Is WellPoint, Inc. (NYSE:WLP) a good buy?
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Now that that’s out of the way, let’s analyze the newest info surrounding WellPoint, Inc. (NYSE:WLP).
What have hedge funds been doing with WellPoint, Inc. (NYSE:WLP)?
At the end of the second quarter, a total of 50 of the hedge funds we track were bullish in this stock, a change of 14% from the first quarter. With hedgies’ positions undergoing their usual ebb and flow, there exists a select group of noteworthy hedge fund managers who were boosting their holdings substantially.
According to our 13F database, Orbis Investment Management, managed by William B. Gray, holds the most valuable position in WellPoint, Inc. (NYSE:WLP). Orbis Investment Management has a $638.4 million position in the stock, comprising 5.1% of its 13F portfolio. Coming in second is First Eagle Investment Management, managed by Matt McLennan, which held a $513.3 million position; 1.6% of its 13F portfolio is allocated to the company. Other hedge funds with similar optimism include Donald Yacktman’s Yacktman Asset Management, Paul Reeder and Edward Shapiro’s PAR Capital Management and Robert Rodriguez and Steven Romick’s First Pacific Advisors LLC.
As industrywide interest increased, certain bigger names were leading the bulls’ herd. Orbis Investment Management, managed by William B. Gray, created the most outsized position in WellPoint, Inc. (NYSE:WLP). Orbis Investment Management had 638.4 million invested in the company at the end of the quarter. Matt McLennan’s First Eagle Investment Management also initiated a $513.3 million position during the quarter. The other funds with brand new WLP positions are Donald Yacktman’s Yacktman Asset Management, Paul ReederáandáEdward Shapiro’s PAR Capital Management, and Robert Rodriguez and Steven Romick’s First Pacific Advisors LLC.
How have insiders been trading WellPoint, Inc. (NYSE:WLP)?
Insider buying made by high-level executives is at its handiest when the company in question has seen transactions within the past six months. Over the latest 180-day time period, WellPoint, Inc. (NYSE:WLP) has seen zero unique insiders purchasing, and 11 insider sales (see the details of insider trades here).
We’ll also take a look at the relationship between both of these indicators in other stocks similar to WellPoint, Inc. (NYSE:WLP). These stocks are UnitedHealth Group Inc. (NYSE:UNH), Express Scripts Holding Company (NASDAQ:ESRX), Humana Inc (NYSE:HUM), Aetna Inc. (NYSE:AET), and CIGNA Corporation (NYSE:CI). This group of stocks are the members of the health care plans industry and their market caps are similar to WLP’s market cap.