, "4Q17 results were solid. Revenue of $4.3 billion was in line with FactSet consensus and our estimate. Favorable prior-year development was $19.6 million. The results included $45.6 million, or $0.64 per share, premium deficiency reserve associated with the company’s new Illinois Medicaid contract. The Illinois PDR was partially offset by continued organic growth and the company’s acquisitions of Universal American, Care 1st Arizona and assets of Phoenix Health Plan. MLR of 88.5% increased 100bps y/y, reflecting the HIF suspension, the effect of Illinois PDR and the acquisition of Universal American. Adjusted EPS of $0.32 were well above consensus of $0.19 and our $0.14 estimate. Due to its focus on profitability, WCG’s net margin improved to 2.25% from 1.9% in 2016. Total membership stood at approximately 4.37 million members. Medicaid membership increased to over 2.7 million people, representing growth of 7% y/y. Medicare organic membership growth was 9% y/y. Management expects mid-single-digit growth in Medicare in 2018." (2/6/2018)
Who are some of WellCare's key competitors?
Who are WellCare's key executives?
WellCare's management team includes the folowing people:
- Mr. Kenneth Alan Burdick, CEO & Director (Age 59)
- Mr. Andrew Lynn Asher, Exec. VP & CFO (Age 49)
- Mr. Michael Robert Polen, Exec. VP of Medicare & Operations (Age 38)
- Ms. Kelly Ann Munson, Exec. VP of Medicaid (Age 46)
- Mr. Michael Paul Radu, Exec. VP of Clinical Operations & Bus. Devel. (Age 50)
Has WellCare been receiving favorable news coverage?
Press coverage about WCG stock has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. WellCare earned a news sentiment score of 0.12 on Accern's scale. They also assigned media headlines about the company an impact score of 45.29 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the next several days.
Who are WellCare's major shareholders?
WellCare's stock is owned by many different of institutional and retail investors. Top institutional investors include BLACKROCK INC. (10.20%). Company insiders that own WellCare stock include Andrew Lynn Asher, Carol Burt, Daniel Robert Graham, Darren Ghanayem, Glenn Md Phd Steele Jr, Kelly A Munson, Kenneth A Burdick, Kevin F Hickey, Michael Robert Polen, Michael Troy Meyer, Paul E Weaver, Roel C Campos and Yount Michael. View Institutional Ownership Trends for WellCare.
How do I buy shares of WellCare?
Shares of WCG can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is WellCare's stock price today?
One share of WCG stock can currently be purchased for approximately $207.93.
How big of a company is WellCare?
WellCare has a market capitalization of $8.93 billion and generates $17.01 billion in revenue each year. The company earns $373.70 million in net income (profit) each year or $8.52 on an earnings per share basis. WellCare employs 8,900 workers across the globe.
How can I contact WellCare?
WellCare's mailing address is 8735 HENDERSON ROAD RENAISSANCE ONE, TAMPA FL, 33634. The company can be reached via phone at 813-290-6200 or via email at [email protected]
MarketBeat Community Rating for WellCare (WCG)
MarketBeat's community ratings are surveys of what our community members think about WellCare and other stocks. Vote "Outperform" if you believe WCG will outperform the S&P 500 over the long term. Vote "Underperform" if you believe WCG will underperform the S&P 500 over the long term. You may vote once every thirty days.
