Thrivent Financial for Lutherans significantly reduced its stake in Centene Corporation (NYSE:CNC) by 98.1% in the third quarter, selling over 1.7 million shares. Despite this, other institutional investors have either increased their holdings or initiated new positions in Centene. The company recently beat quarterly earnings estimates but issued lower-than-expected full-year 2026 EPS guidance, leading to a “Hold” average analyst rating with a $41.50 price target.
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Thrivent Financial for Lutherans Cuts Position in Centene Corporation $CNC
Thrivent Financial for Lutherans significantly reduced its stake in Centene Corporation (NYSE:CNC) by 98.1% in the third quarter, selling over 1.7 million shares. Despite this, other institutional investors have either increased their holdings or initiated new positions in Centene. The company recently beat quarterly earnings estimates but issued lower-than-expected full-year 2026 EPS guidance, leading to a “Hold” average analyst rating with a $41.50 price target.