GK Wealth Management LLC Takes Position in Centene Corporation $CNC

GK Wealth Management LLC acquired a new position in shares of Centene Corporation (NYSE:CNC) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 8,024 shares of the company’s stock, valued at approximately $515,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. DV Equities LLC acquired a new stake in shares of Centene during the 4th quarter worth approximately $26,000. IFC & Insurance Marketing Inc. acquired a new position in Centene in the fourth quarter valued at approximately $28,000. SBI Securities Co. Ltd. grew its position in Centene by 118.4% in the fourth quarter. SBI Securities Co. Ltd. now owns 749 shares of the company’s stock worth $31,000 after acquiring an additional 406 shares during the period. Bayban acquired a new stake in Centene during the fourth quarter worth $33,000. Finally, MV Capital Management Inc. purchased a new stake in Centene in the fourth quarter valued at $34,000. 93.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Mizuho set a $63.00 price target on Centene and gave the stock a “neutral” rating in a report on Monday, June 8th. Wells Fargo & Company set a $69.00 price objective on shares of Centene and gave the company an “equal weight” rating in a report on Monday, July 13th. Morgan Stanley set a $66.00 target price on shares of Centene in a research note on Wednesday, July 29th. Jefferies Financial Group lifted their price target on shares of Centene from $39.00 to $48.00 and gave the company a “hold” rating in a research report on Wednesday, April 29th. Finally, UBS Group reissued a “neutral” rating and issued a $61.00 price target (up from $55.00) on shares of Centene in a research note on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Centene presently has a consensus rating of “Hold” and a consensus target price of $68.58.

Centene Price Performance

CNC stock opened at $63.88 on Wednesday. The business’s fifty day moving average price is $64.09 and its 200 day moving average price is $50.55. Centene Corporation has a 12-month low of $25.08 and a 12-month high of $69.36. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $31.56 billion, a PE ratio of -6.12, a P/E/G ratio of 0.34 and a beta of 1.08.

Centene (NYSE:CNC) last announced its earnings results on Tuesday, July 28th. The company reported $2.51 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $1.42. The company had revenue of $53.58 billion during the quarter, compared to analysts’ expectations of $47.64 billion. Centene had a positive return on equity of 12.12% and a negative net margin of 2.51%.Centene’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period last year, the business posted ($0.16) EPS. Centene has set its FY 2026 guidance at 4.800- EPS. On average, sell-side analysts anticipate that Centene Corporation will post 4.89 EPS for the current 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.