Principal Financial Group Inc. raised its holdings in Centene Co. (NYSE:CNC - Free Report) by 3.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 621,664 shares of the company's stock after purchasing an additional 22,233 shares during the quarter. Principal Financial Group Inc. owned approximately 0.12% of Centene worth $46,799,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in CNC. Park Place Capital Corp lifted 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 in the last quarter. WR Wealth Planners LLC grew its stake in shares of Centene by 41.4% during the second quarter. WR Wealth Planners LLC now owns 468 shares of the company's stock valued at $31,000 after purchasing an additional 137 shares during the last quarter. Chris Bulman Inc acquired a new stake in shares of Centene in the second quarter valued at approximately $33,000. Crewe Advisors LLC lifted its holdings in Centene by 174.3% during the 2nd quarter. Crewe Advisors LLC now owns 683 shares of the company's stock worth $45,000 after buying an additional 434 shares in the last quarter. Finally, Private Trust Co. NA boosted its position in Centene by 75.3% in the 3rd quarter. Private Trust Co. NA now owns 773 shares of the company's stock valued at $58,000 after buying an additional 332 shares during the last quarter. Institutional investors own 93.63% of the company's stock.
In other news, Director H James Dallas bought 1,693 shares of the business's stock in a transaction on Monday, December 16th. The shares were purchased at an average price of $59.01 per share, for a total transaction of $99,903.93. Following the purchase, the director now owns 1,693 shares of the company's stock, valued at approximately $99,903.93. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Sarah London purchased 4,117 shares of the firm's stock in a transaction dated Friday, November 8th. The shares were acquired at an average cost of $60.80 per share, with a total value of $250,313.60. Following the completion of the purchase, the chief executive officer now directly owns 667,229 shares in the company, valued at approximately $40,567,523.20. This represents a 0.62 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 45,010 shares of company stock valued at $2,660,276. 0.33% of the stock is currently owned by corporate insiders.
Several equities analysts have recently issued reports on CNC shares. Oppenheimer cut their price target on Centene from $95.00 to $85.00 and set an "outperform" rating on the stock in a research note on Friday, December 13th. UBS Group raised shares of Centene from a "neutral" rating to a "buy" rating and raised their target price for the company from $79.00 to $80.00 in a research note on Friday, December 13th. StockNews.com downgraded shares of Centene from a "strong-buy" rating to a "buy" rating in a research note on Monday, October 28th. Stephens lowered their target price on shares of Centene from $75.00 to $73.00 and set an "equal weight" rating for the company in a report on Friday, December 13th. Finally, Wells Fargo & Company cut their price target on Centene from $91.00 to $90.00 and set an "overweight" rating on the stock in a research note on Monday, November 4th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, Centene has a consensus rating of "Moderate Buy" and a consensus target price of $80.92.
Check Out Our Latest Stock Report on CNC
NYSE:CNC opened at $59.58 on Monday. The business's 50-day simple moving average is $60.75 and its 200-day simple moving average is $68.19. Centene Co. has a fifty-two week low of $55.03 and a fifty-two week high of $81.42. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.10 and a quick ratio of 1.10. The stock has a market capitalization of $30.08 billion, a PE ratio of 10.34, a price-to-earnings-growth ratio of 0.78 and a beta of 0.46.
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.
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