Northwestern Mutual Investment Management Company LLC reduced its stake in shares of Centene Corp. (NYSE:CNC) by 1.4% during the second quarter, Holdings Channel reports. The fund owned 6,503 shares of the company’s stock after selling 90 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in Centene Corp. were worth $464,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of CNC. RFG Advisory Group LLC increased its stake in Centene Corp. by 0.5% in the second quarter. RFG Advisory Group LLC now owns 5,900 shares of the company’s stock valued at $421,000 after buying an additional 32 shares during the last quarter. Teacher Retirement System of Texas increased its stake in Centene Corp. by 0.5% in the second quarter. Teacher Retirement System of Texas now owns 12,134 shares of the company’s stock valued at $866,000 after buying an additional 55 shares during the last quarter. Blair William & Co. IL increased its stake in Centene Corp. by 0.9% in the second quarter. Blair William & Co. IL now owns 6,857 shares of the company’s stock valued at $489,000 after buying an additional 62 shares during the last quarter. Bremer Trust National Association increased its stake in Centene Corp. by 0.9% in the second quarter. Bremer Trust National Association now owns 7,525 shares of the company’s stock valued at $537,000 after buying an additional 66 shares during the last quarter. Finally, CIBC Asset Management Inc increased its stake in Centene Corp. by 0.6% in the second quarter. CIBC Asset Management Inc now owns 17,051 shares of the company’s stock valued at $1,217,000 after buying an additional 108 shares during the last quarter. 92.90% of the stock is owned by institutional investors and hedge funds.

Shares of Centene Corp. (NYSE:CNC) opened at 67.42 on Tuesday. The stock has a market cap of $11.51 billion, a price-to-earnings ratio of 26.02 and a beta of 1.00. The company has a 50-day moving average price of $68.74 and a 200-day moving average price of $65.14. Centene Corp. has a 1-year low of $47.36 and a 1-year high of $75.57.

Centene Corp. (NYSE:CNC) last announced its earnings results on Tuesday, July 26th. The company reported $1.29 EPS for the quarter, topping the consensus estimate of $1.09 by $0.20. The firm had revenue of $10.90 billion for the quarter, compared to the consensus estimate of $10.80 billion. Centene Corp. had a net margin of 1.19% and a return on equity of 14.27%. The business’s quarterly revenue was up 97.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.72 EPS. On average, equities analysts expect that Centene Corp. will post $4.37 earnings per share for the current fiscal year.

Several analysts have recently weighed in on the company. Cantor Fitzgerald reissued a “buy” rating on shares of Centene Corp. in a report on Saturday, June 4th. Vetr downgraded Centene Corp. from a “strong-buy” rating to a “buy” rating and set a $81.00 target price for the company. in a report on Tuesday, July 12th. Sanford C. Bernstein assumed coverage on Centene Corp. in a report on Thursday, June 16th. They issued a “market perform” rating and a $76.00 target price for the company. Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $89.00 target price on shares of Centene Corp. in a report on Monday, June 20th. Finally, Cowen and Company reissued a “buy” rating on shares of Centene Corp. in a report on Monday, June 20th. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Centene Corp. has a consensus rating of “Buy” and a consensus price target of $81.00.

In other news, EVP Keith H. Williamson sold 4,000 shares of the business’s stock in a transaction dated Friday, June 24th. The shares were sold at an average price of $70.00, for a total transaction of $280,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Richard A. Gephardt sold 15,910 shares of the business’s stock in a transaction dated Wednesday, June 29th. The stock was sold at an average price of $68.89, for a total transaction of $1,096,039.90. The disclosure for this sale can be found here. 4.50% of the stock is currently owned by corporate insiders.

Centene Corp. Company Profile

Centene Corporation is a diversified healthcare company that provides programs and services to government sponsored healthcare programs. The Company also provides education and outreach programs to inform and assist members in accessing appropriate healthcare services. The Company operates through two segments.

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