Insider Selling: Centene Corporation (CNC) EVP Sells $500,550.00 in Stock

Centene Corporation (NYSE:CNC) EVP Keith H. Williamson sold 5,000 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $100.11, for a total value of $500,550.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Centene Corporation (NYSE CNC) opened at $105.49 on Friday. Centene Corporation has a twelve month low of $60.08 and a twelve month high of $106.02. The stock has a market capitalization of $17,688.07, a P/E ratio of 19.52, a price-to-earnings-growth ratio of 1.28 and a beta of 0.70. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.99 and a quick ratio of 0.99.

Centene (NYSE:CNC) last announced its quarterly earnings results on Tuesday, October 24th. The company reported $1.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.24 by $0.11. Centene had a return on equity of 14.79% and a net margin of 1.81%. The company had revenue of $11.90 billion during the quarter, compared to the consensus estimate of $11.75 billion. During the same period in the previous year, the company posted $1.12 earnings per share. Centene’s revenue for the quarter was up 9.7% on a year-over-year basis. equities research analysts predict that Centene Corporation will post 4.99 EPS for the current fiscal year.

A number of large investors have recently made changes to their positions in the business. MML Investors Services LLC lifted its holdings in Centene by 1.0% in the second quarter. MML Investors Services LLC now owns 3,587 shares of the company’s stock valued at $287,000 after acquiring an additional 34 shares during the period. Keybank National Association OH lifted its holdings in Centene by 1.1% in the second quarter. Keybank National Association OH now owns 3,180 shares of the company’s stock valued at $254,000 after acquiring an additional 36 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in Centene by 0.3% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,799 shares of the company’s stock valued at $1,022,000 after acquiring an additional 38 shares during the period. Modera Wealth Management LLC lifted its holdings in Centene by 1.0% in the second quarter. Modera Wealth Management LLC now owns 5,086 shares of the company’s stock valued at $406,000 after acquiring an additional 51 shares during the period. Finally, Commerce Bank lifted its holdings in Centene by 1.4% in the second quarter. Commerce Bank now owns 7,042 shares of the company’s stock valued at $563,000 after acquiring an additional 96 shares during the period. 91.84% of the stock is owned by institutional investors.

A number of brokerages have recently weighed in on CNC. Zacks Investment Research lowered Centene from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 22nd. Goldman Sachs Group began coverage on Centene in a research note on Wednesday. They set a “buy” rating and a $135.00 price target on the stock. Oppenheimer boosted their price target on Centene from $111.00 to $122.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 20th. ValuEngine upgraded Centene from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Finally, Deutsche Bank restated a “buy” rating and set a $111.00 price target (up previously from $95.00) on shares of Centene in a research note on Thursday, September 14th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. Centene currently has an average rating of “Buy” and an average price target of $104.21.

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About Centene

Centene Corporation is a healthcare company. The Company provides a portfolio of services to government sponsored healthcare programs, focusing on under-insured and uninsured individuals. The Company operates through two segments: Managed Care and Specialty Services. The Company’s Managed Care segment provides health plan coverage to individuals, through government subsidized programs, including Medicaid, the State Children’s Health Insurance Program (CHIP), Long Term Care, Foster Care, dual-eligible individuals (Duals) and the Supplemental Security Income Program, also known as the Aged, Blind or Disabled Program (ABD), Medicare, and Health Insurance Marketplace.

Insider Buying and Selling by Quarter for Centene (NYSE:CNC)

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