Reilly Financial Advisors LLC Boosts Stock Position in Centene Corp (NYSE:CNC)

Reilly Financial Advisors LLC lifted its position in shares of Centene Corp (NYSE:CNC) by 133.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 700 shares of the company’s stock after purchasing an additional 400 shares during the period. Reilly Financial Advisors LLC’s holdings in Centene were worth $37,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. Thrivent Financial for Lutherans lifted its holdings in Centene by 1.8% in the fourth quarter. Thrivent Financial for Lutherans now owns 8,968 shares of the company’s stock worth $1,034,000 after buying an additional 158 shares during the period. American Century Companies Inc. lifted its holdings in Centene by 5.0% in the fourth quarter. American Century Companies Inc. now owns 4,041 shares of the company’s stock worth $466,000 after buying an additional 192 shares during the period. Toth Financial Advisory Corp lifted its holdings in Centene by 100.0% in the first quarter. Toth Financial Advisory Corp now owns 480 shares of the company’s stock worth $25,000 after buying an additional 240 shares during the period. Huntington National Bank lifted its holdings in Centene by 110.7% in the first quarter. Huntington National Bank now owns 472 shares of the company’s stock worth $25,000 after buying an additional 248 shares during the period. Finally, Shamrock Asset Management LLC lifted its holdings in Centene by 100.0% in the first quarter. Shamrock Asset Management LLC now owns 522 shares of the company’s stock worth $28,000 after buying an additional 261 shares during the period. Institutional investors own 90.98% of the company’s stock.

CNC has been the subject of several research analyst reports. ValuEngine lowered shares of Centene from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 2nd. SunTrust Banks lowered their price objective on shares of Centene to $80.00 and set a “buy” rating for the company in a report on Wednesday, April 24th. Citigroup upgraded shares of Centene from a “neutral” rating to a “buy” rating and set a $69.00 price objective for the company in a report on Friday, May 10th. Cantor Fitzgerald restated a “buy” rating and issued a $83.00 price objective on shares of Centene in a report on Sunday, April 21st. Finally, Zacks Investment Research lowered shares of Centene from a “buy” rating to a “hold” rating and set a $59.00 price objective for the company. in a report on Wednesday, May 29th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $75.26.

Shares of NYSE CNC traded down $0.38 on Friday, reaching $50.97. 4,525,658 shares of the company’s stock traded hands, compared to its average volume of 4,446,793. Centene Corp has a 12 month low of $45.44 and a 12 month high of $74.49. The company has a 50 day moving average of $53.16. The stock has a market cap of $21.08 billion, a P/E ratio of 14.40, a price-to-earnings-growth ratio of 0.83 and a beta of 0.83. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.58.

Centene (NYSE:CNC) last announced its earnings results on Tuesday, July 23rd. The company reported $1.34 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.24 by $0.10. Centene had a net margin of 1.84% and a return on equity of 15.87%. The business had revenue of $18.36 billion during the quarter, compared to the consensus estimate of $18.02 billion. During the same quarter last year, the firm earned $0.90 earnings per share. The business’s revenue for the quarter was up 29.4% on a year-over-year basis. Analysts expect that Centene Corp will post 4.41 earnings per share for the current year.

In other news, Director Jessica L. Blume purchased 2,850 shares of Centene stock in a transaction that occurred on Friday, July 26th. The stock was bought at an average price of $52.99 per share, with a total value of $151,021.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.50% of the stock is currently owned by company insiders.

Centene Company Profile

Centene Corporation operates as a diversified and multi-national healthcare enterprise that provides programs and services to under-insured and uninsured individuals in the United States. The company's 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 covers 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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