Nykredit A S Takes Position in Centene Corporation $CNC

Posted by Francis Steltz on Sep 6th, 2026

Nykredit A S acquired a new position in Centene Corporation (NYSE:CNC – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 134,334 shares of the company’s stock, valued at approximately $8,623,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. BlackRock Inc. bought a new position in shares of Centene in the second quarter worth $2,660,422,000. AQR Capital Management LLC boosted its stake in Centene by 117.0% in the 4th quarter. AQR Capital Management LLC now owns 31,798,738 shares of the company’s stock worth $1,308,518,000 after purchasing an additional 17,143,904 shares during the period. Wellington Management Group LLP increased its position in shares of Centene by 423.0% during the second quarter. Wellington Management Group LLP now owns 13,301,215 shares of the company’s stock valued at $853,805,000 after buying an additional 10,757,914 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Centene by 5.5% in the fourth quarter. Geode Capital Management LLC now owns 13,271,492 shares of the company’s stock worth $554,338,000 after buying an additional 697,277 shares in the last quarter. Finally, Deerfield Management Company L.P. grew its stake in Centene by 184.0% during the third quarter. Deerfield Management Company L.P. now owns 9,046,000 shares of the company’s stock valued at $322,761,000 after acquiring an additional 5,860,630 shares in the last quarter. Institutional investors own 93.63% of the company’s stock.

Centene Price Performance

CNC opened at $66.92 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.15 and a quick ratio of 1.15. The stock’s 50 day simple moving average is $65.56 and its 200 day simple moving average is $54.18. The firm has a market cap of $33.06 billion, a price-to-earnings ratio of -6.41, a PEG ratio of 0.42 and a beta of 1.10. Centene Corporation has a 1 year low of $28.24 and a 1 year high of $69.36.

Centene (NYSE:CNC – Get Free Report) last released its quarterly earnings data on Monday, July 27th. The company reported $2.51 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $1.42. Centene had a positive return on equity of 12.12% and a negative net margin of 2.51%.The firm had revenue of $53.58 billion during the quarter, compared to analyst estimates of $47.64 billion. During the same quarter in the prior year, the firm posted ($0.16) earnings per share. The business’s quarterly revenue was up 9.9% compared to the same quarter last year. As a group, analysts predict that Centene Corporation will post 4.89 earnings per share for the current year.

Analyst Upgrades and Downgrades

CNC has been the topic of several recent analyst reports. Argus upgraded shares of Centene from a “hold” rating to a “buy” rating and set a $80.00 target price on the stock in a research note on Tuesday, August 11th. Zacks Research upgraded Centene from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 29th. Sanford C. Bernstein restated an “outperform” rating and issued a $79.00 price objective (up from $68.00) on shares of Centene in a report on Monday, August 3rd. Wells Fargo & Company set a $69.00 price objective on shares of Centene and gave the company an “equal weight” rating in a research note on Monday, July 13th. Finally, Bank of America lifted their target price on shares of Centene from $72.00 to $74.00 and gave the stock a “buy” rating in a research report on Thursday, June 4th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Centene has an average rating of “Hold” and an average target price of $70.05.

Check Out Our Latest Report on Centene

Insider Buying and Selling

In other Centene news, General Counsel Christopher Koster sold 56,500 shares of the stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $66.90, for a total transaction of $3,779,850.00. Following the completion of the sale, the general counsel owned 248,854 shares of the company’s stock, valued at $16,648,332.60. This represents a 18.50% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.37% of the stock is owned by corporate insiders.

Centene Profile

(Free Report)

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.