2,804 Shares in Centene Co. (NYSE:CNC) Purchased by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB acquired a new stake in Centene Co. (NYSE:CNC) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 2,804 shares of the company’s stock, valued at approximately $211,000.

A number of other institutional investors have also modified their holdings of the stock. Grove Bank & Trust increased its holdings in Centene by 17.9% during the 2nd quarter. Grove Bank & Trust now owns 8,602 shares of the company’s stock worth $570,000 after purchasing an additional 1,307 shares during the period. Independence Bank of Kentucky raised its holdings in shares of Centene by 459.2% in the second quarter. Independence Bank of Kentucky now owns 1,096 shares of the company’s stock valued at $73,000 after acquiring an additional 900 shares in the last quarter. Cypress Capital Group grew its holdings in Centene by 192.8% during the 2nd quarter. Cypress Capital Group now owns 13,610 shares of the company’s stock worth $902,000 after acquiring an additional 8,962 shares in the last quarter. Bank of New York Mellon Corp increased its position in Centene by 0.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 5,491,968 shares of the company’s stock valued at $364,117,000 after purchasing an additional 25,595 shares during the period. Finally, State of Michigan Retirement System raised its holdings in shares of Centene by 1.6% in the 2nd quarter. State of Michigan Retirement System now owns 168,227 shares of the company’s stock valued at $11,153,000 after purchasing an additional 2,700 shares in the last quarter. 93.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CNC has been the topic of several research reports. StockNews.com lowered shares of Centene from a “strong-buy” rating to a “buy” rating in a report on Monday, October 28th. Wells Fargo & Company reduced their price target on Centene from $91.00 to $90.00 and set an “overweight” rating for the company in a research report on Monday, November 4th. Robert W. Baird dropped their price objective on Centene from $83.00 to $66.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. UBS Group raised shares of Centene from a “neutral” rating to a “buy” rating and increased their price target for the company from $79.00 to $80.00 in a research report on Friday, December 13th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $90.00 price objective on shares of Centene in a research report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $80.92.

Insider Buying and Selling

In other Centene news, CEO Sarah London acquired 4,117 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were purchased at an average price of $60.80 per share, for a total transaction of $250,313.60. Following the completion of the purchase, the chief executive officer now directly owns 667,229 shares of the company’s stock, valued at $40,567,523.20. The trade was a 0.62 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Andrew Lynn Asher bought 17,200 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The shares were acquired at an average price of $58.14 per share, with a total value of $1,000,008.00. Following the completion of the transaction, the chief financial officer now directly owns 486,847 shares of the company’s stock, valued at $28,305,284.58. This trade represents a 3.66 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 28,010 shares of company stock worth $1,644,526. 0.33% of the stock is owned by company insiders.

Centene Stock Up 2.9 %

Shares of CNC stock opened at $59.49 on Thursday. Centene Co. has a fifty-two week low of $55.03 and a fifty-two week high of $81.42. The firm has a market capitalization of $30.03 billion, a PE ratio of 10.33, a P/E/G ratio of 0.78 and a beta of 0.46. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.10 and a current ratio of 1.10. The stock’s 50-day simple moving average is $61.25 and its 200-day simple moving average is $68.35.

Centene Profile

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.