HB Wealth Management LLC Purchases 17,474 Shares of Centene Corporation $CNC

HB Wealth Management LLC grew its position in Centene Corporation (NYSE:CNC) by 80.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 39,273 shares of the company’s stock after purchasing an additional 17,474 shares during the period. HB Wealth Management LLC’s holdings in Centene were worth $1,616,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. WPG Advisers LLC lifted its holdings in shares of Centene by 44.5% in the third quarter. WPG Advisers LLC now owns 915 shares of the company’s stock valued at $33,000 after purchasing an additional 282 shares in the last quarter. Prime Capital Investment Advisors LLC lifted its holdings in shares of Centene by 5.7% in the fourth quarter. Prime Capital Investment Advisors LLC now owns 5,975 shares of the company’s stock valued at $246,000 after purchasing an additional 324 shares in the last quarter. Burney Co. lifted its holdings in shares of Centene by 3.8% in the fourth quarter. Burney Co. now owns 9,053 shares of the company’s stock valued at $373,000 after purchasing an additional 331 shares in the last quarter. Versant Capital Management Inc lifted its holdings in shares of Centene by 11.6% in the third quarter. Versant Capital Management Inc now owns 3,421 shares of the company’s stock valued at $122,000 after purchasing an additional 355 shares in the last quarter. Finally, Snowden Capital Advisors LLC lifted its holdings in shares of Centene by 8.0% in the second quarter. Snowden Capital Advisors LLC now owns 5,073 shares of the company’s stock valued at $275,000 after purchasing an additional 374 shares in the last quarter. 93.63% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CNC. Robert W. Baird upped their target price on Centene from $36.00 to $37.00 and gave the stock a “neutral” rating in a report on Wednesday, April 15th. Mizuho set a $41.00 price target on Centene and gave the company a “neutral” rating in a research report on Tuesday, March 10th. TD Cowen increased their price target on Centene from $34.00 to $38.00 and gave the company a “hold” rating in a research report on Wednesday, February 11th. Weiss Ratings reissued a “sell (d)” rating on shares of Centene in a research report on Monday, April 20th. Finally, Morgan Stanley increased their price target on Centene from $38.00 to $45.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 4th. Three research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $42.00.

Centene Stock Performance

Shares of NYSE CNC opened at $41.85 on Friday. The stock has a 50 day moving average price of $38.26 and a 200 day moving average price of $39.10. Centene Corporation has a 52 week low of $25.08 and a 52 week high of $64.15. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.10 and a current ratio of 1.10. The stock has a market capitalization of $20.58 billion, a PE ratio of -3.07, a price-to-earnings-growth ratio of 0.91 and a beta of 0.59.

Centene (NYSE:CNC) last released its quarterly earnings data on Friday, February 6th. The company reported ($1.19) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.22) by $0.03. Centene had a positive return on equity of 4.25% and a negative net margin of 3.43%.The company had revenue of $49.73 billion during the quarter, compared to analysts’ expectations of $48.41 billion. During the same period last year, the firm posted $0.80 earnings per share. The business’s revenue was up 21.9% on a year-over-year basis. Centene has set its FY 2026 guidance at 3.000-3.000 EPS. Analysts predict that Centene Corporation will post 3.01 earnings per share for the current fiscal year.

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.