WellCare Health Plans Company Profile (NYSE:WCG)

About WellCare Health Plans

WellCare Health Plans logoWellCare Health Plans, Inc. is a managed care company focused 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 complex medical needs. The Company's segments include Medicaid Health Plans, Medicare Health Plans and Medicare PDPs. The Medicaid Health Plans segment includes plans for beneficiaries of Temporary Assistance for Needy Families, Supplemental Security Income, Aged Blind and Disabled and other state-based programs, such as Children's Health Insurance Program and Managed Long-Term Care programs. The Medicare program provides health care coverage primarily to individuals age 65 or older, as well as to individuals with certain disabilities. It has contracts with Centers for Medicare & Medicaid Services to serve as a plan sponsor offering Medicare Part D PDP plans to Medicare-eligible beneficiaries through its Medicare PDPs segment.

Industry, Sector and Symbol:
  • Sector: Medical
  • Industry: Health Care Plans
  • Sub-Industry: Managed Health Care
  • Exchange: NYSE
  • Symbol: WCG
  • CUSIP: 94946T10
Key Metrics:
  • Previous Close: $139.12
  • 50 Day Moving Average: $143.55
  • 200 Day Moving Average: $127.75
  • 52-Week Range: $81.83 - $151.93
  • Trailing P/E Ratio: 25.62
  • Foreward P/E Ratio: 19.50
  • P/E Growth: 1.91
  • Market Cap: $6.16B
  • Outstanding Shares: 44,301,000
  • Beta: 1
Profitability:
  • Net Margins: 1.70%
  • Return on Equity: 14.01%
  • Return on Assets: 4.50%
Debt:
  • Debt-to-Equity Ratio: 0.50%
  • Current Ratio: 1.68%
  • Quick Ratio: 1.59%
Additional Links:
Companies Related to WellCare Health Plans:

Analyst Ratings

Consensus Ratings for WellCare Health Plans (NYSE:WCG) (?)
Ratings Breakdown: 1 Sell Rating, 8 Hold Ratings, 2 Buy Ratings
Consensus Rating:Hold (Score: 2.09)
Consensus Price Target: $129.20 (8.08% downside)

Analysts' Ratings History for WellCare Health Plans (NYSE:WCG)
Show:
DateFirmActionRatingPrice TargetDetails
2/9/2017Leerink SwannBoost Price TargetOutperform$160.00 -> $170.00View Rating Details
2/8/2017Piper Jaffray CompaniesBoost Price TargetOverweight$155.00 -> $160.00View Rating Details
2/8/2017Barclays PLCBoost Price TargetEqual Weight$146.00 -> $154.00View Rating Details
2/8/2017Jefferies Group LLCBoost Price TargetHold$137.00 -> $142.00View Rating Details
2/7/2017Cantor FitzgeraldReiterated RatingHoldView Rating Details
1/31/2017J P Morgan Chase & CoDowngradeOverweight -> NeutralView Rating Details
1/4/2017Stifel NicolausDowngradeBuy -> Hold$147.00View Rating Details
12/13/2016Goldman Sachs Group, Inc. (The)DowngradeBuy -> NeutralView Rating Details
11/11/2016Credit Suisse GroupUpgradeUnderperform -> Neutral$108.00 -> $115.00View Rating Details
8/3/2016Morgan StanleyReiterated RatingSell$80.00View Rating Details
8/3/2016WedbushReiterated RatingNeutral$126.00 -> $119.00View Rating Details
2/22/2016Bank of America CorpUpgradeUnderperform -> Neutral$70.00 -> $94.00View Rating Details
9/2/2015Canaccord GenuityBoost Price TargetHold$75.00 -> $85.00View Rating Details
5/8/2015Deutsche Bank AGLower Price TargetHold$85.00 -> $75.00View Rating Details
(Data available from 2/24/2015 forward)

