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Top 3 Companies in the Managed Health Care Industry With the Highest Beta (WCG, HNT, MOH)

Published on Wed, 03/13/2013 - 10:29
By Adrienne Chilton

Below are the three companies in the Managed Health Care industry with the highest betas. Higher-beta stocks mean greater volatility and are therefore generally considered to be riskier but also may provide the potential for higher returns.

WellCare Health Plans (NYSE:WCG) is highest with a beta of 1.3. WellCare Health Plans Inc provides managed care services targeted exclusively to government-sponsored healthcare programs. The Company operates health plans in multiple states.

WellCare Health Plans has overhead space with shares priced $57.33, or 14.3% below the average consensus analyst price target of $66.90. The stock should discover initial support at its 200-day moving average (MA) of $54.20 and subsequent support at its 50-day MA of $52.68.

Following is Health Net (NYSE:HNT) with a beta of 1.3.

Finishing up the top three is Molina Healthcare (NYSE:MOH), with a beta of 1.2.

By Adrienne Chilton