Toronto Dominion Bank increased its stake in shares of Centene Corp (NYSE:CNC) by 13.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 74,295 shares of the company’s stock after purchasing an additional 8,880 shares during the quarter. Toronto Dominion Bank’s holdings in Centene were worth $7,495,000 as of its most recent filing with the SEC.
Other hedge funds also recently bought and sold shares of the company. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Centene during the fourth quarter worth approximately $131,000. Baldwin Brothers Inc. MA acquired a new stake in shares of Centene during the third quarter worth approximately $185,000. SeaCrest Wealth Management LLC acquired a new stake in shares of Centene during the fourth quarter worth approximately $188,000. Calamos Advisors LLC acquired a new stake in shares of Centene during the third quarter worth approximately $207,000. Finally, Commerzbank Aktiengesellschaft FI acquired a new stake in shares of Centene during the third quarter worth approximately $207,000. Institutional investors and hedge funds own 90.53% of the company’s stock.
In related news, EVP Christopher D. Bowers sold 4,800 shares of the business’s stock in a transaction on Monday, March 12th. The shares were sold at an average price of $102.27, for a total transaction of $490,896.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Jesse N. Hunter sold 10,000 shares of the business’s stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $98.73, for a total transaction of $987,300.00. The disclosure for this sale can be found here. Insiders have sold 37,300 shares of company stock worth $3,802,509 in the last ninety days. 3.00% of the stock is currently owned by insiders.
Centene Corp (NYSE CNC) opened at $101.67 on Wednesday. Centene Corp has a 52-week low of $65.03 and a 52-week high of $112.42. The company has a market cap of $17,579.84, a P/E ratio of 19.94, a PEG ratio of 0.97 and a beta of 0.76. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.93 and a quick ratio of 0.93.
Centene (NYSE:CNC) last released its quarterly earnings results on Tuesday, February 6th. The company reported $0.97 EPS for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.03. Centene had a net margin of 1.71% and a return on equity of 13.68%. The company had revenue of $12.81 billion for the quarter, compared to analyst estimates of $12.25 billion. During the same quarter last year, the firm posted $1.19 earnings per share. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. sell-side analysts forecast that Centene Corp will post 7.2 EPS for the current year.
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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