Earnings

Earnings History for WellCare Health Plans (NYSE:WCG)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
5/1/2017        
2/7/2017Q416$0.52$1.03$3.56 billion$3.52 billionViewListenView Earnings Details
11/1/2016Q316$1.11$1.63$3.51 billion$3.58 billionViewN/AView Earnings Details
8/2/2016Q216$1.40$2.23$3.53 billion$3.59 billionViewN/AView Earnings Details
5/3/2016Q116$0.69$1.06$3.50 billion$3.54 billionViewN/AView Earnings Details
2/9/2016Q415$0.60$0.60$3.48 billion$3.50 billionViewN/AView Earnings Details
11/4/2015Q315$0.95$1.00$3.48 billion$3.36 billionViewN/AView Earnings Details
8/5/2015Q215$0.96$1.34$3.45 billion$3.48 billionViewListenView Earnings Details
5/6/2015Q115$0.28$0.49$3.50 billion$3.39 billionViewListenView Earnings Details
2/11/2015Q414$0.66$0.41$3.42 billionViewListenView Earnings Details
11/5/2014Q314$0.69$0.59$3.28 billion$3.40 billionViewListenView Earnings Details
7/25/2014Q2$0.90($0.07)$3.02 billion$3.10 billionViewListenView Earnings Details
5/6/2014Q114$0.04$1.13$2.80 billionViewListenView Earnings Details
2/12/2014Q4$1.15$1.09$2.42 billionViewListenView Earnings Details
11/1/2013Q313$1.52$1.56$2.37 billion$2.50 billionViewListenView Earnings Details
8/7/2013Q2 2013$0.01$1.35$2.43 billion$2.33 billionViewListenView Earnings Details
5/3/2013Q1 2013$0.68$0.63$2.18 billion$1.26 billionViewListenView Earnings Details
2/13/2013Q4 2012$1.31$1.32$1.90 billion$1.99 billionViewListenView Earnings Details
10/31/2012Q312$1.46$1.05$1.83 billion$1.82 billionViewN/AView Earnings Details
8/3/2012$1.20$1.24ViewN/AView Earnings Details
5/2/2012$0.54$1.32ViewN/AView Earnings Details
2/15/2012$1.19$2.15ViewN/AView Earnings Details
11/2/2011$1.31$2.15ViewN/AView Earnings Details
8/3/2011$0.94$1.77ViewN/AView Earnings Details
5/6/2011$0.16$0.66ViewN/AView Earnings Details
2/16/2011$0.52$0.71ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for WellCare Health Plans (NYSE:WCG)
Current Year EPS Consensus Estimate: $6.31 EPS
Next Year EPS Consensus Estimate: $7.21 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20162$0.70$1.15$0.93
Q2 20163$1.37$1.44$1.41
Q3 20163$1.01$1.12$1.07
Q4 20163$0.53$0.70$0.59
Q1 20173$1.17$1.26$1.20
Q2 20173$1.79$2.29$2.05
Q3 20173$1.60$2.19$1.91
Q4 20173$0.79$1.11$0.98
(Data provided by Zacks Investment Research)

Dividends

Dividend History for WellCare Health Plans (NYSE:WCG)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trades

