TD Asset Management Inc Has $6.77 Million Position in Centene Corporation $CNC

TD Asset Management Inc lowered its position in shares of Centene Corporation (NYSE:CNC) by 11.3% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 189,716 shares of the company’s stock after selling 24,226 shares during the quarter. TD Asset Management Inc’s holdings in Centene were worth $6,769,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. WPG Advisers LLC grew its holdings in shares of Centene by 44.5% during the 3rd quarter. WPG Advisers LLC now owns 915 shares of the company’s stock worth $33,000 after purchasing an additional 282 shares in the last quarter. Versant Capital Management Inc raised its holdings in shares of Centene by 11.6% during the 3rd quarter. Versant Capital Management Inc now owns 3,421 shares of the company’s stock worth $122,000 after buying an additional 355 shares in the last quarter. Snowden Capital Advisors LLC boosted its stake in shares of 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 purchasing an additional 374 shares in the last quarter. Financial Network Wealth Advisors LLC increased its position in Centene by 54.9% during the 3rd 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 in the last quarter. Finally, Geneos Wealth Management Inc. boosted its position in Centene by 29.8% in the second quarter. Geneos Wealth Management Inc. now owns 1,897 shares of the company’s stock valued at $103,000 after buying an additional 435 shares in the last quarter. Institutional investors own 93.63% of the company’s stock.

Wall Street Analysts Forecast Growth

CNC has been the topic of a number of recent research reports. Argus raised Centene to a “hold” rating in a research note on Monday, February 9th. Sanford C. Bernstein reiterated an “outperform” rating and set a $59.00 price target on shares of Centene in a report on Tuesday, January 6th. Deutsche Bank Aktiengesellschaft lifted their target price on Centene from $32.00 to $39.00 and gave the stock a “hold” rating in a report on Tuesday, February 10th. Robert W. Baird lifted their price objective on Centene from $28.00 to $36.00 and gave the stock a “neutral” rating in a research note on Thursday, December 11th. Finally, Barclays set a $44.00 target price on shares of Centene and gave the company an “equal weight” rating in a research report on Tuesday, November 4th. Three research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $42.00.

Centene Trading Down 0.7%

CNC opened at $44.56 on Tuesday. The company has a fifty day moving average price of $42.93 and a two-hundred day moving average price of $37.76. Centene Corporation has a 1-year low of $25.08 and a 1-year high of $66.03. The company has a market cap of $21.91 billion, a P/E ratio of -3.27, a price-to-earnings-growth ratio of 1.00 and a beta of 0.48. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.87.

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

Centene Company Profile

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.