CNC - Centene Corporation

NYSE - NYSE Delayed price. Currency in USD
65.11
+0.72 (+1.12%)
At close: 4:00PM EDT
Stock chart is not supported by your current browser
Previous close64.39
Open65.26
Bid64.85 x 800
Ask65.25 x 1100
Day's range64.43 - 65.80
52-week range41.62 - 74.70
Volume3,731,899
Avg. volume5,002,885
Market cap37.707B
Beta (5Y monthly)0.91
PE ratio (TTM)20.16
EPS (TTM)3.23
Earnings date21 Jul 2020 - 27 Jul 2020
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target est85.36
  • Why Should You Hold on to Centene Stock in Your Portfolio?
    Zacks

    Why Should You Hold on to Centene Stock in Your Portfolio?

    Riding high on a healthy revenue stream and a solid 2020 guidance, Centene (CNC) holds potential to benefit its investors.

  • Is Centene (CNC) Stock Undervalued Right Now?
    Zacks

    Is Centene (CNC) Stock Undervalued Right Now?

    Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

  • Despite Its High P/E Ratio, Is Centene Corporation (NYSE:CNC) Still Undervalued?
    Simply Wall St.

    Despite Its High P/E Ratio, Is Centene Corporation (NYSE:CNC) Still Undervalued?

    Today, we'll introduce the concept of the P/E ratio for those who are learning about investing. To keep it practical...

  • Are Investors Undervaluing Centene (CNC) Right Now?
    Zacks

    Are Investors Undervaluing Centene (CNC) Right Now?

    Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

  • Centene Corp (CNC) Q1 2020 Earnings Call Transcript
    Motley Fool

    Centene Corp (CNC) Q1 2020 Earnings Call Transcript

    Michael Neidorff, Chairman, President and Chief Executive Officer and Jeff Schwaneke, Executive Vice President and Chief Financial Officer of Centene will host this morning's call, which also can be accessed through our website at centene.com. A replay will be available shortly after the call's completion also at centene.com or by dialing 877-344-7529 in the U.S. and Canada or in other countries by dialing 412-317-0088.

  • What's Behind Centene's Disappointing Q1 Update
    Motley Fool

    What's Behind Centene's Disappointing Q1 Update

    The managed care company's revenue beat wasn't enough to overcome its lower-than-expected earnings and a relatively weak full-year outlook.

  • CNC SHAREHOLDER ALERT: Bernstein Liebhard Announces an Investigation into Centene Corporation, and Encourages Investors to Contact the Firm
    Business Wire

    CNC SHAREHOLDER ALERT: Bernstein Liebhard Announces an Investigation into Centene Corporation, and Encourages Investors to Contact the Firm

    Bernstein Liebhard, a nationally acclaimed investor rights law firm, is investigating potential claims on behalf of shareholders of Centene Corporation ("Centene" or the "Company") (NYSE: CNC) from allegations that Centene’s Board of Directors may have breached their fiduciary duties in the manner they provided health care to prisoners in their correctional facility customers.

  • Centene Corporation's (NYSE:CNC) Earnings Grew 47%, Did It Beat Long-Term Trend?
    Simply Wall St.

    Centene Corporation's (NYSE:CNC) Earnings Grew 47%, Did It Beat Long-Term Trend?

    In this article, I will take a look at Centene Corporation's (NYSE:CNC) most recent earnings update (31 December 2019...

  • Health insurance industry eyes federal aid amid coronavirus pandemic
    Yahoo Finance

    Health insurance industry eyes federal aid amid coronavirus pandemic

    As American insurers expand coverage for treatment related to the coronavirus, questions are arising about whether insurers will ask for federal aid and whether premiums for Americans will rise in 2021.

  • Is Centene Corporation's (NYSE:CNC) 10% ROE Strong Compared To Its Industry?
    Simply Wall St.

    Is Centene Corporation's (NYSE:CNC) 10% ROE Strong Compared To Its Industry?

    While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...