Insider Trading History for WellCare Health Plans (NYSE:WCG)
Insider Ownership Percentage: 0.50%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
11/18/2016Paul E WeaverDirectorSell3,000$128.83$386,490.00View SEC Filing  
8/16/2016Glenn Md Phd Steele JrDirectorSell10,000$114.86$1,148,600.00View SEC Filing  
6/15/2016Kevin F HickeyDirectorSell1,000$105.56$105,560.00View SEC Filing  
5/4/2016Daniel Robert GrahamDirectorSell2,100$94.47$198,387.00View SEC Filing  
3/4/2016Kevin F HickeyDirectorSell4,023$93.00$374,139.00View SEC Filing  
3/1/2016Paul E WeaverDirectorSell3,000$91.65$274,950.00View SEC Filing  
11/23/2015Andrew Lynn AsherCFOBuy4,000$80.71$322,840.00View SEC Filing  
9/15/2015Kevin F HickeyDirectorSell2,088$96.43$201,345.84View SEC Filing  
9/11/2015Blair Williams TodtInsiderSell1,000$96.00$96,000.00View SEC Filing  
6/9/2015Blair Williams TodtInsiderSell4,000$81.38$325,520.00View SEC Filing  
3/11/2015Kevin F HickeyDirectorSell3,000$89.36$268,080.00View SEC Filing  
2/23/2015Christian P MichalikDirectorSell7,544$89.99$678,884.56View SEC Filing  
12/17/2014Lawrence AndersonSVPSell1,536$75.90$116,582.40View SEC Filing  
12/17/2014Paul E WeaverDirectorSell2,000$76.52$153,040.00View SEC Filing  
11/6/2014Blair Williams TodtSVPSell2,907$71.95$209,158.65View SEC Filing  
11/6/2014Thomas L TranCFOSell31,667$70.80$2,242,023.60View SEC Filing  
11/25/2013Thomas TranCFOSell6,898$73.90$509,762.20View SEC Filing  
11/13/2013Alexander CunninghamDirectorSell54,305$67.27$3,653,097.35View SEC Filing  
8/15/2013Thomas TranCFOSell50,000$65.61$3,280,500.00View SEC Filing  
8/8/2013Christian MichalikDirectorSell11,657$65.77$766,680.89View SEC Filing  
5/14/2013Charles BergDirectorSell5,000$57.05$285,250.00View SEC Filing  
5/13/2013Christian P MichalikDirectorSell11,000$56.80$624,800.00View SEC Filing  
5/10/2013Alexander R CunninghamCEOSell5,985$57.22$342,461.70View SEC Filing  
5/10/2013Charles BergDirectorSell7,433$57.26$425,613.58View SEC Filing  
5/8/2013Charles BergDirectorSell10,000$56.77$567,700.00View SEC Filing  
11/1/2012Paul E WeaverDirectorBuy2,000$47.95$95,900.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for WellCare Health Plans (NYSE:WCG)
DateHeadline
4-traders.com logoWellCare Health Plans : Gives Micro-Grants to Community-Based Organizations That Support Autism Assistance (NYSE:WCG)
www.4-traders.com - February 24 at 9:07 AM
us.rd.yahoo.com logoWellCare Gives Micro-Grants to Community-Based Organizations That Support Autism Assistance (NYSE:WCG)
us.rd.yahoo.com - February 24 at 9:07 AM
News IconInvestor Gauge: Looking at the Levels for WellCare Health Plans, Inc. (NYSE:WCG) - Rives Journal (NYSE:WCG)
rivesjournal.com - February 23 at 11:53 PM
realistinvestor.com logoMean Rating Of WellCare Health Plans, Inc. (NYSE:WCG) At $2.56 - RealistInvestor.com (NYSE:WCG)
www.realistinvestor.com - February 23 at 11:53 PM
News IconDirector of Wellcare Health Plans (NYSE:WCG), Michalik Christian P, sells 3,000 shares worth $422,913 (NYSE:WCG)
empowerednews.net - February 22 at 11:09 AM
finance.yahoo.com logoWellCare Awards Micro-Grants to Support Social Service Agencies in Florida (NYSE:WCG)
finance.yahoo.com - February 22 at 11:09 AM
