The EVP, Chief of Staff & CCO of WellCare Health Plans (WCG) is Selling Shares

Today, the EVP, Chief of Staff & CCO of WellCare Health Plans (WCG), Yount Michael, sold shares of WCG for $506.3K.

In addition to Yount Michael, 4 other WCG executives reported Sell trades in the last month.

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Based on WellCare Health Plans’ latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $5.06 billion and quarterly net profit of $131 million. In comparison, last year the company earned revenue of $4.4 billion and had a net profit of $172 million. WCG’s market cap is $12.61B and the company has a P/E ratio of 26.17. Currently, WellCare Health Plans has an average volume of 1.52M.

Based on 8 analyst ratings, the analyst consensus is Strong Buy with an average price target of $334.00, reflecting a 36.8% upside.

In the last 30 days, insiders have sold $2.43M worth of WCG shares and purchased $300.2K worth of WCG shares. The insider sentiment on WellCare Health Plans has been negative according to 36 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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WellCare Health Plans, Inc. engages in the provision of government-sponsored managed care services through Medicaid, Medicare Advantage, and Medicare Prescription Drug Plans to families, children, seniors, and individuals with complex medical needs. It operates through the following segments: Medicaid Health Plans, Medicare Health Plans, and Medicare PDPs.