Centene Corporation (CNC) is up 3.2% today. Here is some analysis on what might have caused this price movement.
Analysis: The most likely driver is a broader rebound in managed-care stocks after a major industry peer posted better-than-expected quarterly results and raised its 2026 outlook, which helped sentiment across Medicaid-focused insurers. Centene also has its own supportive backdrop after winning an Illinois Medicaid contract earlier this month and heading into its July 28, 2026 second-quarter earnings release.
Details:
Sources:
Centene Corporation, UnitedHealth Group, MarketScreener
Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.
$CNC Insider Trading Activity
$CNC insiders have traded $CNC stock on the open market 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $CNC stock by insiders over the last 6 months:
- KENNETH A BURDICK sold 80,000 shares for an estimated $5,164,000
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$CNC Hedge Fund Activity
We have seen 378 institutional investors add shares of $CNC stock to their portfolio, and 436 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- HARRIS ASSOCIATES L P added 5,043,977 shares (+55.7%) to their portfolio in Q1 2026, for an estimated $165,139,806
- BLACKROCK, INC. removed 4,574,465 shares (-10.3%) from their portfolio in Q1 2026, for an estimated $149,767,984
- TWO SIGMA INVESTMENTS, LP added 4,353,026 shares (+182.1%) to their portfolio in Q1 2026, for an estimated $142,518,071
- BOSTON PARTNERS removed 4,127,038 shares (-92.3%) from their portfolio in Q1 2026, for an estimated $135,119,224
- ACADIAN ASSET MANAGEMENT LLC added 3,220,334 shares (+202.4%) to their portfolio in Q1 2026, for an estimated $105,433,735
- CITADEL ADVISORS LLC removed 2,927,753 shares (-62.8%) from their portfolio in Q1 2026, for an estimated $95,854,633
- JANE STREET GROUP, LLC added 2,862,147 shares (+70.5%) to their portfolio in Q1 2026, for an estimated $93,706,692
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
$CNC Price Targets
Multiple analysts have issued price targets for $CNC recently. We have seen 14 analysts offer price targets for $CNC in the last 6 months, with a median target of $62.0.
Here are some recent targets:
- Ben Hendrix from RBC Capital set a target price of $71.0 on 07/09/2026
- Sarah James from Cantor Fitzgerald set a target price of $75.0 on 07/07/2026
- John Stansel from JP Morgan set a target price of $60.0 on 06/08/2026
- Ann Hynes from Mizuho set a target price of $63.0 on 06/08/2026
- Ricky Goldwasser from Morgan Stanley set a target price of $57.0 on 06/04/2026
- Kevin Fischbeck from B of A Securities set a target price of $74.0 on 06/04/2026
- David Macdonald from Truist Securities set a target price of $71.0 on 06/01/2026
This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.
