Centene Corporation $CNC Shares Bought by Gibbs Wealth Management

Posted by Francis Steltz on Jul 25th, 2026

Gibbs Wealth Management lifted its holdings in shares of Centene Corporation (NYSE:CNC – Free Report) by 106.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,881 shares of the company’s stock after acquiring an additional 15,441 shares during the quarter. Gibbs Wealth Management’s holdings in Centene were worth $978,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in CNC. AQR Capital Management LLC increased its holdings in Centene by 117.0% in the 4th quarter. AQR Capital Management LLC now owns 31,798,738 shares of the company’s stock valued at $1,308,518,000 after purchasing an additional 17,143,904 shares in the last quarter. Norges Bank acquired a new position in shares of Centene during the fourth quarter worth about $332,044,000. Deerfield Management Company L.P. boosted its position in shares of Centene by 184.0% in the third quarter. Deerfield Management Company L.P. now owns 9,046,000 shares of the company’s stock worth $322,761,000 after buying an additional 5,860,630 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of Centene by 52.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,171,568 shares of the company’s stock valued at $295,111,000 after buying an additional 2,472,341 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its holdings in shares of Centene by 535.6% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 2,750,326 shares of the company’s stock valued at $113,176,000 after buying an additional 2,317,618 shares during the period. 93.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Bank of America upped their price target on Centene from $72.00 to $74.00 and gave the stock a “buy” rating in a report on Thursday, June 4th. UBS Group reiterated a “neutral” rating and set a $61.00 price objective (up from $55.00) on shares of Centene in a research note on Friday, May 22nd. Wall Street Zen upgraded shares of Centene from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 18th. Jefferies Financial Group raised their price target on shares of Centene from $39.00 to $48.00 and gave the company a “hold” rating in a report on Wednesday, April 29th. Finally, TD Cowen reaffirmed a “hold” rating and set a $65.00 price target (up from $47.00) on shares of Centene in a research note on Tuesday, July 14th. Seven research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $64.61.

View Our Latest Research Report on Centene

Centene Price Performance

CNC stock opened at $63.35 on Friday. The stock’s 50 day moving average is $63.46 and its two-hundred day moving average is $49.69. Centene Corporation has a 52-week low of $25.08 and a 52-week high of $69.36. The company has a market capitalization of $31.28 billion, a PE ratio of -4.82, a P/E/G ratio of 0.50 and a beta of 1.07. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.76.

Centene (NYSE:CNC – Get Free Report) last released its earnings results on Tuesday, April 28th. The company reported $3.37 EPS for the quarter, beating the consensus estimate of $2.23 by $1.14. Centene had a positive return on equity of 5.57% and a negative net margin of 3.25%.The company had revenue of $49.94 billion during the quarter, compared to analysts’ expectations of $47.53 billion. During the same period in the prior year, the business posted $2.90 EPS. The business’s revenue was up 7.1% on a year-over-year basis. Analysts predict that Centene Corporation will post 3.44 earnings per share for the current fiscal year.

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.