  • Wall Street Renews Scrutiny of Biden’s Policies After New Wins
    Bloomberg

    Wall Street Renews Scrutiny of Biden’s Policies After New Wins

    (Bloomberg) -- With Joe Biden continuing to gather strength, his policies on issues from banking regulations to gun control will get fresh scrutiny from investors who’ve so far been comforted by the assumption he’s a moderate, analysts said after the former vice president’s string of primary victories on “Mini Tuesday.”The $19 billion Health Care Select Sector SPDR Fund (ticker XLV) fell as much as 3.3% on Wednesday, less than the broad market decline. The health sector has been volatile as Bernie Sanders’ prospects have shifted. Health insurers came under pressure as the Vermont senator ran on a platform of Medicare for All, a single-payer system which would do away with private insurance markets.Investors were rattled on Wednesday after the Trump administration failed to offer a comprehensive fiscal plan for handling the coronavirus outbreak. Goldman slashed its S&P 500 forecast, calling an end to the bull market, and separately said the equity market is overly complacent about the possible damage from the coronavirus. Analysts are keeping a close eye on the virus’s economic impact for signals about President Trump’s chances for re-election in November.Here’s a sample of the latest commentary:Pangaea Policy, Terry HainesBiden’s wins are “market positive in the short and medium term because they solidify the comforting narrative that the Democratic general election candidate will be a relative centrist and known quantity, not ‘democratic socialist’ Sanders,” Haines wrote.However, Biden likely “becomes a market negative in the medium- to long-term because of increasing market unease about the ‘Biden Trojan Horse’ candidacy, particularly when coronavirus-related market concerns become assimilated or fade and more market attention returns to U.S. politics,” he said. Haines flagged “progressive-centrist disconnects” across the board, including on financial services, gun control and energy policies.He also sees “meaningful general election implications” from Trump’s coronavirus stimulus efforts. If “congressional Democrats are unable to support many kinds of economic relief, including to energy producers, it is very likely to have materially negative effects on how the likely Biden ticket is viewed in swing states this fall.”Haines gave Biden a 75% chance of winning the nomination outright, and sees Trump as a 60/40 general election favorite, adding that the “is Biden up to it?” narrative is taking hold and bolstering Trump’s chances.Raymond James, Ed Mills“Most of the immediate market impact of a Biden nomination was seen last Monday,” after his win in South Carolina, and following Super Tuesday, Mills wrote in a note. Now, “potential policy proposals of a Biden presidency will get more attention.”Mills added that the “medical, economic and market outcome of Covid-19 will be a significant factor in the 2020 election.” If the situation deteriorates, he sees better chances for Biden and a greater probability of an all-Democratic government. On the other hand, “should Covid-19 avoid the worse-case scenarios/the economy and market have a significant second-half recovery, the momentum is likely to swing back towards Trump.”Bernstein, Lance WilkesGiven Biden’s push to expand Obamacare rather than move to a single-payer system, his wins are positive for managed care and hospitals and “should reduce the uncertainty discount applied to the sector.”Health insurers focused on Medicaid and individual insurance, like Centene Corp. and Anthem Inc., may benefit the most. Centene fell as much as 4.3% Wednesday, while Anthem lost as much as 2.9%.Cantor, Steven HalperBuy the weakness in health insurers as chances of a single-payer system got even slimmer.The sector is being tamped down by “overdone” fears on the spread of the coronavirus, but “valuation levels of managed care stocks should increase as the likelihood of Mr. Biden’s nomination increases.”Cowen, Chris KruegerThe next scheduled catalysts are a debate on Sunday and four big primaries on Tuesday in Arizona, Florida, Illinois and Ohio, Krueger wrote. “Biden should run the table by huge margins in these states, when it will basically be over,” he said.(Disclaimer: Michael Bloomberg, the founder and majority owner of Bloomberg LP, also sought the Democratic presidential nomination. He endorsed Joe Biden on March 4.)(Adds Cantor remarks)To contact the reporters on this story: Felice Maranz in New York at fmaranz@bloomberg.net;Cristin Flanagan in New York at cflanagan1@bloomberg.netTo contact the editors responsible for this story: Catherine Larkin at clarkin4@bloomberg.net, Kristine Owram, Scott SchnipperFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Biden Comeback Drives $48 Billion Gain for Health Insurers
    Bloomberg

