Meeder Asset Management Inc. Has $5.64 Million Stock Position in Centene Co. (NYSE:CNC)

Meeder Asset Management Inc. lifted its position in shares of Centene Co. (NYSE:CNC) by 10.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 74,945 shares of the company’s stock after purchasing an additional 6,937 shares during the period. Meeder Asset Management Inc.’s holdings in Centene were worth $5,642,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Vantage Investment Partners LLC raised its position in Centene by 17.1% in the third quarter. Vantage Investment Partners LLC now owns 683,817 shares of the company’s stock worth $51,478,000 after acquiring an additional 99,904 shares during the period. Diversified Trust Co raised its position in shares of Centene by 35.8% in the second quarter. Diversified Trust Co now owns 28,009 shares of the company’s stock valued at $1,857,000 after purchasing an additional 7,385 shares during the period. Bessemer Group Inc. raised its position in shares of Centene by 189.6% in the first quarter. Bessemer Group Inc. now owns 24,162 shares of the company’s stock valued at $1,895,000 after purchasing an additional 15,819 shares during the period. Comerica Bank raised its position in shares of Centene by 7.3% in the first quarter. Comerica Bank now owns 118,597 shares of the company’s stock valued at $9,307,000 after purchasing an additional 8,103 shares during the period. Finally, National Pension Service raised its position in shares of Centene by 15.4% in the third quarter. National Pension Service now owns 1,435,482 shares of the company’s stock valued at $108,063,000 after purchasing an additional 191,768 shares during the period. 93.63% of the stock is owned by institutional investors.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

Several analysts have recently issued reports on CNC shares. TD Cowen boosted their price target on shares of Centene from $80.00 to $89.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Robert W. Baird reduced their price objective on shares of Centene from $83.00 to $66.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. Stephens reaffirmed an “equal weight” rating and set a $78.00 price objective on shares of Centene in a research note on Monday, August 5th. StockNews.com cut shares of Centene from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 28th. Finally, Sanford C. Bernstein reduced their price objective on shares of Centene from $96.00 to $88.00 and set an “outperform” rating for the company in a research note on Wednesday, October 30th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Centene has an average rating of “Moderate Buy” and a consensus target price of $83.92.

Centene Trading Up 2.4 %

CNC stock opened at $58.83 on Tuesday. The firm has a fifty day moving average price of $67.82 and a 200 day moving average price of $70.88. Centene Co. has a fifty-two week low of $57.20 and a fifty-two week high of $81.42. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.10 and a current ratio of 1.10. The firm has a market cap of $29.70 billion, a PE ratio of 10.21, a price-to-earnings-growth ratio of 0.79 and a beta of 0.49.

Centene Company 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.