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Insider Trends: Centene Insider Receives Stock Award, Trend of Buys Extended

05/11/2021 15:02

07:02 PM EDT, 05/11/2021 (MT Newswires) -- Andrew Lynn Asher, EVP & CFO, May 07, 2021, was awarded 50,000 Centene (CNC) shares which translated into approximately $3,478,000 based on the daily closing price. Asher, after the transactions disclosed in the SEC Form 4 filing, owns 234,054 shares of the company, which have a market value of $16.3 million as of the prior-day closing price.

During the most recent 90-day period, prior to the date of this filing, there have been 30 insider transactions reported to the SEC for Centene. These transactions came from the activities of 18 separate insiders that resulted in a net acquisition of 3,620 company shares. This compares with the preceding 90-day window of time where there were 34 transactions from 14 insiders which resulted in the net acquisition of 552,388 shares.

This is a lower level of transactions than the peer group average in the 11-company Managed Healthcare peer group over the last 90-day period. Peer group activity averaged 332.8 transactions per company, and disposition of 34,951 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/1071739/000107173921000143/xslF345X03/wf-form4_162077399629830.xml

This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.