Rep. Gilbert Ray Cisneros, Jr. Sells Off Shares of Centene Co. (NYSE:CNC)

Representative Gilbert Ray Cisneros, Jr. (D-California) recently sold shares of Centene Co. (NYSE:CNC). In a filing disclosed on April 07th, the Representative disclosed that they had sold between $1,001 and $15,000 in Centene stock on March 31st. The trade occurred in the Representative’s “150 MAIN STREET TRUST > BANK OF AMERICA” account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Purchased $15,001 – $50,000 in shares of PTC (NASDAQ:PTC) on 4/1/2025.
• Sold $1,001 – $15,000 in shares of W. R. Berkley (NYSE:WRB) on 4/1/2025.
• Sold $15,001 – $50,000 in shares of GoDaddy (NYSE:GDDY) on 4/1/2025.
• Purchased $1,001 – $15,000 in shares of Ford Motor (NYSE:F) on 3/31/2025.
• Sold $15,001 – $50,000 in shares of Microsoft (NASDAQ:MSFT) on 3/31/2025.
• Sold $15,001 – $50,000 in shares of Pfizer (NYSE:PFE) on 3/31/2025.
• Purchased $1,001 – $15,000 in shares of Boeing (NYSE:BA) on 3/31/2025.
• Sold $1,001 – $15,000 in shares of Hologic (NASDAQ:HOLX) on 3/31/2025.
• Sold $15,001 – $50,000 in shares of Merck & Co., Inc. (NYSE:MRK) on 3/31/2025.
• Sold $1,001 – $15,000 in shares of Tesla (NASDAQ:TSLA) on 3/31/2025.

Centene Price Performance

Shares of Centene stock opened at $62.65 on Thursday. The stock’s 50-day simple moving average is $59.49 and its 200-day simple moving average is $61.89. Centene Co. has a 52 week low of $55.03 and a 52 week high of $80.59. The company has a market capitalization of $31.08 billion, a price-to-earnings ratio of 10.04, a PEG ratio of 0.80 and a beta of 0.53. The company has a quick ratio of 1.10, a current ratio of 1.11 and a debt-to-equity ratio of 0.70.

Centene (NYSE:CNC) last issued its earnings results on Tuesday, February 4th. The company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.31. Centene had a return on equity of 13.85% and a net margin of 2.03%. The firm had revenue of $40.81 billion for the quarter, compared to analysts’ expectations of $38.78 billion. During the same period in the previous year, the firm posted $0.45 earnings per share. The business’s revenue was up 3.4% compared to the same quarter last year. As a group, analysts expect that Centene Co. will post 6.86 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently issued reports on CNC shares. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $75.00 price target (down previously from $80.00) on shares of Centene in a report on Tuesday, December 17th. Jefferies Financial Group upgraded Centene from an “underperform” rating to a “hold” rating and increased their price objective for the company from $53.00 to $64.00 in a report on Tuesday. Barclays upped their target price on Centene from $91.00 to $93.00 and gave the company an “overweight” rating in a research report on Friday, December 13th. UBS Group raised Centene from a “neutral” rating to a “buy” rating and upped their target price for the company from $79.00 to $80.00 in a research report on Friday, December 13th. Finally, Truist Financial cut their price target on Centene from $89.00 to $84.00 and set a “buy” rating on the stock in a research report on Friday, December 13th. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, Centene presently has an average rating of “Moderate Buy” and a consensus target price of $80.85.

Hedge Funds Weigh In On Centene

A number of large investors have recently modified their holdings of CNC. Ameriflex Group Inc. acquired a new stake in Centene during the 4th quarter valued at $26,000. Pinney & Scofield Inc. purchased a new position in shares of Centene in the 4th quarter worth $25,000. Capital Advisors Ltd. LLC raised its position in Centene by 75.3% in the fourth quarter. Capital Advisors Ltd. LLC now owns 412 shares of the company’s stock valued at $25,000 after purchasing an additional 177 shares during the period. Hurley Capital LLC purchased a new position in Centene in the fourth quarter valued at about $26,000. Finally, Rialto Wealth Management LLC purchased a new position in Centene in the fourth quarter valued at about $30,000. 93.63% of the stock is owned by hedge funds and other institutional investors.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California’s 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California’s 31st Congressional District. He declared candidacy for the 2026 election.

Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor’s degree in political science from George Washington University in 1994, a master’s in business administration from Regis University in 2002, and a master’s degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

About Centene

Centene Corporation operates as a healthcare enterprise that provides programs and services to under-insured and uninsured families, commercial organizations, and military families in the United States. The company operates through Medicaid, Medicare, Commercial, and Other segments. The Medicaid segment offers health plan coverage, including medicaid expansion, aged, blind, disabled, children’s health insurance program, foster care, medicare-medicaid plans, long-term services and support.