Centene Corporation $CNC Stock Holdings Lessened by American Century Companies Inc.

American Century Companies Inc. cut its holdings in Centene Corporation (NYSE:CNC) by 73.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 740,087 shares of the company’s stock after selling 2,009,296 shares during the period. American Century Companies Inc. owned about 0.15% of Centene worth $26,406,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Argent Trust Co lifted its holdings in Centene by 6.5% in the third quarter. Argent Trust Co now owns 14,712 shares of the company’s stock worth $525,000 after acquiring an additional 897 shares during the last quarter. Aster Capital Management DIFC Ltd grew its holdings in shares of Centene by 170.9% during the third quarter. Aster Capital Management DIFC Ltd now owns 11,583 shares of the company’s stock valued at $413,000 after purchasing an additional 7,307 shares during the last quarter. Harbor Advisors LLC acquired a new stake in shares of Centene during the 3rd quarter worth approximately $428,000. Banco Santander S.A. lifted its holdings in shares of Centene by 3.2% in the 3rd quarter. Banco Santander S.A. now owns 117,229 shares of the company’s stock worth $4,183,000 after purchasing an additional 3,650 shares during the last quarter. Finally, Diversify Wealth Management LLC boosted its position in Centene by 13.6% during the 3rd quarter. Diversify Wealth Management LLC now owns 9,367 shares of the company’s stock valued at $323,000 after purchasing an additional 1,119 shares during the period. Institutional investors and hedge funds own 93.63% of the company’s stock.

Centene Trading Up 1.0%

Shares of CNC stock opened at $43.70 on Monday. Centene Corporation has a 1 year low of $25.08 and a 1 year high of $66.03. The firm has a market capitalization of $21.49 billion, a PE ratio of -3.21, a price-to-earnings-growth ratio of 0.97 and a beta of 0.48. The stock has a fifty day moving average of $43.25 and a two-hundred day moving average of $38.18. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.10 and a current ratio of 1.10.

Centene (NYSE:CNC) last issued its quarterly earnings results on Friday, February 6th. The company reported ($1.19) EPS for the quarter, beating analysts’ consensus estimates of ($1.22) by $0.03. The company had revenue of $49.73 billion for the quarter, compared to analyst estimates of $48.41 billion. Centene had a positive return on equity of 4.25% and a negative net margin of 3.43%.The company’s quarterly revenue was up 21.9% compared to the same quarter last year. During the same period last year, the company earned $0.80 earnings per share. Centene has set its FY 2026 guidance at 3.000-3.000 EPS. As a group, research analysts expect that Centene Corporation will post 6.86 EPS for the current year.

Analyst Ratings Changes

Several brokerages have weighed in on CNC. Wall Street Zen lowered Centene from a “buy” rating to a “hold” rating in a research report on Sunday, February 15th. Robert W. Baird boosted their price target on shares of Centene from $28.00 to $36.00 and gave the company a “neutral” rating in a report on Thursday, December 11th. Mizuho set a $47.00 price objective on shares of Centene in a report on Friday, January 9th. Weiss Ratings reiterated a “sell (d)” rating on shares of Centene in a research report on Wednesday, January 21st. Finally, Jefferies Financial Group reduced their target price on shares of Centene from $43.00 to $37.00 and set a “hold” rating for the company in a research note on Friday, February 13th. Three research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Centene currently has an average rating of “Hold” and a consensus target price of $42.44.

Centene Company Profile

Centene Corporation (NYSE: CNC) is a diversified, multi-national healthcare enterprise that specializes in providing services to government-sponsored and national health programs. The company primarily acts as a managed care organization, delivering healthcare coverage and administering benefits for Medicaid, the Children’s Health Insurance Program (CHIP), Medicare Advantage, and individual marketplace plans. Centene also contracts with federal and state agencies to manage specialty care programs and community-based services for vulnerable populations.

Centene’s offerings extend beyond traditional insurance to include a range of specialty and support services.