Tokio Marine Asset Management Co. Ltd. Buys 1,764 Shares of Centene Co. (NYSE:CNC)

Tokio Marine Asset Management Co. Ltd. lifted its stake in shares of Centene Co. (NYSE:CNC) by 12.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,189 shares of the company’s stock after purchasing an additional 1,764 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Centene were worth $981,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Park Place Capital Corp boosted its position in Centene by 1,190.0% during the 3rd quarter. Park Place Capital Corp now owns 387 shares of the company’s stock worth $29,000 after buying an additional 357 shares during the period. Private Trust Co. NA boosted its position in Centene by 75.3% during the 3rd quarter. Private Trust Co. NA now owns 773 shares of the company’s stock worth $58,000 after buying an additional 332 shares during the period. True Wealth Design LLC acquired a new stake in Centene during the 3rd quarter worth approximately $66,000. Venturi Wealth Management LLC boosted its position in Centene by 77.3% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,163 shares of the company’s stock worth $88,000 after buying an additional 507 shares during the period. Finally, Cromwell Holdings LLC boosted its position in Centene by 588.0% during the 3rd quarter. Cromwell Holdings LLC now owns 1,266 shares of the company’s stock worth $95,000 after buying an additional 1,082 shares during the period. 93.63% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Wells Fargo & Company dropped their price target on shares of Centene from $91.00 to $90.00 and set an “overweight” rating on the stock in a research report on Monday, November 4th. Robert W. Baird dropped their price target on shares of Centene from $83.00 to $66.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. Sanford C. Bernstein dropped their price target on shares of Centene from $96.00 to $88.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 30th. StockNews.com upgraded shares of Centene from a “buy” rating to a “strong-buy” rating in a research report on Monday, January 27th. Finally, Stephens dropped their price target on shares of Centene from $75.00 to $73.00 and set an “equal weight” rating on the stock in a research report on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Centene currently has an average rating of “Moderate Buy” and a consensus target price of $80.92.

Centene Stock Performance

Shares of CNC stock opened at $65.00 on Tuesday. The firm has a market capitalization of $32.81 billion, a PE ratio of 11.28, a price-to-earnings-growth ratio of 0.85 and a beta of 0.45. The firm has a fifty day simple moving average of $61.17 and a two-hundred day simple moving average of $67.14. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.64. Centene Co. has a 12 month low of $55.03 and a 12 month high of $81.42.

Insider Buying and Selling at Centene

In other Centene news, CFO Andrew Lynn Asher purchased 17,200 shares of the firm’s stock in a transaction on Wednesday, November 13th. The stock was acquired at an average price of $58.14 per share, for a total transaction of $1,000,008.00. Following the purchase, the chief financial officer now owns 486,847 shares of the company’s stock, valued at $28,305,284.58. This trade represents a 3.66 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Sarah London purchased 4,117 shares of the firm’s stock in a transaction on Friday, November 8th. The shares were acquired at an average price of $60.80 per share, with a total value of $250,313.60. Following the purchase, the chief executive officer now directly owns 667,229 shares in the company, valued at $40,567,523.20. This represents a 0.62 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 45,010 shares of company stock worth $2,660,276. 0.29% of the stock is owned by corporate insiders.

Centene Profile

Centene Corporation operates as a healthcare enterprise that provides programs and services to under-insured and uninsured families, commercial organizations, and military families in the United States. The company operates through Medicaid, Medicare, Commercial, and Other segments. The Medicaid segment offers health plan coverage, including medicaid expansion, aged, blind, disabled, children’s health insurance program, foster care, medicare-medicaid plans, long-term services and support.