CNC
Centene Corporation
September 10, 2026 · market open
- Rarity
- 1.19
- Peak move
- +6.08%
- Float cap
- $30.9B
Centene is a managed care company providing health insurance and healthcare services to underserved populations. It serves more than 27 million members through Medicaid, Medicare, and commercial Marketplace plans, operating state-based health plans across the United States. The company also offers specialty pharmacy, vision, dental, and behavioral health services.
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What we found
12 events · 0 from SEC or newswire · 0 timed with the moveinsider_saleCentene General Counsel Christopher Koster sold 56,500 shares at an average price of $66.90, about $3.78 million, on August 26, reducing his ownership by 18.5% to 248,854 shares directly held.
institutional_flowEngineers Gate Manager LP cut its Centene position by 69.2% in the second quarter of 2026, selling 507,557 shares and retaining 225,393 shares valued at about $14.5 million.
credit_rating_changeFitch Ratings affirmed Centene's Long-Term Issuer Default Rating at 'BBB' and senior unsecured rating at 'BBB-', maintaining a Negative Outlook on the IDR, citing weakened earnings-based leverage and headwinds beyond 2026.
- Key event
layoff_restructuringCentene offered voluntary early-retirement packages to most of its roughly 61,000 employees as part of a workforce and cost-optimization program following declines in Medicaid and ACA Marketplace membership, while keeping its 2026 adjusted EPS guidance of more than $4.80.
- Key event
ceo_cfo_departureLong-time Centene CFO Drew Asher will step down at the end of 2026, with Chris Neczypor named to take over as chief financial officer effective January 1, 2027.
- Key event
policy_changeIn the ACA individual market Centene operates in, 2027 premium filings showed a median proposed increase of about 14%, following a 20% rise for 2026, with roughly 4 million fewer enrollees after pandemic-era subsidies ended.
institutional_flowSVB Wealth LLC reduced its Centene position by 28.9% in the second quarter, selling 16,252 shares to hold 39,907 shares worth about $2.56 million, per its latest SEC filing.
institutional_flowAmundi cut its Centene position by 22.3% during the second quarter, selling 865,580 shares and holding 3,008,407 shares worth about $193.1 million.
analyst_ratingSanford C. Bernstein reiterated its Buy rating and $79 price target on Centene, per analyst rating data listing the action under September 9, 2026.
litigation_outcomeA Florida grand jury report found that $10 million of Centene's ~$67 million Medicaid overbilling settlement was diverted to the Hope Florida Foundation, with Florida receiving only $56.25 million and $800,000 unrecovered.
institutional_flowHSBC Holdings cut its Centene stake by 2.3% in the second quarter, selling 22,701 shares to hold 977,215 shares worth about $62.7 million, according to its latest SEC filing.
executive_appointmentCentene appointed Bradley Bolivar as Chief Information Officer effective August 31, 2026, succeeding Brian LeClaire following his planned retirement.