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 September 1, 2018, the company served approximately 5.5 million members worldwide. 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
Phone813-290-6200
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$20.41 billion
Profitability
Miscellaneous
Employees8,900
OptionableOptionable
WellCare Health Plans (NYSE:WCG) Frequently Asked Questions
What is WellCare Health Plans' stock symbol?
WellCare Health Plans trades on the New York Stock Exchange (NYSE) under the ticker symbol "WCG."
How were WellCare Health Plans' earnings last quarter?
WellCare Health Plans, Inc. (NYSE:WCG) posted its quarterly earnings results on Tuesday, February, 5th. The company reported $1.63 EPS for the quarter, topping analysts' consensus estimates of $1.55 by $0.08. The business earned $5.94 billion during the quarter, compared to analysts' expectations of $5.85 billion. WellCare Health Plans had a return on equity of 15.39% and a net margin of 2.15%. WellCare Health Plans's quarterly revenue was up 37.5% on a year-over-year basis. During the same quarter last year, the company posted $0.32 earnings per share. View WellCare Health Plans' Earnings History.
When is WellCare Health Plans' next earnings date?
What guidance has WellCare Health Plans issued on next quarter's earnings?
WellCare Health Plans issued an update on its FY19 earnings guidance on Tuesday, February, 5th. The company provided earnings per share (EPS) guidance of $13.25-13.50 for the period, compared to the Thomson Reuters consensus EPS estimate of $13.49. WellCare Health Plans also updated its FY 2019 guidance to $13.25-13.50 EPS.
What price target have analysts set for WCG?
14 brokers have issued 1 year price targets for WellCare Health Plans' stock. Their predictions range from $250.00 to $365.00. On average, they anticipate WellCare Health Plans' share price to reach $310.6923 in the next twelve months. This suggests a possible upside of 11.3% from the stock's current price. View Analyst Price Targets for WellCare Health Plans.
What is the consensus analysts' recommendation for WellCare Health Plans?
14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for WellCare Health Plans in the last year. There are currently 2 hold ratings and 12 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for WellCare Health Plans.
What are Wall Street analysts saying about WellCare Health Plans stock?
Here are some recent quotes from research analysts about WellCare Health Plans stock:
- 1. According to Zacks Investment Research, "Shares of WellCare Health have gained in a year's time, underperforming its industry's growth in the same time frame. The company’s revenues have been growing since 2006, driven by an increase in membership. Its organic growth is well complemented with a number of accretive acquisitions and partnerships. A raise in earnings guidance instills investor’s confidence in the company. However, the company’s rising debt level, having induced high interest expenses, hurts the bottom line. A continuous increase in total expenses also weighs on its margins. " (12/31/2018)
- 2. Cantor Fitzgerald analysts commented, ". We reiterate our Overweight rating on WCG shares and our 12-month price target of $330. Before the open, on Monday, WCG issued 2019 guidance that was above our estimates. The company also reaffirmed its 2018 outlook. At the midpoint of its stated range, 2019 adjusted revenue is expected to increase about 30%. Medicaid and Medicare premium guidance were slightly ahead of our estimates, while Medicare PDP premium revenue was well ahead. The revenue upside was primarily driven by the full year contribution of Meridian (which closed in September 2018). While adjusted EPS guidance was in-line with our estimate, FactSet consensus was above the high end of the range by $0.07. We note that there were some outlier sell-side estimates well above $13.40, which skewed consensus." (12/17/2018)
Has WellCare Health Plans been receiving favorable news coverage?
Media headlines about WCG stock have been trending negative on Sunday, according to InfoTrie Sentiment Analysis. The research firm rates the sentiment of press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. WellCare Health Plans earned a media sentiment score of -2.8 on InfoTrie's scale. They also assigned news stories about the company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the stock's share price in the near future.
Who are some of WellCare Health Plans' key competitors?
Who are WellCare Health Plans' key executives?
WellCare Health Plans' management team includes the folowing people:
- Mr. Kenneth Alan Burdick, CEO & Director (Age 60)
- Mr. Andrew Lynn Asher, Exec. VP & CFO (Age 50)
- Mr. Michael Robert Polen, Exec. VP of Medicare & Operations (Age 39)
- Ms. Kelly Ann Munson, Exec. VP of Medicaid (Age 47)
- Mr. Michael Paul Radu, Exec. VP of Clinical Operations & Bus. Devel. (Age 51)
Who are WellCare Health Plans' major shareholders?
WellCare Health Plans' stock is owned by many different of institutional and retail investors. Top institutional investors include BlackRock Inc. (8.32%), Acadian Asset Management LLC (2.54%), Bank of New York Mellon Corp (1.52%), Geode Capital Management LLC (1.45%), Carmignac Gestion (1.43%) and Northern Trust Corp (1.07%). Company insiders that own WellCare Health Plans stock include Anat Hakim, Andrew Lynn Asher, Carol Burt, Darren Ghanayem, Glenn Md Phd Steele Jr, H James Dallas, Kelly A Munson, Kenneth A Burdick, Kevin F Hickey, Michael Robert Polen, Michael Troy Meyer, Paul E Weaver, Richard C Breon, Roel C Campos and Yount Michael. View Institutional Ownership Trends for WellCare Health Plans.
Which major investors are selling WellCare Health Plans stock?
WCG stock was sold by a variety of institutional investors in the last quarter, including Acadian Asset Management LLC, Columbus Circle Investors, Massachusetts Financial Services Co. MA, Bank of New York Mellon Corp, Millennium Management LLC, Mackay Shields LLC, Prudential Financial Inc. and Robeco Institutional Asset Management B.V.. Company insiders that have sold WellCare Health Plans company stock in the last year include Anat Hakim, Michael Robert Polen, Richard C Breon and Yount Michael. View Insider Buying and Selling for WellCare Health Plans.
Which major investors are buying WellCare Health Plans stock?
WCG stock was acquired by a variety of institutional investors in the last quarter, including Carmignac Gestion, BlackRock Inc., Eagle Asset Management Inc., Eaton Vance Management, Hudson Bay Capital Management LP, Tavio Capital LLC, Fiera Capital Corp and Oakmont Corp. View Insider Buying and Selling for WellCare Health Plans.
How do I buy shares of WellCare Health Plans?
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 Health Plans' stock price today?
One share of WCG stock can currently be purchased for approximately $279.15.
How big of a company is WellCare Health Plans?
WellCare Health Plans has a market capitalization of $13.96 billion and generates $20.41 billion in revenue each year. The company earns $439.80 million in net income (profit) each year or $11.03 on an earnings per share basis. WellCare Health Plans employs 8,900 workers across the globe.
What is WellCare Health Plans' official website?
How can I contact WellCare Health Plans?
WellCare Health Plans' 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 Health Plans (NYSE WCG)
MarketBeat's community ratings are surveys of what our community members think about WellCare Health Plans 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.