us.rd.yahoo.com logoWellCare Sponsors Race for St. Lawrence Place's Kids' Fun Run (NYSE:WCG)
us.rd.yahoo.com - February 17 at 5:09 PM
us.rd.yahoo.com logoWellCare Partners with Big Brothers Big Sisters to Support "Bigs in Blue" (NYSE:WCG)
us.rd.yahoo.com - February 17 at 5:09 PM
realistinvestor.com logoWellCare Health Plans, Inc. (NYSE:WCG) Mean Rating At $2.6 - RealistInvestor.com (NYSE:WCG)
www.realistinvestor.com - February 17 at 7:07 AM
finance.yahoo.com logoWellCare to Award $5,000 in Micro-Grants to Support Social Service Agencies in Mississippi (NYSE:WCG)
finance.yahoo.com - February 17 at 7:07 AM
finance.yahoo.com logoWELLCARE HEALTH PLANS, INC. Financials (NYSE:WCG)
finance.yahoo.com - February 17 at 7:07 AM
prnewswire.com logoWellCare Names Sonya Nelson State President, Georgia - PR Newswire (press release) (NYSE:WCG)
www.prnewswire.com - February 15 at 1:55 AM
bizjournals.com logoWellCare of Georgia names new president (NYSE:WCG)
www.bizjournals.com - February 14 at 7:00 AM
4-traders.com logoWellCare Health Plans : Names Sonya Nelson State President, Georgia (NYSE:WCG)
www.4-traders.com - February 13 at 8:57 AM
biz.yahoo.com logoWELLCARE HEALTH PLANS, INC. Files SEC form 10-K, Annual Report (NYSE:WCG)
biz.yahoo.com - February 13 at 8:57 AM
finance.yahoo.com logoWellCare Names Sonya Nelson State President, Georgia (NYSE:WCG)
finance.yahoo.com - February 13 at 8:57 AM
capitalcube.com logoWellCare Health Plans, Inc. :WCG-US: Earnings Analysis: 2016 By the Numbers : February 9, 2017 (NYSE:WCG)
www.capitalcube.com - February 10 at 6:33 AM
biz.yahoo.com logoWELLCARE HEALTH PLANS, INC. Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements a (NYSE:WCG)
us.rd.yahoo.com - February 9 at 6:39 AM
us.rd.yahoo.com logo'Ohana Health Plan Helps Students at Pu'uhale Elementary Get Moving (NYSE:WCG)
us.rd.yahoo.com - February 9 at 6:39 AM
capitalcube.com logoWellCare Health Plans, Inc. :WCG-US: Earnings Analysis: Q4, 2016 By the Numbers : February 8, 2017 (NYSE:WCG)
www.capitalcube.com - February 9 at 6:39 AM
streetinsider.com logoWellCare Health Plans (WCG) Tops Q4 EPS by 51c; Reaffirms (NYSE:WCG)
www.streetinsider.com - February 8 at 2:06 AM
finance.yahoo.com logoEdited Transcript of WCG earnings conference call or presentation 7-Feb-17 2:30pm GMT (NYSE:WCG)
finance.yahoo.com - February 8 at 2:05 AM
News IconHow Analysts See WellCare Health Plans Inc (WCG) Perform In The Year Ahead? (NYSE:WCG)
simplywall.st - February 7 at 9:04 PM
rttnews.com logoWellcare Health Plans Inc Profit Climbs 62% In Q4 (NYSE:WCG)
www.rttnews.com - February 7 at 9:04 PM
bizjournals.com logoWellCare doubles its profit in 2016 (NYSE:WCG)
www.bizjournals.com - February 7 at 9:04 PM
seekingalpha.com logoWellCare Health Plans (WCG) Q4 2016 Results - Earnings Call Transcript (NYSE:WCG)
seekingalpha.com - February 7 at 9:04 PM
us.rd.yahoo.com logoWellCare Reports Fourth Quarter And Full-Year 2016 Results (NYSE:WCG)
us.rd.yahoo.com - February 7 at 9:04 PM
us.rd.yahoo.com logoHealth insurer WellCare's quarterly profit surges (NYSE:WCG)
us.rd.yahoo.com - February 7 at 9:04 PM
prnewswire.com logoWellCare Receives NCQA Quality Accreditation for Medicaid and Medicare Health Plans in Illinois - PR Newswire (press release) (NYSE:WCG)
