Centene Corp Ownership
| CNC Stock | USD 74.77 0.04 0.05% |
Shares in Circulation | First Issued 2000-12-31 | Previous Quarter 537.6 M | Current Value 538.1 M | Avarage Shares Outstanding 292.5 M | Quarterly Volatility 155 M |
Please note, institutional investors have a lot of resources and new technology at their disposal. They can put in a lot of research and financial analysis when reviewing investment options. There are many different types of institutional investors, including banks, hedge funds, insurance companies, and pension plans. One of the main advantages they have over retail investors is the fees paid for trades. As they are buying in large quantities, they can manage their cost more effectively.
Centene |
Centene Stock Ownership Analysis
About 98.0% of the company shares are held by institutions such as insurance companies. The company has price-to-book (P/B) ratio of 1.46. Some equities with similar Price to Book (P/B) outperform the market in the long run. Centene Corp has Price/Earnings To Growth (PEG) ratio of 0.68. The entity recorded earning per share (EPS) of 5.07. The firm last dividend was issued on the 29th of October 2010. Centene Corp had 2:1 split on the 7th of February 2019. Centene Corporation operates as a multi-national healthcare enterprise that provides programs and services to under-insured and uninsured individuals in the United States. Centene Corporation was founded in 1984 and is headquartered in St. Centene Corp operates under Healthcare Plans classification in the United States and is traded on New York Stock Exchange. It employs 72500 people. For more info on Centene Corp please contact Rich Fisher at 314 725 4477 or go to https://www.centene.com.Besides selling stocks to institutional investors, Centene Corp also allocates a substantial amount of its earnings to a pull of share-based compensation to be paid out to its employees, managers, executives, and members of the board of directors. Share-Based compensation (also sometimes called Stock-Based Compensation) is a way of paying different Centene Corp's stakeholders with equity in the business. It is typically used as a motivation factor for employees to contribute beyond their regular compensation (salary and bonus). It is also used as a tool to align Centene Corp's strategic interests with those of the company's shareholders. Shares issued to employees are usually subject to a vesting period before they are earned and sold.
Centene Corp Quarterly Liabilities And Stockholders Equity |
|
Centene Corp Insider Trades History
Less than 1% of Centene Corp are currently held by insiders. Unlike Centene Corp's institutional investors, corporate insiders most likely have a limit on the maximum percentage of share ownership. This is done to align insiders' influence against Centene Corp's private investors even though both sides will benefit from rising prices or experience loss when the share price declines. The good rule to have in mind is that the maximum share ownership percentage of the corporate insiders should not surpass 25%. View all of Centene Corp's insider trades
Centene Stock Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Centene Corp is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Centene Corp backward and forwards among themselves. Centene Corp's institutional investor refers to the entity that pools money to purchase Centene Corp's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Goldman Sachs Group Inc | 2023-12-31 | 9.1 M | Amvescap Plc. | 2023-12-31 | 8.8 M | Boston Partners Global Investors, Inc | 2023-12-31 | 8.6 M | Ubs Asset Mgmt Americas Inc | 2023-12-31 | 6.3 M | T. Rowe Price Associates, Inc. | 2023-12-31 | 6.1 M | Arrowstreet Capital Limited Partnership | 2023-12-31 | 5.8 M | Bank Of New York Mellon Corp | 2023-12-31 | 5.7 M | Morgan Stanley - Brokerage Accounts | 2023-12-31 | 5.6 M | Ameriprise Financial Inc | 2023-12-31 | 5.6 M | Vanguard Group Inc | 2023-12-31 | 61.2 M | Blackrock Inc | 2023-12-31 | 40.8 M |
Centene Corp Insider Trading Activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Centene Corp insiders, such as employees or executives, is commonly permitted as long as it does not rely on Centene Corp's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Centene Corp insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Kenneth Burdick over a month ago Acquisition by Kenneth Burdick of 388 shares of Centene Corp subject to Rule 16b-3 | ||
Keith Williamson over six months ago Bona fide gift to Keith Williamson of 700 shares of Centene Corp subject to Section 16 |
Centene Corp Outstanding Bonds
Centene Corp issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Centene Corp uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Centene bonds can be classified according to their maturity, which is the date when Centene Corp has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
| Centene 425 percent Corp BondUS15135BAR24 | View | |
| Centene 4625 percent Corp BondUS15135BAT89 | View | |
| US15135BAZ40 Corp BondUS15135BAZ40 | View | |
| Centene 3375 percent Corp BondUS15135BAV36 | View | |
| CENTENE P DEL Corp BondUS15135BAW19 | View | |
| US15135BAX91 Corp BondUS15135BAX91 | View | |
| US15135BAY74 Corp BondUS15135BAY74 | View |
Centene Corp Corporate Filings
F4 | 29th of April 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
10Q | 26th of April 2024 Quarterly performance report mandated by Securities and Exchange Commission (SEC), to be filed by publicly traded corporations | ViewVerify |
| 3rd of April 2024 Other Reports | ViewVerify | |
8K | 29th of March 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
Pair Trading with Centene Corp
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Centene Corp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Centene Corp will appreciate offsetting losses from the drop in the long position's value.Moving against Centene Stock
| 0.76 | INSP | Inspire Medical Systems Financial Report 7th of May 2024 | PairCorr |
| 0.57 | EHC | Encompass Health Corp | PairCorr |
| 0.54 | GKOS | Glaukos Corp | PairCorr |
| 0.48 | DXCM | DexCom Inc | PairCorr |
The ability to find closely correlated positions to Centene Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Centene Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Centene Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Centene Corp to buy it.
The correlation of Centene Corp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Centene Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Centene Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Centene Corp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Centene Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. For information on how to trade Centene Stock refer to our How to Trade Centene Stock guide.You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Complementary Tools for Centene Stock analysis
When running Centene Corp's price analysis, check to measure Centene Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Centene Corp is operating at the current time. Most of Centene Corp's value examination focuses on studying past and present price action to predict the probability of Centene Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Centene Corp's price. Additionally, you may evaluate how the addition of Centene Corp to your portfolios can decrease your overall portfolio volatility.
| Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges | |
| Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine | |
| Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios | |
| Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals |
Is Centene Corp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Centene Corp. If investors know Centene will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Centene Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.059 | Earnings Share 5.07 | Revenue Per Share 264.738 | Quarterly Revenue Growth 0.044 | Return On Assets 0.0367 |
The market value of Centene Corp is measured differently than its book value, which is the value of Centene that is recorded on the company's balance sheet. Investors also form their own opinion of Centene Corp's value that differs from its market value or its book value, called intrinsic value, which is Centene Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Centene Corp's market value can be influenced by many factors that don't directly affect Centene Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Centene Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Centene Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Centene Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.