Larson Financial Group LLC Acquires 2,274 Shares of Centene Co. (NYSE:CNC)

Larson Financial Group LLC increased its stake in Centene Co. (NYSE:CNC) by 283.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,077 shares of the company’s stock after buying an additional 2,274 shares during the period. Larson Financial Group LLC’s holdings in Centene were worth $232,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in CNC. Park Place Capital Corp lifted its stake in Centene by 1,190.0% in the third quarter. Park Place Capital Corp now owns 387 shares of the company’s stock worth $29,000 after acquiring an additional 357 shares during the period. WR Wealth Planners LLC raised its stake in Centene by 41.4% in the second quarter. WR Wealth Planners LLC now owns 468 shares of the company’s stock worth $31,000 after buying an additional 137 shares in the last quarter. Chris Bulman Inc purchased a new stake in Centene during the second quarter worth $33,000. Riverview Trust Co increased its holdings in shares of Centene by 154.6% in the 2nd quarter. Riverview Trust Co now owns 527 shares of the company’s stock valued at $35,000 after acquiring an additional 320 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Centene in the 2nd quarter worth $36,000. 93.63% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

Centene Trading Down 0.1 %

Shares of Centene stock opened at $59.92 on Thursday. 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 firm has a fifty day moving average price of $65.74 and a 200 day moving average price of $70.12. Centene Co. has a 1 year low of $57.20 and a 1 year high of $81.42. The stock has a market cap of $30.25 billion, a PE ratio of 10.40, a price-to-earnings-growth ratio of 0.84 and a beta of 0.49.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Stephens reiterated an “equal weight” rating and issued a $78.00 target price on shares of Centene in a report on Monday, August 5th. Cantor Fitzgerald restated an “overweight” rating and issued a $90.00 target price on shares of Centene in a research note on Tuesday, October 1st. TD Cowen raised their target price on shares of Centene from $80.00 to $89.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft raised their target price on shares of Centene from $82.00 to $87.00 and gave the company a “hold” rating in a research note on Friday, August 2nd. Finally, Robert W. Baird lowered their target price on shares of Centene from $83.00 to $66.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $83.92.

About Centene

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.