Centene Co. (NYSE:CNC) Shares Purchased by Intech Investment Management LLC

Intech Investment Management LLC grew its position in shares of Centene Co. (NYSE:CNC - Free Report) by 212.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,316 shares of the company's stock after purchasing an additional 10,420 shares during the quarter. Intech Investment Management LLC's holdings in Centene were worth $1,153,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in CNC. Park Place Capital Corp increased its holdings in Centene by 1,190.0% in the 3rd quarter. Park Place Capital Corp now owns 387 shares of the company's stock worth $29,000 after acquiring an additional 357 shares in the last quarter. WR Wealth Planners LLC increased its holdings in Centene by 41.4% in the 2nd quarter. WR Wealth Planners LLC now owns 468 shares of the company's stock worth $31,000 after acquiring an additional 137 shares in the last quarter. Chris Bulman Inc purchased a new stake in Centene in the 2nd quarter worth $33,000. Riverview Trust Co increased its holdings in Centene by 154.6% in the 2nd quarter. Riverview Trust Co now owns 527 shares of the company's stock worth $35,000 after acquiring an additional 320 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Centene in the 2nd quarter worth $36,000. 93.63% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CNC has been the subject of a number of research reports. StockNews.com lowered shares of Centene from a "strong-buy" rating to a "buy" rating in a report on Monday, October 28th. Stephens reaffirmed an "equal weight" rating and set a $78.00 target price on shares of Centene in a report on Monday, August 5th. Sanford C. Bernstein dropped their target price on shares of Centene from $96.00 to $88.00 and set an "outperform" rating for the company in a report on Wednesday, October 30th. TD Cowen upped their target price on shares of Centene from $80.00 to $89.00 and gave the stock a "buy" rating in a report on Wednesday, July 31st. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Centene from $82.00 to $87.00 and gave the stock a "hold" rating in a report on Friday, August 2nd. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $83.92.

Insiders Place Their Bets

In other news, CFO Andrew Lynn Asher bought 17,200 shares of the business's stock in a transaction that occurred on Wednesday, November 13th. The shares were purchased at an average cost of $58.14 per share, for a total transaction of $1,000,008.00. Following the completion of the purchase, the chief financial officer now owns 486,847 shares of the company's stock, valued at approximately $28,305,284.58. This represents a 3.66 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Sarah London purchased 4,117 shares of the company's stock in a transaction on Friday, November 8th. The stock was bought 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 disclosure for this purchase can be found here. Insiders own 0.29% of the company's stock.

Centene Trading Down 0.1 %

NYSE:CNC traded down $0.08 on Wednesday, reaching $59.92. 3,468,373 shares of the company's stock were exchanged, compared to its average volume of 4,051,659. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $30.25 billion, a price-to-earnings ratio of 10.42, a price-to-earnings-growth ratio of 0.84 and a beta of 0.49. The business has a fifty day moving average of $66.07 and a 200-day moving average of $70.19. Centene Co. has a 52-week low of $57.20 and a 52-week high of $81.42.

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.