Elo Mutual Pension Insurance Co Buys 3,526 Shares of Centene Co. (NYSE:CNC)

Elo Mutual Pension Insurance Co raised its holdings in shares of Centene Co. (NYSE:CNCGet Rating) by 8.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 44,254 shares of the company’s stock after acquiring an additional 3,526 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Centene were worth $3,647,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the business. Shell Asset Management Co. raised its holdings in Centene by 17.1% during the 4th quarter. Shell Asset Management Co. now owns 44,763 shares of the company’s stock valued at $3,688,000 after acquiring an additional 6,532 shares during the period. Gladius Capital Management LP bought a new stake in Centene during the 4th quarter valued at $686,000. Jennison Associates LLC bought a new stake in Centene during the 4th quarter valued at $88,982,000. Natixis Advisors L.P. raised its holdings in Centene by 46.9% during the 4th quarter. Natixis Advisors L.P. now owns 334,105 shares of the company’s stock valued at $27,530,000 after acquiring an additional 106,649 shares during the period. Finally, Capital Advisors Ltd. LLC raised its holdings in Centene by 5.8% during the 4th quarter. Capital Advisors Ltd. LLC now owns 3,860 shares of the company’s stock valued at $318,000 after acquiring an additional 210 shares during the period. 90.47% of the stock is currently owned by institutional investors and hedge funds.

NYSE CNC traded down $1.04 during trading on Friday, hitting $80.55. 3,948,835 shares of the company’s stock traded hands, compared to its average volume of 2,280,475. The stock has a fifty day moving average of $84.89 and a two-hundred day moving average of $79.79. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.05 and a quick ratio of 1.11. Centene Co. has a 12-month low of $59.67 and a 12-month high of $89.92. The firm has a market cap of $46.95 billion, a P/E ratio of 31.96, a PEG ratio of 1.04 and a beta of 0.52.

Centene (NYSE:CNCGet Rating) last posted its quarterly earnings results on Tuesday, April 26th. The company reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.15. Centene had a net margin of 1.12% and a return on equity of 11.82%. The business had revenue of $37.19 billion during the quarter, compared to analyst estimates of $34.48 billion. During the same period in the prior year, the business posted $1.63 earnings per share. The company’s revenue was up 24.0% on a year-over-year basis. As a group, analysts expect that Centene Co. will post 5.46 earnings per share for the current fiscal year.

Several research analysts have recently weighed in on CNC shares. Mizuho upped their price target on shares of Centene from $78.00 to $84.00 and gave the stock a “neutral” rating in a report on Wednesday, February 9th. StockNews.com started coverage on shares of Centene in a report on Thursday, March 31st. They issued a “strong-buy” rating on the stock. Barclays started coverage on shares of Centene in a report on Friday, January 7th. They issued an “overweight” rating and a $95.00 price target on the stock. Sanford C. Bernstein upped their price target on shares of Centene from $94.00 to $108.00 in a report on Tuesday, January 11th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Centene from $84.00 to $88.00 and gave the stock a “buy” rating in a report on Wednesday, February 9th. Four equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $91.61.

In other news, EVP Mark J. Brooks sold 3,690 shares of the stock in a transaction dated Thursday, March 24th. The shares were sold at an average price of $82.71, for a total transaction of $305,199.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.50% of the company’s stock.

About Centene (Get Rating)

Centene Corporation operates as a multi-national healthcare enterprise that provides programs and services to under-insured and uninsured individuals in the United States. Its Managed Care segment offers health plan coverage to individuals through government subsidized programs, including Medicaid, the State children's health insurance program, long-term services and support, foster care, and medicare-medicaid plans, which cover dually eligible individuals, as well as aged, blind, or disabled programs.

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Institutional Ownership by Quarter for Centene (NYSE:CNC)

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