Centene Corporation $CNC is Board of the Pension Protection Fund’s Largest Position

Board of the Pension Protection Fund grew its stake in Centene Corporation (NYSE:CNC) by 60.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,000 shares of the company’s stock after acquiring an additional 16,900 shares during the quarter. Centene comprises approximately 1.8% of Board of the Pension Protection Fund’s portfolio, making the stock its biggest holding. Board of the Pension Protection Fund’s holdings in Centene were worth $1,852,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. WPG Advisers LLC lifted its stake in shares of Centene by 44.5% during the third quarter. WPG Advisers LLC now owns 915 shares of the company’s stock valued at $33,000 after buying an additional 282 shares during the period. Versant Capital Management Inc grew its stake in Centene by 11.6% in the 3rd quarter. Versant Capital Management Inc now owns 3,421 shares of the company’s stock worth $122,000 after acquiring an additional 355 shares during the period. Snowden Capital Advisors LLC raised its holdings in Centene by 8.0% in the 2nd quarter. Snowden Capital Advisors LLC now owns 5,073 shares of the company’s stock valued at $275,000 after acquiring an additional 374 shares during the last quarter. MAI Capital Management lifted its stake in shares of Centene by 6.3% during the 3rd quarter. MAI Capital Management now owns 6,545 shares of the company’s stock worth $234,000 after purchasing an additional 388 shares during the period. Finally, Financial Network Wealth Advisors LLC boosted its holdings in shares of Centene by 54.9% during the third quarter. Financial Network Wealth Advisors LLC now owns 1,100 shares of the company’s stock worth $39,000 after purchasing an additional 390 shares during the last quarter. Hedge funds and other institutional investors own 93.63% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Cantor Fitzgerald reiterated a “neutral” rating and issued a $41.00 target price on shares of Centene in a report on Monday, February 9th. Robert W. Baird raised their price objective on Centene from $28.00 to $36.00 and gave the stock a “neutral” rating in a report on Thursday, December 11th. Mizuho set a $41.00 target price on Centene and gave the stock a “neutral” rating in a report on Tuesday, March 10th. Truist Financial increased their target price on shares of Centene from $47.00 to $49.00 and gave the stock a “buy” rating in a research report on Wednesday, February 25th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and set a $59.00 price target on shares of Centene in a research report on Tuesday, January 6th. Three research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $41.81.

Centene Trading Down 1.6%

NYSE CNC opened at $35.57 on Friday. The firm has a market capitalization of $17.49 billion, a PE ratio of -2.61, a price-to-earnings-growth ratio of 0.80 and a beta of 0.48. Centene Corporation has a one year low of $25.08 and a one year high of $66.03. The company has a 50-day simple moving average of $41.98 and a 200-day simple moving average of $38.51. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.10 and a current ratio of 1.10.

Centene (NYSE:CNC) last announced its earnings results on Friday, February 6th. The company reported ($1.19) earnings per share for the quarter, beating the consensus estimate of ($1.22) by $0.03. The firm had revenue of $49.73 billion for the quarter, compared to the consensus estimate of $48.41 billion. Centene had a positive return on equity of 4.25% and a negative net margin of 3.43%.The firm’s revenue for the quarter was up 21.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.80 EPS. Centene has set its FY 2026 guidance at 3.000-3.000 EPS. On average, equities analysts forecast that Centene Corporation will post 6.86 earnings per share for the current year.

About Centene

Centene Corporation (NYSE: CNC) is a diversified, multi-national healthcare enterprise that specializes in providing services to government-sponsored and national health programs. The company primarily acts as a managed care organization, delivering healthcare coverage and administering benefits for Medicaid, the Children’s Health Insurance Program (CHIP), Medicare Advantage, and individual marketplace plans. Centene also contracts with federal and state agencies to manage specialty care programs and community-based services for vulnerable populations.

Centene’s offerings extend beyond traditional insurance to include a range of specialty and support services.