Centene Corporation (NYSE:CNC) shares reached a new 52-week high on Thursday . The stock traded as high as $89.28 and last traded at $88.91, with a volume of 423,151 shares trading hands. The stock had previously closed at $88.32.

Several research firms recently weighed in on CNC. Cantor Fitzgerald reissued a “buy” rating and set a $90.00 price target on shares of Centene Corporation in a research report on Tuesday, July 25th. Morgan Stanley began coverage on Centene Corporation in a research report on Tuesday, June 6th. They issued an “overweight” rating and a $86.00 target price on the stock. J P Morgan Chase & Co lowered Centene Corporation from an “overweight” rating to a “neutral” rating and set a $75.00 target price on the stock. in a research report on Monday, May 22nd. Bank of America Corporation upped their target price on Centene Corporation from $93.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, July 14th. Finally, Zacks Investment Research lowered Centene Corporation from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. One research analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have given a buy rating to the company. Centene Corporation presently has an average rating of “Buy” and a consensus target price of $86.82.

The stock has a market capitalization of $15.36 billion, a P/E ratio of 19.55 and a beta of 0.63. The company’s 50 day moving average is $84.15 and its 200-day moving average is $77.00.

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

In related news, Director Richard A. Gephardt sold 4,350 shares of the business’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $77.38, for a total transaction of $336,603.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Christopher D. Bowers sold 4,000 shares of the business’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $79.43, for a total transaction of $317,720.00. The disclosure for this sale can be found here. Insiders have sold 47,517 shares of company stock worth $3,807,576 in the last quarter. 3.00% of the stock is owned by corporate insiders.

Large investors have recently bought and sold shares of the stock. Mckinley Capital Management LLC Delaware bought a new stake in Centene Corporation during the second quarter worth about $101,000. Seven Bridges Advisors LLC bought a new stake in Centene Corporation during the second quarter worth about $123,000. Bronfman E.L. Rothschild L.P. boosted its stake in Centene Corporation by 5.9% during the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,662 shares of the company’s stock worth $118,000 after acquiring an additional 93 shares in the last quarter. IFP Advisors Inc boosted its stake in Centene Corporation by 9.6% during the second quarter. IFP Advisors Inc now owns 1,944 shares of the company’s stock worth $155,000 after acquiring an additional 170 shares in the last quarter. Finally, MV Capital Management Inc. bought a new stake in Centene Corporation during the second quarter worth about $186,000. 92.26% of the stock is currently owned by institutional investors and hedge funds.

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Centene Corporation Company Profile

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.