WellCare (NYSE:WCG) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
14 Wall Street analysts have issued ratings and price targets for WellCare in the last 12 months. Their average twelve-month price target is $218.00, suggesting that the stock has a possible upside of 4.84%. The high price target for WCG is $255.00 and the low price target for WCG is $163.00. There are currently 4 hold ratings and 10 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Hold |
| Consensus Rating Score: | 2.71 | 2.71 | 2.50 | 2.44 |
| Ratings Breakdown: | 0 Sell Rating(s)
4 Hold Rating(s)
10 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
4 Hold Rating(s)
10 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
8 Hold Rating(s)
8 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
9 Hold Rating(s)
7 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $218.00 | $218.00 | $212.8571 | $180.9286 |
| Price Target Upside: | 4.84% upside | 13.22% upside | 2.52% downside | 7.75% upside |
WellCare (NYSE:WCG) Consensus Price Target History
WellCare (NYSE:WCG) Analyst Ratings History
Show:
(Data available from 4/25/2016 forward)
WellCare (NYSE:WCG) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
(Data available from 1/1/2013 forward)
WellCare (NYSE WCG) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 0.59%
Institutional Ownership Percentage: 98.23%
WellCare (NYSE WCG) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 11/7/2017 | Carol Burt | Director | Sell | 997 | $202.20 | $201,593.40 | |  |
| 9/14/2017 | Kenneth A Burdick | CEO | Sell | 8,500 | $174.24 | $1,481,040.00 | 23,627 | |
| 8/10/2017 | Glenn Md Phd Steele Jr | Director | Sell | 8,374 | $171.97 | $1,440,076.78 | 5,722 | |
| 6/15/2017 | Kelly A Munson | EVP | Sell | 3,000 | $173.71 | $521,130.00 | 4,243 | |
| 6/14/2017 | Andrew Lynn Asher | CFO | Sell | 7,314 | $175.04 | $1,280,242.56 | 13,244 | |
| 6/12/2017 | Paul E Weaver | Director | Sell | 2,000 | $175.44 | $350,880.00 | 15,262 | |
| 5/25/2017 | Michael Troy Meyer | VP | Sell | 600 | $171.86 | $103,116.00 | 73 | |
| 5/9/2017 | Darren Ghanayem | SVP | Sell | 800 | $170.30 | $136,240.00 | 476 | |
| 5/8/2017 | Carol Burt | Director | Sell | 1,805 | $170.09 | $307,012.45 | 8,447 | |
| 5/4/2017 | Michael Robert Polen | EVP | Sell | 6,000 | $169.67 | $1,018,020.00 | 12,952 | |
| 5/4/2017 | Yount Michael | SVP | Sell | 2,500 | $166.57 | $416,425.00 | 4,804 | |
| 3/16/2017 | Roel C Campos | Director | Sell | 6,000 | $143.41 | $860,460.00 | 9,861 | |
| 3/15/2017 | Kevin F Hickey | Director | Sell | 2,707 | $142.68 | $386,234.76 | 17,989 | |
| 11/18/2016 | Paul E Weaver | Director | Sell | 3,000 | $128.83 | $386,490.00 | 15,892 | |
| 8/16/2016 | Glenn Md Phd Steele Jr | Director | Sell | 10,000 | $114.86 | $1,148,600.00 | 10,852 | |
| 6/15/2016 | Kevin F Hickey | Director | Sell | 1,000 | $105.56 | $105,560.00 | 14,730 | |
| 5/4/2016 | Daniel Robert Graham | Director | Sell | 2,100 | $94.47 | $198,387.00 | 18,713 | |
| 3/4/2016 | Kevin F Hickey | Director | Sell | 4,023 | $93.00 | $374,139.00 | 15,300 | |
| 3/1/2016 | Paul E Weaver | Director | Sell | 3,000 | $91.65 | $274,950.00 | 14,836 | |
| 11/23/2015 | Andrew Lynn Asher | CFO | Buy | 4,000 | $80.71 | $322,840.00 | 3,676 | |
| 9/15/2015 | Kevin F Hickey | Director | Sell | 2,088 | $96.43 | $201,345.84 | 17,076 | |
| 9/11/2015 | Blair Williams Todt | Insider | Sell | 1,000 | $96.00 | $96,000.00 | 8,548 | |
| 6/9/2015 | Blair Williams Todt | Insider | Sell | 4,000 | $81.38 | $325,520.00 | | |
| 3/11/2015 | Kevin F Hickey | Director | Sell | 3,000 | $89.36 | $268,080.00 | | |
| 2/23/2015 | Christian P Michalik | Director | Sell | 7,544 | $89.99 | $678,884.56 | | |
| 12/17/2014 | Lawrence Anderson | SVP | Sell | 1,536 | $75.90 | $116,582.40 | | |
| 12/17/2014 | Paul E Weaver | Director | Sell | 2,000 | $76.52 | $153,040.00 | | |
