Insider Selling: Centene Corp. EVP Sells 5,000 Shares of Stock (CNC)
Centene Corp. (NYSE:CNC) EVP Jesse N. Hunter sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $61.66, for a total transaction of $308,300.00. Following the completion of the transaction, the executive vice president now directly owns 97,650 shares of the company’s stock, valued at approximately $6,021,099. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on CNC shares. Analysts at Leerink Swann raised their price target on shares of Centene Corp. from $68.00 to $71.00 in a research note to investors on Wednesday. Separately, analysts at Citigroup Inc. upgraded shares of Centene Corp. from a “sell” rating to a “neutral” rating in a research note to investors on Wednesday. They now have a $59.00 price target on the stock. Finally, analysts at Credit Suisse upgraded shares of Centene Corp. from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, January 23rd. They now have a $70.00 price target on the stock, down previously from $72.00. Eight investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $68.88.
Centene Corp. (NYSE:CNC) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.84 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.83 by $0.01. The company had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.93 billion. During the same quarter last year, the company posted $0.47 earnings per share. Centene Corp.’s revenue was up 29.0% compared to the same quarter last year.
Centene Corporation is a multi-line healthcare enterprise, which provides programs and services to the number of under-insured and uninsured individuals.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.