Centene Corp (NYSE:CNC) Director Orlando Ayala sold 9,878 shares of the company’s stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $65.36, for a total transaction of $645,626.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Orlando Ayala also recently made the following trade(s):

  • On Monday, June 22nd, Orlando Ayala sold 30,000 shares of Centene stock. The stock was sold at an average price of $63.87, for a total transaction of $1,916,100.00.

Shares of Centene stock opened at $65.25 on Friday. The company has a market capitalization of $37.79 billion, a PE ratio of 22.89, a P/E/G ratio of 0.97 and a beta of 0.73. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.14 and a current ratio of 1.22. The company has a 50-day simple moving average of $64.50 and a two-hundred day simple moving average of $63.43. Centene Corp has a one year low of $41.62 and a one year high of $74.70.

Centene (NYSE:CNC) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $2.40 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.43 by ($0.03). Centene had a net margin of 1.70% and a return on equity of 14.07%. The company had revenue of $27.71 billion for the quarter, compared to analyst estimates of $27.48 billion. During the same quarter last year, the company earned $1.34 EPS. The business’s revenue was up 51.0% compared to the same quarter last year. On average, equities analysts predict that Centene Corp will post 4.89 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of CNC. AXA increased its holdings in shares of Centene by 2.6% during the fourth quarter. AXA now owns 12,573 shares of the company’s stock valued at $790,000 after acquiring an additional 316 shares in the last quarter. Wealth Quarterback LLC acquired a new position in shares of Centene during the fourth quarter valued at about $43,000. Verus Capital Partners LLC acquired a new position in shares of Centene during the fourth quarter valued at about $76,000. Macquarie Group Ltd. increased its holdings in shares of Centene by 254.3% during the fourth quarter. Macquarie Group Ltd. now owns 515,333 shares of the company’s stock valued at $32,399,000 after acquiring an additional 369,887 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Centene during the fourth quarter valued at about $258,880,000. Hedge funds and other institutional investors own 93.58% of the company’s stock.

A number of research firms recently weighed in on CNC. Deutsche Bank upped their price objective on shares of Centene from $80.00 to $87.00 and gave the stock a “buy” rating in a research note on Wednesday. Citigroup upped their price objective on shares of Centene from $70.00 to $81.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Morgan Stanley upped their price objective on shares of Centene from $85.00 to $89.00 and gave the stock an “overweight” rating in a research note on Monday, April 13th. SunTrust Banks upped their price objective on shares of Centene from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, April 13th. Finally, Credit Suisse Group reaffirmed a “hold” rating and issued a $72.50 price objective on shares of Centene in a research note on Wednesday, April 29th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $82.92.

About Centene

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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Insider Buying and Selling by Quarter for Centene (NYSE:CNC)

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