MetLife Investment Advisors LLC Trims Stake in WellCare Health Plans, Inc. (NYSE:WCG)

MetLife Investment Advisors LLC cut its position in shares of WellCare Health Plans, Inc. (NYSE:WCG) by 0.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 14,211 shares of the company’s stock after selling 86 shares during the quarter. MetLife Investment Advisors LLC’s holdings in WellCare Health Plans were worth $3,833,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Allstate Corp bought a new stake in shares of WellCare Health Plans in the first quarter worth about $239,000. Clearbridge Investments LLC grew its stake in shares of WellCare Health Plans by 169.4% in the first quarter. Clearbridge Investments LLC now owns 183,623 shares of the company’s stock worth $49,532,000 after purchasing an additional 115,471 shares during the last quarter. CNH Partners LLC bought a new stake in shares of WellCare Health Plans in the first quarter worth about $63,391,000. SG3 Management LLC bought a new stake in shares of WellCare Health Plans in the first quarter worth about $1,349,000. Finally, Fort L.P. boosted its position in WellCare Health Plans by 7.3% during the 1st quarter. Fort L.P. now owns 13,654 shares of the company’s stock valued at $3,683,000 after acquiring an additional 930 shares in the last quarter. Institutional investors and hedge funds own 98.97% of the company’s stock.

Several research firms have weighed in on WCG. Zacks Investment Research cut Genprex from a “hold” rating to a “sell” rating in a research report on Thursday, April 18th. Credit Suisse Group lifted their price objective on JPMorgan Chase & Co. from $128.00 to $132.00 and gave the company an “outperform” rating in a research report on Monday, April 15th. Wells Fargo & Co reaffirmed a “hold” rating and set a $11.00 price objective on shares of Coty in a research report on Wednesday, May 8th. Finally, BMO Capital Markets set a C$106.00 price objective on FirstService and gave the company a “market perform” rating in a research report on Monday, June 3rd. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $311.85.

NYSE WCG traded up $5.63 during mid-day trading on Friday, reaching $292.39. The stock had a trading volume of 316,503 shares, compared to its average volume of 514,545. WellCare Health Plans, Inc. has a 1 year low of $220.63 and a 1 year high of $324.99. The firm has a market cap of $14.71 billion, a PE ratio of 26.51, a PEG ratio of 1.44 and a beta of 0.99. The business’s fifty day moving average price is $285.14. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.48.

WellCare Health Plans (NYSE:WCG) last issued its quarterly earnings data on Tuesday, April 30th. The company reported $3.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.10 by $0.59. The firm had revenue of $6.76 billion during the quarter, compared to the consensus estimate of $6.56 billion. WellCare Health Plans had a net margin of 2.17% and a return on equity of 15.47%. The company’s revenue for the quarter was up 45.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.47 EPS. On average, research analysts expect that WellCare Health Plans, Inc. will post 13.93 earnings per share for the current year.

About WellCare Health Plans

WellCare Health Plans, Inc provides government-sponsored managed care services. The company operates in three segments: Medicaid Health Plans, Medicare Health Plans, and Medicare Prescription Drug Plans (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 programs 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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