Keith H. Williamson Sells 5,000 Shares of Centene Corporation (NYSE:CNC) Stock

Centene Corporation (NYSE:CNC) EVP Keith H. Williamson sold 5,000 shares of the business’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $100.11, for a total transaction of $500,550.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Centene Corporation (CNC) traded down $0.17 during trading hours on Thursday, reaching $105.80. The company’s stock had a trading volume of 920,800 shares, compared to its average volume of 1,157,529. The company has a market cap of $18,310.00, a PE ratio of 21.86, a P/E/G ratio of 1.32 and a beta of 0.70. Centene Corporation has a 12-month low of $61.03 and a 12-month high of $106.74. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.99 and a quick ratio of 0.99.

Centene (NYSE:CNC) last announced its quarterly earnings results on Tuesday, October 24th. The company reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.11. The company had revenue of $11.90 billion during the quarter, compared to analysts’ expectations of $11.75 billion. Centene had a return on equity of 14.79% and a net margin of 1.81%. Centene’s revenue was up 9.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.12 EPS. sell-side analysts expect that Centene Corporation will post 4.99 EPS for the current fiscal year.

Several brokerages recently issued reports on CNC. Goldman Sachs Group began coverage on shares of Centene in a research report on Wednesday, January 3rd. They set a “buy” rating and a $135.00 price target on the stock. ValuEngine upgraded shares of Centene from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Zacks Investment Research upgraded shares of Centene from a “hold” rating to a “strong-buy” rating and set a $117.00 price target on the stock in a research report on Tuesday, December 26th. Oppenheimer upped their price target on shares of Centene from $111.00 to $122.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 20th. Finally, Jefferies Group upped their price target on shares of Centene from $112.00 to $115.00 and gave the stock a “buy” rating in a research report on Monday, December 18th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $104.21.

Several hedge funds have recently made changes to their positions in CNC. Ameriprise Financial Inc. increased its stake in shares of Centene by 318.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 3,504,359 shares of the company’s stock valued at $279,882,000 after acquiring an additional 2,667,189 shares during the last quarter. AJO LP bought a new stake in shares of Centene in the 2nd quarter valued at about $100,314,000. Vanguard Group Inc. increased its stake in shares of Centene by 4.9% in the 2nd quarter. Vanguard Group Inc. now owns 16,726,500 shares of the company’s stock valued at $1,336,113,000 after acquiring an additional 774,474 shares during the last quarter. Epoch Investment Partners Inc. increased its stake in shares of Centene by 298.0% in the 3rd quarter. Epoch Investment Partners Inc. now owns 997,346 shares of the company’s stock valued at $96,513,000 after acquiring an additional 746,783 shares during the last quarter. Finally, Numeric Investors LLC increased its stake in shares of Centene by 270.1% in the 2nd quarter. Numeric Investors LLC now owns 1,001,500 shares of the company’s stock valued at $80,000,000 after acquiring an additional 730,900 shares during the last quarter. 91.84% of the stock is owned by institutional investors.

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About Centene

Centene Corporation is a healthcare company. The Company provides a portfolio of services to government sponsored healthcare programs, focusing on under-insured and uninsured individuals. The Company operates through two segments: Managed Care and Specialty Services. The Company’s Managed Care segment provides health plan coverage to individuals, through government subsidized programs, including Medicaid, the State Children’s Health Insurance Program (CHIP), Long Term Care, Foster Care, dual-eligible individuals (Duals) and the Supplemental Security Income Program, also known as the Aged, Blind or Disabled Program (ABD), Medicare, and Health Insurance Marketplace.

Insider Buying and Selling by Quarter for Centene (NYSE:CNC)

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