|Bid||265.39 x 800|
|Ask||265.61 x 800|
|Day's Range||264.17 - 267.64|
|52 Week Range||220.63 - 321.52|
|Beta (3Y Monthly)||1.05|
|PE Ratio (TTM)||25.45|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
At Insider Monkey we track the activity of some of the best-performing hedge funds like Appaloosa Management, Baupost, and Tiger Global because we determined that some of the stocks that they are collectively bullish on can help us generate returns above the broader indices. Out of thousands of stocks that hedge funds invest in, small-caps […]
Centene Corp and Wellcare Health Plans Inc have agreed to sell Wellcare's Missouri and Nebraska Medicaid plans for people with low income to Anthem Inc , as the companies look to close their $15.27 billion deal. Centene and WellCare said in June they had received a request for additional information from the U.S. Department of Justice on the deal. The deal, which was met with criticism by hedge funds that saw Centene as a good target for Humana Inc, a larger Medicare-focused company, won shareholder support in June.
Banking on a rising revenue base and an inorganic growth strategy, Centene (CNC) holds enough potential to reap benefits for investors.
Riding on increasing membership and inorganic growth strategies, WellCare Health (WCG) holds potential to reap benefits for investors. Besides, the company inks a merger deal with Centene in 2020.
A federal judge reviewing a Justice Department decision to allow U.S. pharmacy chain and benefits manager CVS Health Corp to merge with health insurer Aetna said on Wednesday that the agreement was in fact legal under antitrust law. Judge Richard Leon of U.S. District Court for the District of Columbia had been examining a government plan announced in October to allow the merger on condition that Aetna sell its Medicare prescription drug plan business to WellCare Health Plans Inc. Both deals have already closed. Leon had initially balked at approving the merger conditions and insisted on hearing from critics of the deal, but finally decided to grant the motion to approve the consent agreement.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Centene Corporation and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
WellCare Health Plans Inc. plans to hire 300 employees in North Carolina to support the state's transition to Medicaid managed care. The state is expected to begin implementing the new managed-care plan in November. WellCare said it was looking for care managers, social workers and behavioral health professionals, as well as people to work in operations, member and provider outreach and finance. Shares of WellCare have gained 23.8% in the year to date through Wednesday, while the S&P 500 has gained 20.2%.
WellCare (WCG) delivered earnings and revenue surprises of 5.12% and 6.12%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?