FMR LLC & Abigail Johnson Trim Centene Stake to 7.086%
Ticker: CNC · Form: SC 13G/A · Filed: Feb 9, 2024 · CIK: 1071739
| Field | Detail |
|---|---|
| Company | Centene Corp (CNC) |
| Form Type | SC 13G/A |
| Filed Date | Feb 9, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, healthcare, insider-holdings
TL;DR
**FMR LLC and Abigail Johnson now own 7.086% of Centene, down from previous filings.**
AI Summary
FMR LLC, a major investment firm, and its principal owner, Abigail P. Johnson, have updated their ownership stake in Centene Corp. As of December 31, 2023, they collectively beneficially own 37,854,078 shares of Centene's common stock, representing 7.086% of the company. This is an amendment to a previous filing, indicating a change in their holdings, which matters to investors as it shows a significant institutional investor's continued, albeit slightly reduced, confidence in Centene.
Why It Matters
This filing shows that a major institutional investor, FMR LLC, and its leader, Abigail P. Johnson, have slightly reduced their ownership in Centene, which could signal a shift in their investment strategy or outlook on the company's future performance.
Risk Assessment
Risk Level: low — This filing is a routine update of a significant investor's holdings and does not indicate any immediate high-risk events for the company.
Analyst Insight
Investors should note that a major institutional holder has slightly reduced its stake, which could warrant further investigation into Centene's recent performance or future outlook, but it's not a drastic change.
Key Numbers
- 37,854,078 — Shares Beneficially Owned (This is the total number of Centene common shares FMR LLC and Abigail P. Johnson collectively own.)
- 7.086% — Percent of Class (This represents the percentage of Centene's total common stock owned by FMR LLC and Abigail P. Johnson.)
Key Players & Entities
- FMR LLC (company) — reporting person and parent holding company
- Abigail P. Johnson (person) — reporting person, principal owner of FMR LLC
- CENTENE CORP (company) — the issuer of the securities
- 37,854,078 (dollar_amount) — total shares beneficially owned by FMR LLC and Abigail P. Johnson
- 7.086% (dollar_amount) — percentage of Centene's common stock beneficially owned
Forward-Looking Statements
- FMR LLC will continue to be a significant institutional holder of Centene Corp shares. (FMR LLC) — high confidence, target: 2025-02-09
FAQ
Who are the primary reporting persons in this SC 13G/A filing?
The primary reporting persons are FMR LLC and Abigail P. Johnson, as stated in Item 1 of the filing for each reporting person.
What is the total number of Centene Corp common shares beneficially owned by FMR LLC and Abigail P. Johnson?
FMR LLC and Abigail P. Johnson each beneficially own 37,854,078 shares of Centene Corp common stock, as indicated in Item 7 on their respective cover pages and Item 4(a) for FMR LLC.
What percentage of Centene Corp's common stock do FMR LLC and Abigail P. Johnson collectively own?
They collectively own 7.086% of Centene Corp's common stock, as stated in Item 11 on their respective cover pages and Item 4(b) for FMR LLC.
What is the CUSIP number for Centene Corp's common stock mentioned in this filing?
The CUSIP number for Centene Corp's common stock is 15135B101, as listed under 'Cusip #15135B101' in the filing.
What rule is this Schedule 13G filed under?
This Schedule 13G is filed pursuant to Rule 13d-1(b), as indicated by the 'x' next to '[x] Rule 13d-1(b)' in the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 9, 2024 by Abigail P. Johnson regarding CENTENE CORP (CNC).