| 11/6/2014 | Blair Williams Todt | SVP | Sell | 2,907 | $71.95 | $209,158.65 | | |
| 11/6/2014 | Thomas L Tran | CFO | Sell | 31,667 | $70.80 | $2,242,023.60 | | |
| 11/25/2013 | Thomas Tran | CFO | Sell | 6,898 | $73.90 | $509,762.20 | 40,963 | |
| 11/13/2013 | Alexander Cunningham | Director | Sell | 54,305 | $67.27 | $3,653,097.35 | | |
| 8/15/2013 | Thomas Tran | CFO | Sell | 50,000 | $65.61 | $3,280,500.00 | 40,963 | |
| 8/8/2013 | Christian Michalik | Director | Sell | 11,657 | $65.77 | $766,680.89 | 34,810 | |
| 5/14/2013 | Charles Berg | Director | Sell | 5,000 | $57.05 | $285,250.00 | | |
| 5/13/2013 | Christian P Michalik | Director | Sell | 11,000 | $56.80 | $624,800.00 | | |
| 5/10/2013 | Alexander R Cunningham | CEO | Sell | 5,985 | $57.22 | $342,461.70 | | |
| 5/10/2013 | Charles Berg | Director | Sell | 7,433 | $57.26 | $425,613.58 | | |
| 5/8/2013 | Charles Berg | Director | Sell | 10,000 | $56.77 | $567,700.00 | | |
| 11/1/2012 | Paul E Weaver | Director | Buy | 2,000 | $47.95 | $95,900.00 | | |
(Data available from 1/1/2013 forward)
WellCare (NYSE WCG) News Headlines
| Source: |
|
| Date | Headline |
|---|
 | WellCare (WCG) to Release Quarterly Earnings on Tuesday
www.americanbankingnews.com - April 24 at 4:38 AM |
| Leerink Swann Analysts Decrease Earnings Estimates for WellCare (WCG)
www.americanbankingnews.com - April 18 at 7:40 AM |
| WellCare Sees Unusually Large Options Volume (WCG)
www.americanbankingnews.com - April 18 at 7:04 AM |
| $4.68 Billion in Sales Expected for WellCare (WCG) This Quarter
www.americanbankingnews.com - April 16 at 3:05 AM |
| Jefferies Group Equities Analysts Boost Earnings Estimates for WellCare (WCG)
www.americanbankingnews.com - April 16 at 1:50 AM |
| WellCare (WCG) Given Consensus Recommendation of "Buy" by Brokerages
www.americanbankingnews.com - April 15 at 3:25 AM |
| $1.98 Earnings Per Share Expected for WellCare (WCG) This Quarter
www.americanbankingnews.com - April 14 at 3:13 PM |
| WellCare (WCG) Upgraded by Zacks Investment Research to "Buy"
www.americanbankingnews.com - April 13 at 2:47 PM |
| Jefferies Group Weighs in on WellCare's Q1 2018 Earnings (WCG)
www.americanbankingnews.com - April 13 at 8:39 AM |
 | Well Care Health plans to add more than 100 jobs as it expands in the Triad
www.bizjournals.com - April 12 at 5:33 PM |
 | WellCare Associates Race to Prevent Child Abuse in North Carolina
finance.yahoo.com - April 12 at 8:45 AM |
| WellCare Announces 2017 Annual Review
finance.yahoo.com - April 11 at 8:35 AM |
| Why the CEO of WellCare got a pay raise in 2017
finance.yahoo.com - April 10 at 8:35 AM |
 | Anthem May Win by Sitting Out Wave of Health Insurance Deals
www.wsj.com - April 6 at 8:33 AM |
| New Study Shows How Managed Care Organizations Can Help Address Social Determinants of Health with New Social-Support Role
finance.yahoo.com - April 3 at 5:30 PM |
| WellCare to Release First Quarter 2018 Results on May 1, 2018
finance.yahoo.com - April 3 at 5:30 PM |
| U.S. govt sets 3.40 pct hike in 2019 payments to Medicare insurers
finance.yahoo.com - April 2 at 5:22 PM |
| WellCare Health Plans (WCG) Rating Reiterated by Piper Jaffray
www.americanbankingnews.com - April 2 at 4:16 PM |
| Wells Fargo Reaffirms Market Perform Rating for WellCare Health Plans (WCG)
www.americanbankingnews.com - April 2 at 1:30 PM |
| WellCare Health Plans (WCG) Price Target Raised to $210.00
www.americanbankingnews.com - April 2 at 10:44 AM |
| WellCare Health Plans, Inc. (WCG) Expected to Announce Quarterly Sales of $4.68 Billion
www.americanbankingnews.com - March 30 at 2:29 AM |
| Cowen Reaffirms "Outperform" Rating for WellCare Health Plans (WCG)
www.americanbankingnews.com - March 26 at 7:08 PM |
