Centene Corporation (CNC) is up 3.4% today. Here is some analysis on what might have caused this price movement. ([investors.centene.com](https://investors.centene.com/))
Analysis: The most likely driver appears to be continued investor optimism around Centene’s sharp 2026 earnings turnaround, helped by stronger margins and a higher full-year outlook from its last quarterly update. This could also be getting an extra lift from fresh bullish analyst-target activity circulating in market coverage, which reinforced the recovery story rather than pointing to a brand-new company-specific event today. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1071739/000107173926000154/a20260728ex991pressrelease.htm))
Details:
Sources:
Centene Investor Relations, SEC, StockAnalysis
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 3 times in the past 6 months. Of those trades, 0 have been purchases and 3 have been sales.
Here’s a breakdown of recent trading of $CNC stock by insiders over the last 6 months:
- CHRISTOPHER KOSTER (Secretary & General Counsel) has made 0 purchases and 2 sales selling 104,103 shares for an estimated $6,891,182.
- 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 552 institutional investors add shares of $CNC stock to their portfolio, and 494 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- WELLINGTON MANAGEMENT GROUP LLP added 10,757,914 shares (+423.0%) to their portfolio in Q2 2026, for an estimated $690,550,499
- SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 6,975,962 shares (+inf%) to their portfolio in Q2 2026, for an estimated $447,787,000
- VICTORY CAPITAL MANAGEMENT INC added 5,635,486 shares (+2262.0%) to their portfolio in Q2 2026, for an estimated $361,741,846
- AQR CAPITAL MANAGEMENT LLC removed 4,935,086 shares (-14.7%) from their portfolio in Q2 2026, for an estimated $316,783,170
- D. E. SHAW & CO., INC. removed 3,134,244 shares (-37.5%) from their portfolio in Q2 2026, for an estimated $201,187,122
- JANE STREET GROUP, LLC removed 3,104,291 shares (-44.8%) from their portfolio in Q2 2026, for an estimated $199,264,439
- HARRIS ASSOCIATES L P removed 2,969,891 shares (-21.1%) from their portfolio in Q2 2026, for an estimated $190,637,303
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.
