Centene Corp CAO Jeffrey A. Schwaneke Unloads 1,000 Shares (CNC)
Centene Corp (NYSE:CNC) CAO Jeffrey A. Schwaneke unloaded 1,000 shares of the company’s stock on the open market in a transaction dated Thursday, August 28th. The shares were sold at an average price of $77.02, for a total transaction of $77,020.00. Following the transaction, the chief accounting officer now directly owns 25,487 shares in the company, valued at approximately $1,963,009. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
A number of research firms have recently commented on CNC. Analysts at Zacks downgraded shares of Centene Corp from an “outperform” rating to a “neutral” rating in a research note on Monday. They now have a $84.00 price target on the stock. Separately, analysts at Cantor Fitzgerald raised their price target on shares of Centene Corp from $80.00 to $85.00 in a research note on Thursday, July 31st. They now have a “buy” rating on the stock. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Centene Corp from $71.00 to $78.00 in a research note on Tuesday, July 29th. They now have a “neutral” rating on the stock. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $83.89.
Centene Corp (NYSE:CNC) traded up 0.40% during mid-day trading on Friday, hitting $78.13. 502,315 shares of the company’s stock traded hands. Centene Corp has a 52-week low of $54.12 and a 52-week high of $81.98. The stock’s 50-day moving average is $75.1 and its 200-day moving average is $69.30. The company has a market cap of $4.577 billion and a price-to-earnings ratio of 24.60.
Centene Corp (NYSE:CNC) last released its earnings data on Tuesday, July 22nd. The company reported $0.82 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.73 by $0.09. The company had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $3.66 billion. During the same quarter last year, the company posted $0.70 earnings per share. Centene Corp’s revenue was up 48.5% compared to the same quarter last year. Analysts expect that Centene Corp will post $3.83 EPS for the current fiscal year.
Centene Corporation is a multi-line healthcare enterprise, which provides programs and services to the number of under-insured and uninsured individuals.
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