Perigon Wealth Management LLC Takes $956,000 Position in Centene Corporation $CNC

Posted by Brenda Bartman on Aug 19th, 2026

Perigon Wealth Management LLC acquired a new stake in shares of Centene Corporation (NYSE:CNC – Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 14,894 shares of the company’s stock, valued at approximately $956,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. DV Equities LLC acquired a new position in shares of Centene during the 4th quarter valued at $26,000. IFC & Insurance Marketing Inc. acquired a new stake in shares of Centene in the fourth quarter valued at $28,000. SBI Securities Co. Ltd. boosted its stake in Centene by 118.4% during the fourth quarter. SBI Securities Co. Ltd. now owns 749 shares of the company’s stock valued at $31,000 after buying an additional 406 shares in the last quarter. Bayban acquired a new position in Centene during the fourth quarter worth about $33,000. Finally, MV Capital Management Inc. bought a new stake in Centene in the fourth quarter worth about $34,000. 93.63% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently weighed in on CNC. 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. UBS Group set a $79.00 target price on shares of Centene in a report on Tuesday. Cantor Fitzgerald raised their target price on shares of Centene from $60.00 to $75.00 and gave the stock an “overweight” rating in a report on Tuesday, July 7th. Bank of America lifted their price target 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. Finally, Wall Street Zen raised Centene from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 18th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $70.05.

Get Our Latest Research Report on CNC

Centene Stock Performance

Shares of CNC opened at $65.29 on Wednesday. The company has a 50-day moving average of $64.96 and a two-hundred day moving average of $52.01. The stock has a market cap of $32.25 billion, a price-to-earnings ratio of -6.25, a PEG ratio of 0.36 and a beta of 1.08. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.15 and a quick ratio of 1.15. Centene Corporation has a one year low of $28.24 and a one year high of $69.36.

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

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.