Centene Co. (NYSE:CNC) Shares Acquired by Larson Financial Group LLC

Larson Financial Group LLC grew its stake in Centene Co. (NYSE:CNCFree Report) by 283.2% during the 3rd quarter, Holdings Channel reports. The firm owned 3,077 shares of the company’s stock after purchasing an additional 2,274 shares during the quarter. Larson Financial Group LLC’s holdings in Centene were worth $232,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of CNC. Comerica Bank grew 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. LBP AM SA boosted its position in Centene by 97.7% during the first quarter. LBP AM SA now owns 11,727 shares of the company’s stock worth $920,000 after acquiring an additional 5,794 shares during the last quarter. LRI Investments LLC acquired a new position in Centene during the first quarter worth about $76,000. Atria Investments Inc boosted its position in Centene by 13.3% during the first quarter. Atria Investments Inc now owns 25,030 shares of the company’s stock worth $1,964,000 after acquiring an additional 2,944 shares during the last quarter. Finally, Beck Bode LLC boosted its position in Centene by 1.8% during the first quarter. Beck Bode LLC now owns 66,844 shares of the company’s stock worth $5,246,000 after acquiring an additional 1,194 shares during the last quarter. Institutional investors and hedge funds own 93.63% of the company’s stock.

Insider Buying and Selling

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

Centene Price Performance

Shares of CNC opened at $59.92 on Thursday. Centene Co. has a fifty-two week low of $57.20 and a fifty-two week high of $81.42. The firm’s 50 day moving average price is $65.74 and its 200 day moving average price is $70.12. The company has a market cap of $30.25 billion, a P/E ratio of 10.40, a PEG ratio of 0.84 and a beta of 0.49. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.64.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. StockNews.com lowered shares of Centene from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 28th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Centene from $82.00 to $87.00 and gave the stock a “hold” rating in a research note on Friday, August 2nd. TD Cowen lifted their target price on shares of Centene from $80.00 to $89.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $90.00 target price on shares of Centene in a research note on Tuesday, October 1st. Finally, Stephens reaffirmed an “equal weight” rating and set a $78.00 target price on shares of Centene in a research note on Monday, August 5th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $83.92.

View Our Latest Analysis on Centene

Centene Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Centene (NYSE:CNC)

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