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WellCare Health Plans, Inc.

WCG.N

Latest Trade

270.04USD

Change

1.62(+0.60%)

Volume

132,852

Today's Range

269.13

 - 

272.42

52 Week Range

220.80

 - 

324.72

As of on the New York Stock Exchange ∙ Minimum 15 minute delay

Pricing

Previous Close
268.42
Open
269.13
Volume
132,852
3M AVG Volume
9.93
Today's High
272.42
Today's Low
269.13
52 Week High
324.72
52 Week Low
220.80
Shares Out (MIL)
50.31
Market Cap (MIL)
13,504.77
Forward P/E
19.18
Dividend (Yield %)
--

Next Event

Q3 2019 WellCare Health Plans Inc Earnings Release

Latest Developments

More

Centene And Wellcare Announce State Insurance Department Approvals For Pending Merger

Wellcare Reports Second Quarter 2019 Results

Centene Says There May Be Able To Close WellCare Deal "Earlier" In 2020

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About WellCare Health Plans, Inc.

WellCare Health Plans, Inc. is a managed care company. The Company focuses 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 medical needs. The Company operates through three segments: Medicaid Health Plans, Medicare Health Plans and Medicare PDPs. As of December 31, 2016, it served approximately 3.9 million members in 50 states and the District of Columbia. As of December 31, 2016, it operated Medicaid health plans in Arizona, Florida, Georgia, Hawaii, Illinois, Kentucky, Missouri, New Jersey, New York and South Carolina. As of December 31, 2016, it offered MA coordinated care plans (CCPs) in certain counties in Arizona, Arkansas, California, Connecticut, Florida, Georgia, Hawaii, Illinois, Kentucky, Louisiana, Mississippi, New Jersey, New York, South Carolina, Tennessee and Texas.

Industry

Healthcare Facilities

Contact Info

8735 Henderson Rd

+1.813.2906200

http://www.wellcare.com

Executive Leadership

Christian P. Michalik

Non-Executive Independent Chairman of the Board

Kenneth A. Burdick

Chief Executive Officer

Andrew L. Asher

Chief Financial Officer, Executive Vice President

Timothy N. Trodden

Chief Human Resource Officer, Executive Vice President

Darren Ghanayem

Executive Vice President, Chief Information Officer

Key Stats

2.62 mean rating - 13 analysts
Sell
Hold
Buy
Revenue (MM, USD)

2016

14.2K

2017

17.0K

2018

20.4K

2019(E)

27.2K
EPS (USD)

2016

5.960

2017

8.520

2018

11.030

2019(E)

13.995
Price To Earnings (TTM)
25.71
Price To Sales (TTM)
0.54
Price To Book (MRQ)
2.93
Price To Cash Flow (TTM)
17.53
Total Debt To Equity (MRQ)
45.15
LT Debt To Equity (MRQ)
45.15
Return on Investment (TTM)
8.91
Return on Equity (TTM)
4.49

Latest News

Centene Corp posts 65% rise in second-quarter profit

Centene Corp, which is buying smaller rival WellCare Health Plans Inc, on Tuesday reported a 65% rise in quarterly profit, helped by higher sales of its Medicaid health plans for low-income people.

Centene, WellCare win shareholder support for $15.27 billion deal

Shareholders of Centene Corp and WellCare Health Plans Inc voted in favor of a merger of the health insurers, setting the stage for the creation of a major new player in government-sponsored healthcare plans.

Centene, WellCare win shareholder support for $15.27 billion deal

Shareholders of Centene Corp and WellCare Health Plans Inc voted in favor of a merger of the two health insurers, setting the stage for the creation of a major new player in government-sponsored healthcare plans.

U.S. proxy firm ISS backs Centene's deal for WellCare

Institutional Shareholder Services has shown support for Centene Corporation's planned acquisition of smaller rival WellCare Health Plans Inc by recommending shareholders favor the deal, the health insurers said on Wednesday.

