Representative Gilbert Ray Cisneros, Jr. (D-California) recently bought shares of Centene Corporation (NYSE:CNC). In a filing disclosed on September 12th, the Representative disclosed that they had bought between $1,001 and $15,000 in Centene stock on August 5th. The trade occurred in the Representative's "150 MAIN STREET TRUST > BANK OF AMERICA" account.
Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):
- Purchased $1,001 - $15,000 in shares of Semtech NASDAQ: SMTC on 9/2/2025.
- Sold $1,001 - $15,000 in shares of Chart Industries NYSE: GTLS on 9/2/2025.
- Purchased $1,001 - $15,000 in shares of Avient NYSE: AVNT on 9/2/2025.
- Sold $1,001 - $15,000 in shares of Amdocs NASDAQ: DOX on 8/27/2025.
- Sold $1,001 - $15,000 in shares of Amdocs NASDAQ: DOX on 8/26/2025.
- Purchased $1,001 - $15,000 in shares of Intapp NASDAQ: INTA on 8/26/2025.
- Purchased $1,001 - $15,000 in shares of APi Group NYSE: APG on 8/26/2025.
- Purchased $1,001 - $15,000 in shares of Waters NYSE: WAT on 8/26/2025.
- Purchased $1,001 - $15,000 in shares of Semtech NASDAQ: SMTC on 8/26/2025.
- Sold $1,001 - $15,000 in shares of Fortive NYSE: FTV on 8/26/2025.
Centene Trading Down 1.2%
Shares of NYSE CNC traded down $0.40 during mid-day trading on Friday, hitting $31.77. The stock had a trading volume of 21,226,090 shares, compared to its average volume of 12,909,675. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.10 and a current ratio of 1.10. Centene Corporation has a 1 year low of $25.08 and a 1 year high of $76.08. The business has a 50 day moving average price of $28.70 and a two-hundred day moving average price of $46.91. The firm has a market cap of $15.60 billion, a P/E ratio of 7.86, a price-to-earnings-growth ratio of 1.29 and a beta of 0.44.
Centene (NYSE:CNC - Get Free Report) last issued its earnings results on Friday, July 25th. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of $0.23 by ($0.39). Centene had a return on equity of 9.57% and a net margin of 1.15%.The firm had revenue of $48.74 billion during the quarter, compared to analysts' expectations of $44.71 billion. During the same period in the previous year, the firm earned $2.42 earnings per share. The firm's quarterly revenue was up 22.4% compared to the same quarter last year. Centene has set its FY 2025 guidance at 1.750-1.750 EPS. On average, equities analysts anticipate that Centene Corporation will post 6.86 EPS for the current fiscal year.
Analyst Ratings Changes
A number of analysts have recently commented on the stock. Wells Fargo & Company cut shares of Centene from an "overweight" rating to an "equal weight" rating and dropped their target price for the company from $72.00 to $30.00 in a report on Wednesday, July 23rd. Barclays upped their price target on shares of Centene from $33.00 to $35.00 and gave the company an "equal weight" rating in a research report on Friday, September 12th. Truist Financial upped their price target on shares of Centene from $35.00 to $39.00 and gave the company a "buy" rating in a research report on Friday, September 12th. UBS Group cut their price objective on Centene from $45.00 to $31.00 and set a "neutral" rating for the company in a research note on Monday, July 28th. Finally, Cantor Fitzgerald reaffirmed a "neutral" rating and set a $38.00 price objective on shares of Centene in a report on Tuesday, August 26th. Three research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Centene currently has an average rating of "Hold" and a consensus price target of $38.33.
Get Our Latest Research Report on CNC
Insiders Place Their Bets
In other Centene news, CEO Sarah London bought 19,230 shares of Centene stock in a transaction on Friday, August 8th. The shares were acquired at an average price of $25.50 per share, for a total transaction of $490,365.00. Following the completion of the purchase, the chief executive officer directly owned 845,275 shares in the company, valued at approximately $21,554,512.50. This trade represents a 2.33% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Theodore R. Samuels II bought 9,000 shares of Centene stock in a transaction on Monday, July 28th. The stock was acquired at an average price of $27.62 per share, for a total transaction of $248,580.00. Following the purchase, the director owned 32,000 shares of the company's stock, valued at approximately $883,840. This trade represents a 39.13% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.36% of the company's stock.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Norges Bank bought a new stake in Centene in the second quarter worth $1,435,997,000. AQR Capital Management LLC lifted its position in Centene by 42.7% in the first quarter. AQR Capital Management LLC now owns 11,049,494 shares of the company's stock worth $669,820,000 after buying an additional 3,306,796 shares during the last quarter. Nuveen LLC purchased a new stake in Centene in the first quarter worth $146,557,000. Boston Partners increased its stake in Centene by 155.3% in the first quarter. Boston Partners now owns 3,901,603 shares of the company's stock worth $236,802,000 after purchasing an additional 2,373,280 shares during the period. Finally, Two Sigma Investments LP increased its stake in Centene by 1,788.1% in the fourth quarter. Two Sigma Investments LP now owns 2,245,511 shares of the company's stock worth $136,033,000 after purchasing an additional 2,126,582 shares during the period. 93.63% of the stock is currently owned by institutional investors.
About Representative Cisneros
Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California's 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.
Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California's 31st Congressional District. He declared candidacy for the 2026 election.
Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor's degree in political science from George Washington University in 1994, a master's in business administration from Regis University in 2002, and a master's degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.
Centene Company Profile
(
Get Free Report)
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.
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