26,125 Shares in Centene Corporation $CNC Purchased by Centaurus Financial Inc.

Centaurus Financial Inc. bought a new position in Centene Corporation (NYSE:CNC) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 26,125 shares of the company’s stock, valued at approximately $932,000.

Several other institutional investors also recently made changes to their positions in CNC. UniSuper Management Pty Ltd lifted its stake in Centene by 66.0% in the third quarter. UniSuper Management Pty Ltd now owns 85,232 shares of the company’s stock valued at $3,041,000 after buying an additional 33,875 shares during the last quarter. Packer & Co Ltd bought a new position in shares of Centene during the third quarter worth about $50,487,000. ARGA Investment Management LP acquired a new stake in shares of Centene in the 3rd quarter worth about $21,485,000. First Citizens Bank & Trust Co. lifted its position in Centene by 122.5% in the 3rd quarter. First Citizens Bank & Trust Co. now owns 223,157 shares of the company’s stock valued at $7,962,000 after purchasing an additional 122,870 shares during the last quarter. Finally, Oracle Investment Management Inc. acquired a new position in Centene during the 3rd quarter valued at about $3,936,000. 93.63% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Sanford C. Bernstein restated an “outperform” rating and issued a $59.00 price target on shares of Centene in a research note on Tuesday, January 6th. Argus upgraded Centene to a “hold” rating in a research report on Monday, February 9th. Mizuho set a $41.00 target price on Centene and gave the company a “neutral” rating in a research report on Tuesday, March 10th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Centene in a research note on Wednesday, January 21st. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $41.00 price target on shares of Centene in a research note on Monday, February 9th. Three research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Centene currently has an average rating of “Hold” and a consensus target price of $41.81.

Centene Trading Down 1.6%

Centene stock opened at $35.57 on Friday. Centene Corporation has a 12-month low of $25.08 and a 12-month high of $66.03. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.10 and a quick ratio of 1.10. The stock has a market capitalization of $17.49 billion, a PE ratio of -2.61, a price-to-earnings-growth ratio of 0.80 and a beta of 0.48. The firm has a 50 day simple moving average of $41.98 and a 200-day simple moving average of $38.51.

Centene (NYSE:CNC) last announced its earnings results on Friday, February 6th. The company reported ($1.19) EPS for the quarter, topping the consensus estimate of ($1.22) by $0.03. The firm had revenue of $49.73 billion for the quarter, compared to analysts’ expectations of $48.41 billion. Centene had a positive return on equity of 4.25% and a negative net margin of 3.43%.The firm’s quarterly revenue was up 21.9% compared to the same quarter last year. During the same quarter in the previous 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, equities research analysts expect that Centene Corporation will post 6.86 EPS for the current fiscal year.

About Centene

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.