IFP Advisors Inc Has $70,000 Holdings in Centene Co. (NYSE:CNC)

IFP Advisors Inc lessened its holdings in Centene Co. (NYSE:CNC) by 54.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,151 shares of the company’s stock after selling 1,381 shares during the period. IFP Advisors Inc’s holdings in Centene were worth $70,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Capital Advisors Ltd. LLC increased its stake in Centene by 75.3% in the 4th quarter. Capital Advisors Ltd. LLC now owns 412 shares of the company’s stock valued at $25,000 after buying an additional 177 shares during the last quarter. Private Trust Co. NA increased its stake in shares of Centene by 75.3% during the 3rd quarter. Private Trust Co. NA now owns 773 shares of the company’s stock worth $58,000 after purchasing an additional 332 shares during the last quarter. True Wealth Design LLC purchased a new stake in shares of Centene during the 3rd quarter worth approximately $66,000. Venturi Wealth Management LLC increased its stake in shares of Centene by 77.3% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,163 shares of the company’s stock worth $88,000 after purchasing an additional 507 shares during the last quarter. Finally, R Squared Ltd purchased a new stake in shares of Centene during the 4th quarter worth approximately $82,000. Hedge funds and other institutional investors own 93.63% of the company’s stock.

Analyst Ratings Changes

CNC has been the subject of several research analyst reports. Cantor Fitzgerald restated an “overweight” rating and set a $90.00 price target on shares of Centene in a research note on Wednesday, December 11th. Truist Financial decreased their price target on shares of Centene from $89.00 to $84.00 and set a “buy” rating for the company in a research note on Friday, December 13th. StockNews.com downgraded shares of Centene from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 6th. UBS Group raised shares of Centene from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $79.00 to $80.00 in a report on Friday, December 13th. Finally, Wells Fargo & Company cut their price objective on shares of Centene from $76.00 to $72.00 and set an “overweight” rating for the company in a report on Friday, February 14th. One analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Centene currently has an average rating of “Moderate Buy” and a consensus price target of $79.92.

Insider Activity

In related news, Director Thomas Greco acquired 17,000 shares of the stock in a transaction dated Wednesday, December 18th. The shares were purchased at an average price of $59.75 per share, for a total transaction of $1,015,750.00. Following the transaction, the director now owns 19,309 shares in the company, valued at $1,153,712.75. This represents a 736.25 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director H James Dallas bought 1,693 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was acquired at an average price of $59.01 per share, for a total transaction of $99,903.93. Following the transaction, the director now owns 1,693 shares in the company, valued at $99,903.93. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 23,693 shares of company stock worth $1,409,954. 0.33% of the stock is currently owned by corporate insiders.

Centene Stock Up 2.1 %

Shares of NYSE:CNC opened at $59.09 on Thursday. The firm has a fifty day moving average price of $60.86 and a two-hundred day moving average price of $64.78. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.11 and a quick ratio of 1.10. Centene Co. has a one year low of $55.03 and a one year high of $80.59. The company has a market cap of $29.31 billion, a price-to-earnings ratio of 9.47, a PEG ratio of 0.80 and a beta of 0.45.

Centene (NYSE:CNC) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.49 by $0.31. The firm had revenue of $40.81 billion during the quarter, compared to the consensus estimate of $38.78 billion. Centene had a net margin of 2.03% and a return on equity of 13.85%. The business’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same period last year, the firm earned $0.45 EPS. Analysts anticipate that Centene Co. will post 6.86 EPS for the current fiscal year.

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.