Great West Life Assurance Co. Can raised its stake in shares of Centene Corporation (NYSE:CNC) by 0.7% during the second quarter, Holdings Channel reports. The fund owned 120,847 shares of the company’s stock after buying an additional 882 shares during the period. Great West Life Assurance Co. Can’s holdings in Centene Corporation were worth $9,635,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Cleararc Capital Inc. raised its position in shares of Centene Corporation by 0.8% in the first quarter. Cleararc Capital Inc. now owns 4,198 shares of the company’s stock valued at $299,000 after buying an additional 35 shares during the last quarter. Somerset Trust Co raised its position in shares of Centene Corporation by 0.5% in the second quarter. Somerset Trust Co now owns 8,102 shares of the company’s stock valued at $647,000 after buying an additional 40 shares during the last quarter. ING Groep NV raised its position in shares of Centene Corporation by 0.4% in the second quarter. ING Groep NV now owns 13,239 shares of the company’s stock valued at $1,058,000 after buying an additional 48 shares during the last quarter. Wesbanco Bank Inc. raised its position in shares of Centene Corporation by 0.6% in the first quarter. Wesbanco Bank Inc. now owns 8,150 shares of the company’s stock valued at $581,000 after buying an additional 50 shares during the last quarter. Finally, Probity Advisors Inc. raised its position in shares of Centene Corporation by 0.9% in the first quarter. Probity Advisors Inc. now owns 5,467 shares of the company’s stock valued at $390,000 after buying an additional 50 shares during the last quarter. 93.61% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Centene Corporation (CNC) opened at 81.41 on Friday. The firm’s 50-day moving average is $82.26 and its 200-day moving average is $74.36. The firm has a market cap of $14.04 billion, a P/E ratio of 17.86 and a beta of 0.66. Centene Corporation has a 1-year low of $50.00 and a 1-year high of $87.94.

Centene Corporation (NYSE:CNC) last posted its quarterly earnings results on Tuesday, July 25th. The company reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.30 by $0.29. Centene Corporation had a return on equity of 14.62% and a net margin of 1.72%. The business had revenue of $11.95 billion for the quarter, compared to analysts’ expectations of $11.69 billion. During the same quarter in the prior year, the business earned $1.29 EPS. The firm’s revenue for the quarter was up 9.7% on a year-over-year basis. On average, analysts anticipate that Centene Corporation will post $4.92 EPS for the current fiscal year.

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Several brokerages recently weighed in on CNC. Morgan Stanley began coverage on shares of Centene Corporation in a research report on Tuesday, June 6th. They set an “overweight” rating and a $86.00 price objective on the stock. Citigroup Inc. increased their price target on Centene Corporation from $80.00 to $89.00 and gave the company a “sell” rating in a report on Wednesday, July 26th. Zacks Investment Research downgraded Centene Corporation from a “buy” rating to a “hold” rating in a report on Friday, August 4th. ValuEngine downgraded Centene Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, June 13th. Finally, Stifel Nicolaus increased their price target on Centene Corporation from $80.00 to $85.00 and gave the company a “buy” rating in a report on Wednesday, April 26th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and fifteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $86.82.

In related news, SVP Mark J. Brooks sold 2,161 shares of the stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $75.43, for a total value of $163,004.23. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Robert K. Ditmore sold 3,900 shares of the stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $75.43, for a total value of $294,177.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 53,578 shares of company stock worth $4,264,757. 3.00% of the stock is owned by company insiders.

About Centene Corporation

Centene Corporation is a healthcare company. The Company provides a portfolio of services to government sponsored healthcare programs, focusing on under-insured and uninsured individuals. The Company operates through two segments: Managed Care and Specialty Services. The Company’s Managed Care segment provides health plan coverage to individuals, through government subsidized programs, including Medicaid, the State Children’s Health Insurance Program (CHIP), Long Term Care, Foster Care, dual-eligible individuals (Duals) and the Supplemental Security Income Program, also known as the Aged, Blind or Disabled Program (ABD), Medicare, and Health Insurance Marketplace.

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Institutional Ownership by Quarter for Centene Corporation (NYSE:CNC)

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