    Biden Comeback Drives $48 Billion Gain for Health Insurers

    (Bloomberg) -- Health insurers added about $48 billion in market value and led U.S. stock market gains on Wednesday after Joe Biden’s once-faltering Democratic presidential campaign was reanimated on Super Tuesday.The country’s largest health insurer, UnitedHealth Group Inc., increased its market capitalization by more than $20 billion in one day as Wall Street looks on a candidacy of the former vice president more favorably than that of Senator Bernie Sanders. Sanders has campaigned on the promise of Medicare-for-all, which poses a threat to private insurers.Biden favors building upon Obama’s Affordable Care Act, and may look to expand the private Medicare Advantage market, where UnitedHealth dominates. Medicare Advantage allows beneficiaries to get coverage from private insurers. Anthem Inc. and UnitedHealth both had the biggest gain since Oct. 2008, climbing as much as 16% and 13%, respectively.Centene Corp. also climbed, rising as much as 17%, shaking off a disappointing 2020 forecast on Tuesday night. Citi’s Ralph Giacobbe opened a positive catalyst watch on the stock last night, calling Super Tuesday and the guidance a “clearing event” for Centene. Bernstein’s Lance Wilkes said insurers with ties to Medicaid and health-care exchanges should fare particularly well.Humana Inc. and Cigna Corp. also posted double-digit gains, rounding out the top five performers on the S&P 500 Index Wednesday morning. EHealth Inc., a company with an online comparison tool for Medicare plans, rose as much as 23%.The Health Care Select Sector SPDR Fund, known by its ticker XLV, rose as much as 4.7% after closing down yesterday. Goldman Sach has been calling for a relief rally for the sector despite options trading pointing to a bearish outlook. XLV had lost nearly 10% from its Jan. 22 record before today.Biden’s sweep on Super Tuesday “will spur positive returns across the health-care insurance peer group” as well as other closely tied sectors that the Sanders campaign had been targeting, said Jared Holz, a health-care strategist at Jefferies. Michael Bloomberg, the founder and majority owner of Bloomberg LP, the parent company of Bloomberg News., ended his bid for the nomination while throwing his weight behind Biden.The Democratic contest remains a “a fluid situation,” Holz said. He added that “this week has already proven, major shifts in campaign forces can occur in a blink.”(Updates valuations and adds Bloomberg ending his campaign.)To contact the reporter on this story: Cristin Flanagan in New York at cflanagan1@bloomberg.netTo contact the editors responsible for this story: Catherine Larkin at clarkin4@bloomberg.net, Steven Fromm, Kristine OwramFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Managed Care Peers Jump as Sanders Bid Hurt by Rivals’ Exits
    Bloomberg

    Managed Care Peers Jump as Sanders Bid Hurt by Rivals’ Exits

    (Bloomberg) -- U.S. health insurers rose the most in five months after two Democratic presidential hopefuls wthdrew from the race and said they would endorse Joe Biden, pressuring Bernie Sanders’s Medicare for All plan.The seven-member index of S&P managed care companies extended gains around midday Monday, after Senator Amy Klobuchar (D-Minn.) ended her bid for the presidency and said she plans to endorse the former vice president for the party’s nomination. The stocks continued to climb as the Associated Press reported fellow rival Pete Buttigieg would also support Biden after halting his own campaign over the weekend.Humana Inc., UnitedHealth Group Inc., Anthem Inc. and Centene Corp. advanced at least 4.6% each, spurring the index to its best day since October 15. The reaction comes as investors leaned into bets that the pair’s backers will side with Biden, and not Senator Sanders.Wall Street has warned that Sanders’s political ascendancy could impact the health sector, and most notably those in the managed care space. His push for a single payer health system, known as Medicare for All, would make health insurers among those most vulnerable to a Sanders presidency.The index has lost 7.8% so far in 2020, despite Monday’s 6.6% rally, as investors weigh challengers to President Donald Trump in November. Monday’s climb marked the group’s best single-day advance in five months, when UnitedHealth, the industry’s biggest company, reported quarterly results that topped expectations. The year-to-date drop stands in contrast to the S&P 500 Index’s roughly 4.4% decline this year.The news comes less than 24 hours ahead of Super Tuesday, a day where Democrats in 14 states vote in the single biggest day of balloting.(Updates to include details about Pete Buttigieg and share movement throughout)To contact the reporter on this story: Bailey Lipschultz in New York at blipschultz@bloomberg.netTo contact the editors responsible for this story: Catherine Larkin at clarkin4@bloomberg.net, Courtney DentchFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Centene Corporation (NYSE:CNC) Insiders Increased Their Holdings
    Simply Wall St.

    Centene Corporation (NYSE:CNC) Insiders Increased Their Holdings

    We often see insiders buying up shares in companies that perform well over the long term. Unfortunately, there are...