Proxy firm ISS backs Centene's deal for WellCare

Institutional Shareholder Services has recommended stockholders to vote in favor of Centene Corporation's planned acquisition of smaller rival WellCare Health Plans Inc, the health insurers said on Wednesday.

Humana says will not bid for Centene Corp

Humana Inc said on Monday it would not bid for Centene Corp, quelling speculation that it would acquire the health insurer that has already agreed to buy smaller rival WellCare Health Plans Inc for $15.27 billion.

Exclusive: Hedge funds target Centene, may oppose WellCare deal - sources

Hedge funds Corvex Management LP and Sachem Head Capital Management LP have built stakes in U.S. health insurer Centene Corp and are exploring challenging its planned $17.3 billion acquisition of WellCare Health Plans Inc, people familiar with the matter said on Monday.

UPDATE 5-U.S. health insurer Centene to buy smaller rival WellCare for $15.3 bln

* Offer of $305.39/shr a 32 pct premium to WCG Tuesday close (Adds details about succession, CVS contract, analyst quote; updates shares)

Health insurer Centene to buy smaller rival WellCare for $15.27 bln

U.S. health insurer Centene Corp will buy smaller rival WellCare Health Plans Inc for $15.27 billion in a cash-and-stock deal.

U.S. health insurer Centene in talks to buy WellCare: sources

U.S. health insurer Centene Corp is in advanced talks to buy smaller rival WellCare Health Plans Inc, according to two people familiar with the matter, a move that would create a bigger player focused on government-backed health insurance plans.

U.S. health insurer Centene in talks to buy WellCare -sources

U.S. health insurer Centene Corp is in advanced talks to buy smaller rival WellCare Health Plans Inc, according to two people familiar with the matter.

Aetna, seeking antitrust nod, sells Medicare drug business to WellCare

Health insurer Aetna Inc <AET.N> said on Thursday it will sell its standalone Medicare prescription drug plan business to WellCare Health Plans Inc <WCG.N> as it seeks U.S. antitrust approval for a planned acquisition by CVS Health Corp <CVS.N>.

Aetna to sell one of its prescription plan units to WellCare

Health insurer Aetna Inc said on Thursday it would sell its Medicare Part D prescription drug plan business to WellCare Health Plans Inc to obtain U.S. approval for its planned $69 billion deal to merge with CVS Health Corp.

WellCare Health to buy Meridian Health Plans for $2.5 billion

WellCare Health Plans Inc said on Tuesday it would buy Meridian Health Plans of Michigan and Illinois for $2.5 billion in cash to become the top Medicaid provider in those states.

WellCare Health to buy Meridian for $2.5 bln

Health insurer WellCare Health Plans Inc said on Tuesday it agreed to buy for-profit managed care company Meridian for $2.5 billion in cash.

BRIEF-Wellcare Health Plans Reports Q1 Adjusted Earnings Per Share Of $2.47

* Q1 EARNINGS PER SHARE VIEW $2.02 -- THOMSON REUTERS I/B/E/S

BRIEF-Wellcare Health Plans Inc Says CEO Kenneth A. Burdick's 2017 Total Compensation Was $11.3 Mln Vs $9.3 Mln In 2016

* WELLCARE HEALTH PLANS INC SAYS CEO KENNETH A. BURDICK'S 2017 TOTAL COMPENSATION WAS $11.3 MILLION VERSUS $9.3 MILLION IN 2016 – SEC FILING Source text: (https://bit.ly/2HiZ44Z) Further company coverage:

BRIEF-Wellcare Reports Q4 Adjusted Earnings Per Share $0.32

* RAISES FY 2018 ADJUSTED EARNINGS PER SHARE VIEW TO $9.55 TO $9.85

BRIEF-WellCare Issues 2018 Annual Guidance

* FY2018 EARNINGS PER SHARE VIEW $8.67 -- THOMSON REUTERS I/B/E/S

UPDATE 1-WellCare Health forecasts FY 2018 adj. profit below estimates

Insurer WellCare Health Plans Inc on Monday forecast its full-year 2018 adjusted profit below analysts' estimates, largely due to higher interest expenses.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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