| Ill-Informed and Ill-Equipped: New Survey Reveals Many Adults Now More Concerned About Substance Abuse in Aging Parents Than in Their Kids
finance.yahoo.com - March 26 at 5:12 PM |
| WellCare Health Plans (WCG) Raised to "Outperform" at Wells Fargo
www.americanbankingnews.com - March 21 at 6:06 PM |
 | Form 4 WELLCARE HEALTH PLANS, For: Mar 19 Filed by: Radu Michael P
www.streetinsider.com - March 21 at 5:33 PM |
| WellCare Health Plans, Inc. (WCG) Receives Average Recommendation of "Buy" from Brokerages
www.americanbankingnews.com - March 21 at 3:28 AM |
| WellCare Health Plans (WCG) Lifted to "Buy" at Bank of America
www.americanbankingnews.com - March 16 at 8:52 PM |
 | Harmony Health Plan's Mobile App Offers Convenient Healthcare Information for Members - PR Newswire (press release)
www.prnewswire.com - March 16 at 8:26 AM |
| Harmony Health Plan's Mobile App Offers Convenient Healthcare Information for Members
finance.yahoo.com - March 15 at 6:05 PM |
| Zacks Investment Research Lowers WellCare Health Plans (WCG) to Hold
www.americanbankingnews.com - March 14 at 5:30 PM |
 | Here's Why Small-Cap HealthCare ETFs & Stocks Are Good Picks - Nasdaq
www.nasdaq.com - March 14 at 8:41 AM |
| Care1st Health Plan Arizona Awarded Medicaid Contract - PR Newswire (press release)
www.prnewswire.com - March 14 at 8:41 AM |
| Care1st Health Plan Arizona Awarded Medicaid Contract
finance.yahoo.com - March 13 at 8:31 AM |
 | Healthcare Stocks Trade Mixed on Cigna's Massive $67 Billion Express Scripts Bid - TheStreet.com
www.thestreet.com - March 9 at 8:25 AM |
| 'Ohana Health Plan Awarded Contract to Provide Community Care Services (CCS) Statewide to Eligible Medicaid Members
finance.yahoo.com - March 6 at 5:36 PM |
| WellCare Health Plans, Inc. (WCG) Position Raised by Renaissance Technologies LLC
www.americanbankingnews.com - March 6 at 2:52 PM |
| WellCare Commits to Tampa Headquarters through 2030 - PR Newswire (press release)
www.prnewswire.com - March 6 at 8:20 AM |
| Why WellCare is keeping its corporate headquarters in Tampa (Video)
www.bizjournals.com - March 5 at 5:46 PM |
| Why WellCare is keeping its corporate headquarters in Tampa
finance.yahoo.com - March 5 at 5:46 PM |
| WellCare Commits to Tampa Headquarters through 2030
finance.yahoo.com - March 5 at 5:46 PM |
| WellCare Health Plans, Inc. (WCG) Holdings Lifted by UBS Asset Management Americas Inc.
www.americanbankingnews.com - March 5 at 9:42 AM |
| Lombard Odier Asset Management USA Corp Buys Shares of 12,146 WellCare Health Plans, Inc. (WCG)
www.americanbankingnews.com - March 3 at 4:58 PM |
| WellCare Health Plans, Inc. (WCG) Shares Sold by Allianz Asset Management GmbH
www.americanbankingnews.com - March 3 at 4:17 AM |
| WINTON GROUP Ltd Cuts Position in WellCare Health Plans, Inc. (WCG)
www.americanbankingnews.com - March 2 at 9:04 PM |
| WellCare Health Plans, Inc. (WCG) Shares Sold by Globeflex Capital L P
www.americanbankingnews.com - March 2 at 3:48 PM |
| Maverick Capital Ltd. Takes Position in WellCare Health Plans, Inc. (WCG)
www.americanbankingnews.com - March 2 at 3:06 PM |
| WellCare Announces Appearances At Investor Conferences - PR Newswire (press release)
www.prnewswire.com - March 1 at 8:19 AM |
| WellCare Health Plans, Inc. (WCG) Position Boosted by OppenheimerFunds Inc.
www.americanbankingnews.com - March 1 at 6:47 AM |
| WellCare Announces Appearances At Investor Conferences
finance.yahoo.com - February 28 at 5:59 PM |
| WellCare Names Dr. Clarence Davis Senior Medical Director in Georgia - PR Newswire (press release)
www.prnewswire.com - February 28 at 8:23 AM |
WellCare (NYSE:WCG) SEC Filings
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WellCare (NYSE:WCG) Income Statement, Balance Sheet and Cash Flow Statement
WellCare (NYSE WCG) Stock Chart for Wednesday, April, 25, 2018
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