  • Investors Face More Risk That Sanders Will Win, Wall Street Says
    Bloomberg

    Investors Face More Risk That Sanders Will Win, Wall Street Says

    (Bloomberg) -- As U.S. stocks tumbled on Monday, hit by mounting coronavirus fears, analysts also flagged the possibility that investors haven’t been taking Bernie Sanders seriously enough, after the Vermont senator’s surprisingly broad support in the Nevada caucuses Saturday. Sectors with exposure to the progressive Democratic candidate, including managed care companies and the biggest banks, underperformed in early trading. Centene Corp. and UnitedHealth Group ended last week lower and were the biggest decliners in health care on Monday, with both sinking more than 7%. The KBW Bank Index shed as much as 3.5%, the most since August, and fell to the lowest since late October, with Bank of America Corp. and Citigroup Inc. briefly dropping more than 4%.Here’s a sample of the latest commentary:Cowen, Jaret Seiberg“It appears to us that Sen. Bernie Sanders is not just solidifying his position but also could be a bigger threat to President Trump in the general election than the market appreciates,” Seiberg wrote in a note. “That would represent a major threat to financials and housing as Sanders has the most punitive agenda for these sectors given his plans for taxes and regulation.”Beacon Policy Advisors“In a politically polarized country where President Trump still remains underwater in his approval, the market is severely underestimating the chances of Sanders winning the presidency, and thus his potential impact on numerous companies and industries,” Beacon wrote in a note.Vital Knowledge, Adam Crisafulli“Sanders is very likely to become the Democratic nominee and he’s very likely going to lose in November,” Crisafulli wrote. However, he said that “investors should be altering their odds modestly as Bernie’s Nevada performance suggests he’ll be a more potent candidate than previously thought.”Sanders, he added, “appeals to many of the same disaffected groups that helped push Trump over the edge in certain critical states, suggesting Sanders may be a more competitive Electoral College candidate than Hillary was.” And Trump becomes “eminently beatable if the stock market and/or economy falters in the months preceding the election and this could become a self-fulfilling prophecy (as Bernie’s prospects improve, the fear of a Sanders presidency will weigh on economic activity and the stock market, helping to further fuel his odds).”Even so, Crisafulli said that “the economy is healthy, and this will matter more than anything.” Investors should keep in mind, he said, that Trump has a “major economic stimulus card in his back pocket in the form of existing tariffs – he could simply lift all the China trade restrictions should the market and/or economy falter further.”AGF Investments, Greg Valliere“The extent of Sanders’ win on Saturday in Nevada stunned party operatives,” Valliere wrote.“It would take quite a wild card to defeat Trump, but there’s a serious one that is impossible to handicap.” That’s the coronavirus, he said, as the “U.S. is not invulnerable.”“The risks on the coronavirus are clearly downside risks for everyone, including Trump,” he said. “Not even a very accommodative Federal Reserve could bail out Trump if Sanders somehow succeeds in blaming Republicans for being unprepared for a pandemic.”Compass Point, Isaac BoltanskyInvestors will be forced to reassess their assumptions that Trump would be heavily favored if Sanders “continues to gain both momentum and delegates,” Boltansky wrote. In particular, he flagged Sanders’ strength with Latino voters, which is a “promising signal.”“A progressive White House would weigh on health insurers, big tech, education services companies, M&A advisories, fossil fuel businesses, for-profit prisons, and large banks/PE firms,” he said. On the other hand, a progressive president may be good for Puerto Rico banks, workforce/manufactured housing companies like UMH Properties Inc., childcare providers such as Bright Horizons Family Solutions Inc. and “lower price-point” homebuilders, he said.KBW, Brian Gardner“Bernie Sanders’ surprising big win this past weekend in Nevada suggests that he might be in a stronger position to win the Democratic nomination than previously believed, and since Super Tuesday follows South Carolina so closely, Mr. Sanders might build unstoppable momentum,” Gardner wrote.At the same time, he said that the reason markets hadn’t so far reacted to Sanders’ surge was that he’s seen as unlikely to win and that he could “open the door for Republicans to retake the House and keep the Senate.” KBW thinks some centrist House Democrats who were elected in 2018 in swing districts may be in jeopardy, and a Sanders candidacy may make it tough for Democratic Senate candidates in Arizona, Georgia, and North Carolina. “The combination of Mr. Sanders’ history of embracing socialism and Mr. Trump’s strong approval ratings on the economy make Sanders’ chances of winning in November weak,” he said.Jefferies, Jared HolzJefferies health care strategist Holz recommended taking profits in healthcare services after Sanders’ victory in Nevada.“The prudent move is reducing exposure” in areas like managed care, which are most exposed to ideas like Sanders’ Medicare for All push, Holz wrote. The group, which includes UnitedHealth Group, Anthem Inc., Humana Inc. and Centene, has rallied from October lows, but heightened concern around universal healthcare agendas argue in favor of paring back positions in the sector.Goldman Sachs, Asad HaiderHealth-care stocks “could now be entering a noisier period” after Sanders’ spike in popularity following last week’s Democratic debate, Haider said in a note late Friday. Sector investors are now focused on the extent to which the Vermont senator can hold the widening gap against other candidates on Super Tuesday, he said.Nomura Instinet, Matthew HowlettSanders winning the Democratic nomination would boost the chances the Trump administration will end the conservatorship of Fannie Mae and Freddie Mac ahead of the November election, Howlett wrote earlier.He recommends clients buy Fannie Mae and Freddie Mac common stock ahead of the Democratic convention. “It may sound counterintuitive, but we believe Bernie Sanders (who is coming off a strong showing Saturday and continues to increase his lead in the polls), as the Democratic nominee for president greatly increases the chances the GSEs will be released from conservatorship prior to any potential change at the White House in Jan. 2021,” Howlett said.A Sanders nomination would probably “motivate the current administration to act more with a sense of urgency,” and to finish tasks needed to prevent a new administration from reversing their moves, he said.Fannie common stock fell as much as 6.7%, the most since mid-December; Freddie slid as much as 5.1%, also the most since mid-December.\--With assistance from Bailey Lipschultz and Cristin Flanagan.To contact the reporter on this story: Felice Maranz in New York at fmaranz@bloomberg.netTo contact the editors responsible for this story: Catherine Larkin at clarkin4@bloomberg.net, Scott Schnipper, Steven FrommFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Health Insurers Rally After Bernie Sanders Wins New Hampshire
    Bloomberg