www.prnewswire.com - February 7 at 4:01 PM
nasdaq.com logoWellcare Health Plans Inc Profit Climbs 62% In Q4 - Nasdaq (NYSE:WCG)
www.nasdaq.com - February 7 at 4:01 PM
sg.finance.yahoo.com logoWellCare beats 4Q profit forecasts (NYSE:WCG)
sg.finance.yahoo.com - February 7 at 4:01 PM
biz.yahoo.com logoQ4 2016 WellCare Health Plans Inc Earnings Release - Before Market Open (NYSE:WCG)
biz.yahoo.com - February 7 at 4:01 PM
finance.yahoo.com logoWellCare Health (WCG) Q4 Earnings Beat, Revenues Miss (NYSE:WCG)
finance.yahoo.com - February 7 at 4:01 PM
finance.yahoo.com logoWellCare's profit soars as enrollments jump, costs drop (NYSE:WCG)
finance.yahoo.com - February 7 at 4:01 PM
finance.yahoo.com logoWellCare Health (WCG) Beats on Q4 Earnings, Misses Revenues (NYSE:WCG)
finance.yahoo.com - February 7 at 4:01 PM
finance.yahoo.com logoWellCare Receives NCQA Quality Accreditation for Medicaid and Medicare Health Plans in Illinois (NYSE:WCG)
finance.yahoo.com - February 6 at 9:53 AM
4-traders.com logoWellCare Health Plans : Supports Tornado Relief Efforts in Georgia (NYSE:WCG)
www.4-traders.com - February 3 at 6:43 AM
finance.yahoo.com logoMissouri Care Provides Micro-Grants to Community-Based Organizations that Support Missouri Social Services (NYSE:WCG)
finance.yahoo.com - February 2 at 6:44 AM
realistinvestor.com logoMean Rating Of WellCare Health Plans, Inc. (NYSE:WCG) At $2.6 - RealistInvestor.com (NYSE:WCG)
www.realistinvestor.com - January 27 at 3:54 PM
News IconSell-side is Weighing in on WellCare Health Plans, Inc. (NYSE:WCG) Earnings - Aiken Advocate (NYSE:WCG)
aikenadvocate.com - January 27 at 3:54 PM
News IconAre Analysts Predicting a Near-Term Upswing For WellCare Health Plans, Inc. (NYSE:WCG)? - Wall Street Beacon (NYSE:WCG)
wsbeacon.com - January 27 at 3:54 PM
finance.yahoo.com logoWellCare Supports Tornado Relief Efforts in Georgia (NYSE:WCG)
finance.yahoo.com - January 27 at 6:42 AM
4-traders.com logoWellCare Health Plans : Receives NCQA Quality Accreditation for Medicaid and Medicare Health Plans in New York (NYSE:WCG)
www.4-traders.com - January 25 at 4:29 PM
bizjournals.com logoTechnical Reports on Healthcare Stocks -- Cigna, Molina Healthcare, Universal American, and WellCare Health Plans (NYSE:WCG)
www.bizjournals.com - January 25 at 4:29 PM
finance.yahoo.com logoWellCare Receives NCQA Quality Accreditation for Medicaid and Medicare Health Plans in New York (NYSE:WCG)
finance.yahoo.com - January 25 at 4:29 PM
News IconWellCare's (NYSE: WCG) independence questioned after ruling in Aetna-Humana case (NYSE:WCG)
www.yahoo.com - January 25 at 1:20 AM
bizjournals.com logoRuling in Aetna-Humana case leaves WellCare ripe for acquisition - Tampa Bay Business Journal (NYSE:WCG)
www.bizjournals.com - January 24 at 3:16 PM
finance.yahoo.com logo4 Reasons Why WellCare Health Stock is a Great Pick Now (NYSE:WCG)
finance.yahoo.com - January 24 at 3:16 PM
bizjournals.com logoRuling in Aetna-Humana case leaves WellCare ripe for acquisition (NYSE:WCG)
www.bizjournals.com - January 24 at 3:16 PM
News IconEarnings in Full Force, Analysts Take Aim at WellCare Health Plans, Inc. (NYSE:WCG) - Wall Street Beacon (NYSE:WCG)
wsbeacon.com - January 24 at 2:48 AM

