NYSE:WCG - WellCare Health Plans Stock Price, News, & Analysis

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$261.57 +5.80 (+2.27 %)
(As of 01/16/2019 04:00 PM ET)
Previous Close$255.77
Today's Range$256.66 - $262.30
52-Week Range$187.06 - $324.99
Volume783,400 shs
Average Volume796,864 shs
Market Capitalization$12.53 billion
P/E Ratio30.70
Dividend YieldN/A
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.

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Industry, Sector and Symbol

Industry Hospital & medical service plans
Sub-IndustryManaged Health Care


Current Ratio1.32
Quick Ratio1.32


Sales & Book Value

Annual Sales$17.01 billion
Price / Sales0.77
Cash Flow$11.8090 per share
Price / Cash Flow22.15
Book Value$54.28 per share
Price / Book4.82


Net Income$373.70 million
Net Margins2.38%
Return on Assets4.47%


Market Cap$12.53 billion

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 earnings results on Tuesday, October, 30th. The company reported $3.33 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $3.09 by $0.24. The business earned $5.06 billion during the quarter, compared to the consensus estimate of $5.06 billion. WellCare Health Plans had a return on equity of 15.45% and a net margin of 2.38%. The business's quarterly revenue was up 14.9% on a year-over-year basis. During the same period in the previous year, the business earned $4.08 EPS. View WellCare Health Plans' Earnings History.

When is WellCare Health Plans' next earnings date?

WellCare Health Plans is scheduled to release their next quarterly earnings announcement on Tuesday, February 5th 2019. View Earnings Estimates for WellCare Health Plans.

How can I listen to WellCare Health Plans' earnings call?

WellCare Health Plans will be holding an earnings conference call on Tuesday, February 5th at 9:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8444923724.

What guidance has WellCare Health Plans issued on next quarter's earnings?

WellCare Health Plans issued an update on its FY19 earnings guidance on Monday, January, 7th. The company provided earnings per share (EPS) guidance of $13.15-13.40 for the period, compared to the Thomson Reuters consensus EPS estimate of $13.43.

What price target have analysts set for WCG?

15 analysts have issued 1 year target prices for WellCare Health Plans' shares. Their predictions range from $250.00 to $365.00. On average, they anticipate WellCare Health Plans' stock price to reach $307.4286 in the next year. This suggests a possible upside of 17.5% from the stock's current price. View Analyst Price Targets for WellCare Health Plans.

What is the consensus analysts' recommendation for WellCare Health Plans?

15 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 13 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?

News articles about WCG stock have trended somewhat negative on Wednesday, according to InfoTrie Sentiment. The research firm scores the sentiment of news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. WellCare Health Plans earned a media sentiment score of -1.2 on InfoTrie's scale. They also assigned news coverage about the company a news buzz of 5.0 out of 10, meaning that recent news coverage is somewhat likely to have an impact on the company's share price in the near future.

Are investors shorting WellCare Health Plans?

WellCare Health Plans saw a increase in short interest in December. As of December 14th, there was short interest totalling 2,378,121 shares, an increase of 46.2% from the November 30th total of 1,626,965 shares. Based on an average daily trading volume, of 1,061,555 shares, the days-to-cover ratio is presently 2.2 days. Currently, 4.8% of the shares of the company are short sold. View WellCare Health Plans' Current Options Chain.

Who are some of WellCare Health Plans' key competitors?

Some companies that are related to WellCare Health Plans include Cigna (CI), Humana (HUM), Centene (CNC), Molina Healthcare (MOH), Trupanion (TRUP) and Advanzeon Solutions (CHCR).

Who are WellCare Health Plans' key executives?

WellCare Health Plans' 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)

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 Retirement Systems of Alabama (0.26%), Copper Rock Capital Partners LLC (0.12%), Boston Advisors LLC (0.04%), State of Alaska Department of Revenue (0.02%), Gulf International Bank UK Ltd (0.02%) and Dorsey Wright & Associates (0.02%). 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 Boston Advisors LLC, First Hawaiian Bank, Dorsey Wright & Associates and Louisiana State Employees Retirement System. 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 Retirement Systems of Alabama, Copper Rock Capital Partners LLC, Gulf International Bank UK Ltd, QUANTRES ASSET MANAGEMENT Ltd, Virtu Financial LLC, State of Alaska Department of Revenue, CENTRAL TRUST Co and BKD Wealth Advisors LLC. 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 $261.57.

How big of a company is WellCare Health Plans?

WellCare Health Plans has a market capitalization of $12.53 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 Health Plans employs 8,900 workers across the globe.

What is WellCare Health Plans' official website?

The official website for WellCare Health Plans is http://www.wellcare.com.

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)

Community Ranking:  2.0 out of 5 (star star)
Outperform Votes:  333 (Vote Outperform)
Underperform Votes:  483 (Vote Underperform)
Total Votes:  816
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.
This page was last updated on 1/16/2019 by MarketBeat.com Staff

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