World Equity Group Inc. Takes $535,000 Position in Centene Corporation $CNC

Posted by on Aug 11th, 2026

World Equity Group Inc. purchased a new position in shares of Centene Corporation (NYSE:CNC – Free Report) during the second quarter, Holdings Channel reports. The firm purchased 8,334 shares of the company’s stock, valued at approximately $535,000.

Several other institutional investors and hedge funds have also made changes to their positions in CNC. Baird Financial Group Inc. purchased a new position in Centene in the 1st quarter valued at approximately $236,000. Sivia Capital Partners LLC grew its stake in Centene by 80.0% during the 2nd quarter. Sivia Capital Partners LLC now owns 9,710 shares of the company’s stock worth $527,000 after purchasing an additional 4,315 shares in the last quarter. CW Advisors LLC grew its stake in Centene by 20.3% during the 2nd quarter. CW Advisors LLC now owns 4,863 shares of the company’s stock worth $264,000 after purchasing an additional 820 shares in the last quarter. NewEdge Advisors LLC increased its holdings in Centene by 6.1% during the 2nd quarter. NewEdge Advisors LLC now owns 44,945 shares of the company’s stock worth $2,440,000 after purchasing an additional 2,582 shares during the period. Finally, Treasurer of the State of North Carolina raised its position in Centene by 0.4% in the 2nd quarter. Treasurer of the State of North Carolina now owns 231,938 shares of the company’s stock valued at $12,590,000 after purchasing an additional 967 shares in the last quarter. 93.63% of the stock is currently owned by institutional investors and hedge funds.

Centene Stock Up 1.1%

Shares of NYSE CNC opened at $66.51 on Tuesday. Centene Corporation has a 1 year low of $25.23 and a 1 year high of $69.36. The firm’s 50 day moving average price is $64.58 and its 200 day moving average price is $51.10. The firm has a market cap of $32.86 billion, a P/E ratio of -6.37, a price-to-earnings-growth ratio of 0.35 and a beta of 1.08. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.15 and a current ratio of 1.15.

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

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Jefferies Financial Group raised their price objective on shares of Centene from $39.00 to $48.00 and gave the stock a “hold” rating in a research report on Wednesday, April 29th. Oppenheimer boosted their price target on Centene from $58.00 to $67.00 and gave the company an “outperform” rating in a research report on Wednesday, May 27th. Cantor Fitzgerald upped their price target on Centene from $60.00 to $75.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 7th. Wells Fargo & Company set a $69.00 price objective on shares of Centene and gave the company an “equal weight” rating in a research report on Monday, July 13th. Finally, Raymond James Financial set a $75.00 price objective on shares of Centene in a research note on Tuesday, July 7th. One investment 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 given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $68.58.

Read Our Latest Stock Analysis on Centene

About Centene

(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.

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Institutional Ownership by Quarter for Centene (NYSE:CNC)

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