    Health Insurers Rally After Bernie Sanders Wins New Hampshire

    (Bloomberg) -- Managed care is leading gains in the health-care sector after Bernie Sanders won the New Hampshire primary for the Democratic nomination for president.It may seem counter-intuitive, but investors have been shaking off worries about the self-avowed democratic socialist and his progressive politics and are becoming increasingly convinced that Donald Trump will be able to beat Sanders.Health insurers would be particularly vulnerable to a Sanders presidency, given his support for a single payer health-care system dubbed Medicare for All.Centene Corp., Humana Inc., Anthem Inc. and UnitedHealth Group Inc. all advanced more than 4% on Wednesday, spurring a seven-member index of S&P managed care companies to an intraday record.Concern about an attack on the pharmaceutical industry and the high cost of prescription medicines from the Trump administration may also be easing after the President’s latest budget, released this week, back-pedaled on more specific proposals from years past.The $21 billion Health Care Select Sector SPDR Fund, known by its ticker XLV, rose for the third day in a row.“Based on numerous conversations pertaining to the primary’s impact on the health-care sector, the Street actually seems fairly comfortable with the current state of affairs including success out of more progressive candidates including Senator Sanders,” said Jared Holz, a Jefferies health-care strategist.(Updates stock moves throughout)To contact the reporter on this story: Cristin Flanagan in New York at cflanagan1@bloomberg.netTo contact the editors responsible for this story: Catherine Larkin at clarkin4@bloomberg.net, Scott Schnipper, Steven FrommFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Cigna (CI) Q4 Earnings and Revenues Beat Estimates, Rise Y/Y
    Zacks

    Cigna (CI) Q4 Earnings and Revenues Beat Estimates, Rise Y/Y

    Cigna (CI) Q4 results reflect revenue and membership growth on the back of Express Scripts acquisition.

  • Centene's (CNC) Q4 Earnings Miss Estimates, Improve Y/Y
    Zacks

    Centene's (CNC) Q4 Earnings Miss Estimates, Improve Y/Y

    Centene's (CNC) fourth-quarter results gain traction from better revenues.

  • Centene (CNC) Q4 Earnings Miss Estimates
    Zacks

    Centene (CNC) Q4 Earnings Miss Estimates

    Centene (CNC) delivered earnings and revenue surprises of -1.35% and 2.19%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?

  • What's in the Cards for Centene's (CNC) Earnings in Q4?
    Zacks

    What's in the Cards for Centene's (CNC) Earnings in Q4?

    Centene's (CNC) Q4 earnings results are likely to reflect membership growth and better revenues.

  • Centene (CNC) Earnings Expected to Grow: Should You Buy?
    Zacks

    Centene (CNC) Earnings Expected to Grow: Should You Buy?

    Centene (CNC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • If You Had Bought Centene (NYSE:CNC) Shares Five Years Ago You'd Have Made 139%
    Simply Wall St.

    If You Had Bought Centene (NYSE:CNC) Shares Five Years Ago You'd Have Made 139%

    When you buy shares in a company, it's worth keeping in mind the possibility that it could fail, and you could lose...