Toronto Dominion Bank lifted its stake in shares of Centene Corporation (NYSE:CNC) by 12.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 65,415 shares of the company’s stock after purchasing an additional 7,057 shares during the period. Toronto Dominion Bank’s holdings in Centene Corporation were worth $6,330,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Mckinley Capital Management LLC Delaware acquired a new position in shares of Centene Corporation during the 2nd quarter worth approximately $101,000. Seven Bridges Advisors LLC acquired a new position in shares of Centene Corporation during the 2nd quarter worth approximately $123,000. Baldwin Brothers Inc. MA acquired a new position in shares of Centene Corporation during the 3rd quarter worth approximately $185,000. IFP Advisors Inc boosted its holdings in shares of Centene Corporation by 9.6% during the 2nd quarter. IFP Advisors Inc now owns 1,944 shares of the company’s stock worth $155,000 after purchasing an additional 170 shares during the last quarter. Finally, Calamos Advisors LLC acquired a new position in shares of Centene Corporation during the 3rd quarter worth approximately $207,000. Institutional investors and hedge funds own 93.43% of the company’s stock.

In other news, Director Robert K. Ditmore sold 4,167 shares of the company’s stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $90.42, for a total transaction of $376,780.14. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 3.00% of the stock is currently owned by corporate insiders.

Shares of Centene Corporation (CNC) opened at $95.14 on Friday. Centene Corporation has a 12-month low of $54.40 and a 12-month high of $98.71. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a market capitalization of $16,560.00, a price-to-earnings ratio of 17.72, a PEG ratio of 1.42 and a beta of 0.67.

Centene Corporation (NYSE:CNC) last posted its quarterly earnings data on Tuesday, October 24th. The company reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates of $1.24 by $0.11. Centene Corporation had a return on equity of 14.79% and a net margin of 1.81%. The business had revenue of $11.90 billion for the quarter, compared to analyst estimates of $11.75 billion. During the same quarter in the prior year, the company earned $1.12 earnings per share. The company’s revenue was up 9.7% on a year-over-year basis. research analysts forecast that Centene Corporation will post 4.98 EPS for the current fiscal year.

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A number of research analysts recently commented on CNC shares. Cowen and Company reiterated a “buy” rating and issued a $115.00 price objective on shares of Centene Corporation in a report on Tuesday, October 24th. Oppenheimer Holdings, Inc. upped their price objective on Centene Corporation from $105.00 to $111.00 and gave the company an “outperform” rating in a report on Wednesday, October 25th. Jefferies Group LLC upped their price objective on Centene Corporation from $98.00 to $112.00 and gave the company a “buy” rating in a report on Friday, October 13th. Zacks Investment Research upgraded Centene Corporation from a “hold” rating to a “buy” rating and set a $107.00 price objective on the stock in a report on Friday, September 15th. Finally, Deutsche Bank AG reiterated a “buy” rating and issued a $111.00 price objective (up from $95.00) on shares of Centene Corporation in a report on Thursday, September 14th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seventeen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $99.11.

Centene Corporation Profile

Centene Corporation is a healthcare company. The Company provides a portfolio of services to government sponsored healthcare programs, focusing on under-insured and uninsured individuals. The Company operates through two segments: Managed Care and Specialty Services. The Company’s Managed Care segment provides health plan coverage to individuals, through government subsidized programs, including Medicaid, the State Children’s Health Insurance Program (CHIP), Long Term Care, Foster Care, dual-eligible individuals (Duals) and the Supplemental Security Income Program, also known as the Aged, Blind or Disabled Program (ABD), Medicare, and Health Insurance Marketplace.

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Institutional Ownership by Quarter for Centene Corporation (NYSE:CNC)

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