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What is WellCare Health Plans' stock symbol?

WellCare Health Plans trades on the New York Stock Exchange (NYSE) under the ticker symbol "WCG."

Where is WellCare Health Plans' stock going? Where will WellCare Health Plans' stock price be in 2017?

11 equities research analysts have issued 1-year target prices for WellCare Health Plans' shares. Their forecasts range from $80.00 to $170.00. On average, they expect WellCare Health Plans' stock price to reach $129.20 in the next twelve months.

When will WellCare Health Plans announce their earnings?

WellCare Health Plans is scheduled to release their next quarterly earnings announcement on Monday, May, 1st 2017.

What are analysts saying about WellCare Health Plans stock?

Here are some recent quotes from research analysts about WellCare Health Plans stock:

  • Piper Jaffray Companies analysts commented, "We are incrementally more positive on WCG as we now believe there is more conservatism built into 2017 guidance. We see potential for upside to guidance in MA and Part D margins. We also see opportunity for multiple expansion in the Medicaid sector, ~50% of earnings, as investors become more bullish on pipeline growth under repeal & replace." (2/8/2017)
  • Jefferies Group LLC analysts commented, "Though WCG's valuation was rich entering the day, we were surprised at the stock's lackluster reaction to a near 100% upside to 4Q expectations. Following positive Medicare comments at a competitor conference, perhaps reaffirmation of 2017 guidance wasn't enough. The guidance seems to have upside beyond pending M&A accretion. Yet, WCG's P/E is highest in the group (18.6x pro forma 2018E EPS) even on those raised estimates. We raise PT, maintain Hold." (2/8/2017)
  • According to Zacks Investment Research, "WellCare Health Plans, Inc. provides managed care services targeted exclusively to government-sponsored healthcare programs, focusing on Medicaid and Medicare. WellCare provides high-quality, affordable healthcare services to members in Florida, New York, Connecticut, Illinois and Indiana. " (4/13/2016)

Who owns WellCare Health Plans stock?

WellCare Health Plans' stock is owned by many different of retail and institutional investors. Top institutional investors include AQR Capital Management LLC (4.02%), State Street Corp (2.78%), Dimensional Fund Advisors LP (1.88%), Russell Investments Group Ltd. (1.11%), Renaissance Technologies LLC (0.54%) and Numeric Investors LLC (0.53%). Company insiders that own WellCare Health Plans stock include Andrew Lynn Asher, Blair Williams Todt, Daniel Robert Graham, Glenn Md Phd Steele Jr, Kevin F Hickey and Paul E Weaver.

Who sold WellCare Health Plans stock? Who is selling WellCare Health Plans stock?

WellCare Health Plans' stock was sold by a variety of institutional investors in the last quarter, including Loomis Sayles & Co. L P, FMR LLC, Federated Investors Inc. PA, Systematic Financial Management LP, State Street Corp, Numeric Investors LLC, Turner Investments LLC and Thrivent Financial for Lutherans. Company insiders that have sold WellCare Health Plans stock in the last year include Daniel Robert Graham, Glenn Md Phd Steele Jr, Kevin F Hickey and Paul E Weaver.

Who bought WellCare Health Plans stock? Who is buying WellCare Health Plans stock?

WellCare Health Plans' stock was acquired by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., AQR Capital Management LLC, Renaissance Technologies LLC, Arrowstreet Capital Limited Partnership, Guggenheim Capital LLC, Highland Capital Management LP, Elkfork Partners LLC and Janus Capital Management LLC.

How do I buy WellCare Health Plans stock?

Shares of WellCare Health Plans can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of WellCare Health Plans stock cost?

One share of WellCare Health Plans stock can currently be purchased for approximately $140.56.

WellCare Health Plans (NYSE:WCG) Chart for Friday, February, 24, 2017


Institutional Ownership Chart

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

Earnings History Chart

Earnings by Quarter for WellCare Health Plans (NYSE:WCG)

Dividend History Chart

Dividend Payments by Quarter for WellCare Health Plans (NYSE:WCG)

Last Updated on 2/24/2017 by MarketBeat.com Staff