WellPoint (NYSE:WLP) EVP Samuel Md Nussbaum sold 42,100 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $89.29, for a total value of $3,759,109.00. Following the completion of the transaction, the executive vice president now directly owns 91,463 shares in the company. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
WLP has been the subject of a number of recent research reports. Analysts at Merrill Lynch upgraded shares of WellPoint (NYSE:WLP) from an “underperform” rating to a “neutral” rating in a research note to investors on Friday. Separately, analysts at Bank of America Corp. upgraded shares of WellPoint (NYSE:WLP) from an “underperform” rating to a “neutral” rating in a research note to investors on Friday. They now have a $98.00 price target on the stock, up previously from $90.00. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of WellPoint (NYSE:WLP) in a research note to investors on Thursday, August 15th. They now have a $88.00 price target on the stock, up previously from $86.00.
Sixteen investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $89.71.
WellPoint (NYSE:WLP) traded up 0.57% during mid-day trading on Monday, hitting $89.60. The stock had a trading volume of 419,961 shares. WellPoint has a 1-year low of $53.69 and a 1-year high of $90.00. The stock’s 50-day moving average is $86.58 and its 200-day moving average is $77.21. The company has a market cap of $26.787 billion and a price-to-earnings ratio of 9.71.
WellPoint (NYSE:WLP) last announced its earnings results on Wednesday, July 24th. The company reported $2.60 earnings per share for the quarter, beating the analysts’ consensus estimate of $2.09 by $0.51. The company had revenue of $17.60 billion for the quarter, compared to the consensus estimate of $17.89 billion. During the same quarter last year, the company posted $2.04 earnings per share. WellPoint’s revenue was up 16.0% compared to the same quarter last year. Analysts expect that WellPoint will post $8.26 EPS for the current fiscal year.
WellPoint, Inc (NYSE:WLP) is a health benefit company in terms of medical membership in the United States, serving 34.
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