Intech Investment Management LLC Purchases 41,075 Shares of Centene Corporation $CNC

Intech Investment Management LLC increased its position in Centene Corporation (NYSE:CNC) by 37.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 151,058 shares of the company’s stock after acquiring an additional 41,075 shares during the period. Intech Investment Management LLC’s holdings in Centene were worth $5,390,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Addison Advisors LLC increased its position in shares of Centene by 455.6% during the 3rd quarter. Addison Advisors LLC now owns 739 shares of the company’s stock valued at $26,000 after purchasing an additional 606 shares during the last quarter. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in Centene during the third quarter valued at approximately $27,000. WPG Advisers LLC raised its position in Centene by 44.5% in the third quarter. WPG Advisers LLC now owns 915 shares of the company’s stock worth $33,000 after acquiring an additional 282 shares during the period. Bogart Wealth LLC boosted its stake in shares of Centene by 11,011.1% during the 3rd quarter. Bogart Wealth LLC now owns 1,000 shares of the company’s stock worth $36,000 after acquiring an additional 991 shares during the last quarter. Finally, Financial Network Wealth Advisors LLC grew its position in shares of Centene by 54.9% during the 3rd quarter. Financial Network Wealth Advisors LLC now owns 1,100 shares of the company’s stock valued at $39,000 after acquiring an additional 390 shares during the period. 93.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on CNC shares. Jefferies Financial Group lowered their target price on Centene from $43.00 to $37.00 and set a “hold” rating on the stock in a research report on Friday, February 13th. TD Cowen boosted their price objective on Centene from $34.00 to $38.00 and gave the company a “hold” rating in a research note on Wednesday, February 11th. Cantor Fitzgerald reissued a “neutral” rating and issued a $41.00 target price on shares of Centene in a report on Monday, February 9th. Argus upgraded shares of Centene to a “hold” rating in a research report on Monday, February 9th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Centene from $38.00 to $45.00 and gave the company a “neutral” rating in a research report on Thursday, January 22nd. Three analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $42.00.

Centene Trading Up 4.4%

Shares of CNC opened at $44.82 on Friday. Centene Corporation has a 1 year low of $25.08 and a 1 year high of $66.03. The company has a 50 day simple moving average of $42.83 and a two-hundred day simple moving average of $37.56. 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 firm has a market cap of $22.04 billion, a P/E ratio of -3.29, a price-to-earnings-growth ratio of 1.00 and a beta of 0.48.

Centene (NYSE:CNC) last posted its earnings results on Friday, February 6th. The company reported ($1.19) earnings per share for the quarter, beating the consensus estimate of ($1.22) by $0.03. The company had revenue of $49.73 billion during the quarter, compared to analysts’ expectations of $48.41 billion. Centene had a negative net margin of 3.43% and a positive return on equity of 4.25%. Centene’s quarterly revenue was up 21.9% on a year-over-year basis. During the same period last year, the company posted $0.80 earnings per share. Centene has set its FY 2026 guidance at 3.000-3.000 EPS. On average, equities analysts expect that Centene Corporation will post 6.86 earnings per share for the current fiscal year.

Centene 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.