Theodore R. Samuels II Acquires 5,000 Shares of Centene Co. (NYSE:CNC) Stock

Centene Co. (NYSE:CNCGet Free Report) Director Theodore R. Samuels II bought 5,000 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The stock was acquired at an average price of $58.86 per share, for a total transaction of $294,300.00. Following the completion of the acquisition, the director now directly owns 23,000 shares in the company, valued at approximately $1,353,780. This represents a 27.78 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Centene Stock Performance

Shares of CNC stock opened at $59.49 on Thursday. The firm has a market cap of $30.03 billion, a P/E ratio of 10.33, a PEG ratio of 0.78 and a beta of 0.46. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.10 and a quick ratio of 1.10. Centene Co. has a fifty-two week low of $55.03 and a fifty-two week high of $81.42. The stock’s 50-day moving average is $61.25 and its two-hundred day moving average is $68.35.

Institutional Trading of Centene

Institutional investors have recently added to or reduced their stakes in the business. Vantage Investment Partners LLC raised its holdings in shares of Centene by 17.1% during the 3rd quarter. Vantage Investment Partners LLC now owns 683,817 shares of the company’s stock valued at $51,478,000 after purchasing an additional 99,904 shares in the last quarter. State Street Corp raised its holdings in Centene by 0.5% during the third quarter. State Street Corp now owns 23,468,159 shares of the company’s stock valued at $1,766,683,000 after buying an additional 111,654 shares in the last quarter. National Pension Service boosted its stake in shares of Centene by 15.4% during the 3rd quarter. National Pension Service now owns 1,435,482 shares of the company’s stock worth $108,063,000 after acquiring an additional 191,768 shares in the last quarter. Daiwa Securities Group Inc. increased its holdings in shares of Centene by 31.1% during the 3rd quarter. Daiwa Securities Group Inc. now owns 118,810 shares of the company’s stock valued at $8,944,000 after acquiring an additional 28,175 shares during the last quarter. Finally, Investment Management Corp of Ontario boosted its position in Centene by 273.5% during the third quarter. Investment Management Corp of Ontario now owns 44,285 shares of the company’s stock worth $3,334,000 after purchasing an additional 32,428 shares during the period. 93.63% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have issued reports on CNC. Wells Fargo & Company dropped their price target on Centene from $91.00 to $90.00 and set an “overweight” rating on the stock in a report on Monday, November 4th. Sanford C. Bernstein cut their target price on Centene from $96.00 to $88.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 30th. Truist Financial decreased their price target on Centene from $89.00 to $84.00 and set a “buy” rating for the company in a research report on Friday, December 13th. Robert W. Baird cut their price objective on Centene from $83.00 to $66.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. Finally, Oppenheimer decreased their target price on shares of Centene from $95.00 to $85.00 and set an “outperform” rating for the company in a report on Friday, December 13th. One analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $80.92.

Get Our Latest Stock Analysis on Centene

About Centene

(Get Free Report)

Centene Corporation operates as a healthcare enterprise that provides programs and services to under-insured and uninsured families, commercial organizations, and military families in the United States. The company operates through Medicaid, Medicare, Commercial, and Other segments. The Medicaid segment offers health plan coverage, including medicaid expansion, aged, blind, disabled, children’s health insurance program, foster care, medicare-medicaid plans, long-term services and support.

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