BlackRock Amends Centene Stake to 8.8% as of Dec 31, 2023

Ticker: CNC · Form: SC 13G/A · Filed: 2024-01-26T00:00:00.000Z

Sentiment: neutral

Topics: institutional-ownership, amendment, healthcare, large-cap

TL;DR

**BlackRock still a major player in Centene, holding 8.8% of shares as of year-end!**

AI Summary

BlackRock Inc. filed an amended SC 13G/A on January 26, 2024, disclosing its ownership in Centene Corp. As of December 31, 2023, BlackRock holds 49,909,006 shares of Centene's Common Stock, representing 8.8% of the company. This is an amendment (No. 14), indicating a change in their previous holdings. This matters to investors because BlackRock is a major institutional investor, and changes in their stake can signal their confidence (or lack thereof) in Centene's future performance, potentially influencing other investors.

Why It Matters

BlackRock's significant 8.8% ownership in Centene means they are a major shareholder, and their investment decisions can impact the stock's perception and stability.

Risk Assessment

Risk Level: low — This filing indicates a stable, significant institutional ownership, which generally reduces volatility and provides a level of confidence.

Analyst Insight

An investor should note BlackRock's continued significant stake in Centene, but also recognize that this is an amendment, implying past adjustments. It's wise to monitor future 13G/A filings for further changes in BlackRock's position, as large institutional movements can influence market sentiment.

Key Numbers

49,909,006 — Shares Owned (BlackRock's total beneficial ownership in Centene Corp as of December 31, 2023.)
8.8% — Ownership Percentage (BlackRock's percentage stake in Centene Corp, indicating a significant institutional holding.)
14 — Amendment Number (This is the 14th amendment to BlackRock's Schedule 13G filing for Centene, showing ongoing adjustments to their position.)

Key Players & Entities

BlackRock Inc. (company) — the reporting person and institutional investor
Centene Corp (company) — the subject company whose securities are being reported
49,909,006 (dollar_amount) — number of shares of Common Stock beneficially owned by BlackRock Inc.
8.8% (dollar_amount) — percentage of Centene Corp's class of securities beneficially owned by BlackRock Inc.
December 31, 2023 (date) — the date of the event which required the filing of this statement
January 26, 2024 (date) — the filing date of the SC 13G/A amendment

Forward-Looking Statements

BlackRock will maintain a significant, but potentially slightly adjusted, stake in Centene Corp throughout 2024. (BlackRock Inc.) — medium confidence, target: December 31, 2024

FAQ

What is the primary purpose of this SC 13G/A filing by BlackRock Inc. regarding Centene Corp?

The primary purpose of this SC 13G/A filing is for BlackRock Inc. to report its beneficial ownership of Centene Corp's Common Stock as of December 31, 2023, as an amendment (No. 14) to its previous filings, in accordance with Rule 13d-1(b) of the Securities Exchange Act of 1934.

How many shares of Centene Corp's Common Stock does BlackRock Inc. beneficially own according to this filing?

According to the filing, BlackRock Inc. beneficially owns 49,909,006 shares of Centene Corp's Common Stock as of December 31, 2023.

What percentage of Centene Corp's class of securities does BlackRock Inc.'s ownership represent?

BlackRock Inc.'s ownership represents 8.8% of Centene Corp's class of securities, specifically its Common Stock, as stated in the filing.

What was the 'Date of Event Which Requires Filing of this Statement' for this SC 13G/A?

The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as indicated on the cover page of the filing.

Under which rule of the Securities Exchange Act of 1934 was this Schedule 13G filed?

This Schedule 13G was filed under Rule 13d-1(b) of the Securities Exchange Act of 1934, as designated by the 'X' in the appropriate box on the cover page.

From the Filing

0001086364-24-004251.txt : 20240126 0001086364-24-004251.hdr.sgml : 20240126 20240126114938 ACCESSION NUMBER: 0001086364-24-004251 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240126 DATE AS OF CHANGE: 20240126 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CENTENE CORP CENTRAL INDEX KEY: 0001071739 STANDARD INDUSTRIAL CLASSIFICATION: HOSPITAL & MEDICAL SERVICE PLANS [6324] ORGANIZATION NAME: 02 Finance IRS NUMBER: 041406317 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-62421 FILM NUMBER: 24565779 BUSINESS ADDRESS: STREET 1: 7700 FORSYTH BLVD. CITY: ST LOUIS STATE: MO ZIP: 63105 BUSINESS PHONE: 3147254477 MAIL ADDRESS: STREET 1: 7700 FORSYTH BLVD. CITY: ST LOUIS STATE: MO ZIP: 63105 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G/A 1 us15135b1017_012624.txt us15135b1017_012624.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 14) CENTENE CORPORATION -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 15135B101 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 15135B101 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 36487409 (6) Shared voting power 0 (7) Sole dispositive power 40819347 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 40819347 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 7.6% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- CENTENE CORPORATION Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 7700 FORSYTH BLVD ST LOUIS MO 63105 Item 2. 2(a) Name of person filing: ---------------------------------------------------------------------- BlackRock, Inc. 2(b) Address or principal business office or, if none, residence: -------------------------------------------------------