The Henderson Group PLC Holds Stake in Centene Corp (CNC)

The Henderson Group PLC Holds Stake in Centene Corp (CNC)

Other institutional investors have also modified their holdings of the company. Rockefeller Financial Services Inc. purchased a new position in shares of Centene Corp during the third quarter worth $120,000. Quadrant Capital Group LLC increased its position in shares of Centene Corp by 5.6% in the first quarter. Quadrant Capital Group LLC now owns 2,263 shares of the company’s stock worth $155,000 after buying an additional 120 shares in the last quarter. Creative Planning increased its position in shares of Centene Corp by 5.4% in the first quarter. Creative Planning now owns 2,476 shares of the company’s stock worth $176,000 after buying an additional 127 shares in the last quarter. Howard Hughes Medical Institute increased its position in shares of Centene Corp by 96.7% in the first quarter. Howard Hughes Medical Institute now owns 2,685 shares of the company’s stock worth $191,000 after buying an additional 1,320 shares in the last quarter. Finally, Reliance Trust Co. of Delaware purchased a new position in shares of Centene Corp during the first quarter worth $201,000. Institutional investors own 94.14% of the company’s stock.

Henderson Group PLC maintained its position in shares of Centene Corp (NYSE:CNC) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 24,461 shares of the company’s stock at the end of the first quarter. Henderson Group PLC’s holdings in Centene Corp were worth $1,743,000 as of its most recent filing with the SEC.

Centene Corp (NYSE CNC) opened at 75.19 on Monday. Centene Corp has a one year low of $50.00 and a one year high of $77.60. The stock’s 50 day moving average is $74.47 and its 200-day moving average is $66.75. The firm has a market capitalization of $12.95 billion, a PE ratio of 18.51 and a beta of 0.69.

A number of brokerages recently weighed in on CNC. JPMorgan Chase & Co. downgraded shares of Centene Corp from an “overweight” rating to a “neutral” rating and set a $75.00 target price for the company. in a research note on Monday, May 22nd. Zacks Investment Research downgraded shares of Centene Corp from a “buy” rating to a “hold” rating in a research note on Wednesday, May 10th. Jefferies Group LLC reissued a “buy” rating and set a $85.00 target price (up previously from $83.00) on shares of Centene Corp in a research note on Saturday, April 29th. Evercore ISI lifted their target price on shares of Centene Corp from $80.00 to $83.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 26th. Finally, Stifel Nicolaus lifted their target price on shares of Centene Corp from $80.00 to $85.00 and gave the stock a “buy” rating in a research note on Wednesday, April 26th. Seven equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $79.68. In related news, CFO Jeffrey A. Schwaneke sold 2,000 shares of the stock in a transaction dated Monday, March 13th. The shares were sold at an average price of $68.52, for a total value of $137,040.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Christopher D. Bowers sold 3,150 shares of the firm’s stock in a transaction dated Thursday, April 27th. The shares were sold at an average price of $72.80, for a total transaction of $229,320.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 20,317 shares of company stock valued at $1,460,356. 4.50% of the stock is owned by company insiders.

About Centene Corp 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “CNC”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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