Centene Corp (NYSE:CNC) CFO Jeffrey A. Schwaneke sold 4,000 shares of the company’s stock in a transaction dated Tuesday, January 15th. The shares were sold at an average price of $125.00, for a total value of $500,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Centene stock traded down $1.19 on Thursday, hitting $125.27. 990,762 shares of the company’s stock were exchanged, compared to its average volume of 1,928,955. The stock has a market capitalization of $25.69 billion, a PE ratio of 24.90, a P/E/G ratio of 1.03 and a beta of 1.27. Centene Corp has a 1 year low of $97.61 and a 1 year high of $148.98. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.03 and a quick ratio of 1.03.
Centene (NYSE:CNC) last issued its quarterly earnings results on Tuesday, October 23rd. The company reported $1.79 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.77 by $0.02. The business had revenue of $16.18 billion for the quarter, compared to analysts’ expectations of $15.93 billion. Centene had a net margin of 1.58% and a return on equity of 14.42%. The company’s revenue was up 36.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.35 EPS. As a group, research analysts anticipate that Centene Corp will post 7.04 EPS for the current year.
Institutional investors have recently modified their holdings of the company. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Centene in the 2nd quarter valued at $303,000. Morgan Stanley boosted its holdings in shares of Centene by 7.4% in the 2nd quarter. Morgan Stanley now owns 668,772 shares of the company’s stock valued at $82,401,000 after purchasing an additional 45,996 shares in the last quarter. Macquarie Group Ltd. boosted its holdings in shares of Centene by 32.5% in the 2nd quarter. Macquarie Group Ltd. now owns 88,472 shares of the company’s stock valued at $10,900,000 after purchasing an additional 21,684 shares in the last quarter. Putnam Investments LLC boosted its holdings in shares of Centene by 5,732.3% in the 2nd quarter. Putnam Investments LLC now owns 151,057 shares of the company’s stock valued at $18,611,000 after purchasing an additional 148,467 shares in the last quarter. Finally, Glenmede Trust Co. NA boosted its holdings in shares of Centene by 13.7% in the 2nd quarter. Glenmede Trust Co. NA now owns 338,433 shares of the company’s stock valued at $41,698,000 after purchasing an additional 40,721 shares in the last quarter. Institutional investors and hedge funds own 88.63% of the company’s stock.
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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. It operates through two segments, Managed Care and Specialty Services. The Managed Care segment offers health plan coverage to individuals through government subsidized programs, including Medicaid, the State children's health insurance program, long-term care, foster care, and dual eligible individual, as well as aged, blind, or disabled programs.
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