Centene Corporation (CNC)

NYSE: CNC · Real-Time Price · USD
57.68
-0.80 (-1.37%)
At close: Feb 21, 2025, 4:00 PM
57.50
-0.18 (-0.31%)
After-hours: Feb 21, 2025, 7:29 PM EST
-1.37%
Market Cap 28.61B
Revenue (ttm) 147.17B
Net Income (ttm) 3.31B
Shares Out 496.04M
EPS (ttm) 6.31
PE Ratio 9.14
Forward PE 7.90
Dividend n/a
Ex-Dividend Date n/a
Volume 4,610,934
Open 56.65
Previous Close 58.48
Day's Range 56.65 - 58.79
52-Week Range 55.03 - 81.42
Beta 0.45
Analysts Buy
Price Target 79.57 (+37.95%)
Earnings Date Feb 4, 2025

About CNC

Centene Corporation operates as a healthcare enterprise that provides programs and services to under-insured and uninsured families, commercial organizations, and military families in the United States. The company operates through Medicaid, Medicare, Commercial, and Other segments. The Medicaid segment offers health plan coverage, including medicaid expansion, aged, blind, disabled, children's health insurance program, foster care, medicare-medicaid plans, long-term services and support. This segment also provides healthcare products. The Medi... [Read more]

Sector Healthcare
IPO Date Dec 13, 2001
Employees 60,500
Stock Exchange NYSE
Ticker Symbol CNC
Full Company Profile

Financial Performance

In 2024, Centene's revenue was $147.17 billion, an increase of 4.16% compared to the previous year's $141.29 billion. Earnings were $3.31 billion, an increase of 22.32%.

Financial Statements

Analyst Forecast

According to 14 analysts, the average rating for CNC stock is "Buy." The 12-month stock price forecast is $79.57, which is an increase of 37.95% from the latest price.

Price Target
$79.57
(37.95% upside)
Analyst Consensus: Buy
Stock Forecasts

News

California Students Build a Culture of Belonging Through National No One Eats Alone® Day Thanks to Health Net & The Centene Foundation

More than 1.5 million students nationwide to participate in this year's event SACRAMENTO, Calif. , Feb. 14, 2025 /PRNewswire/ -- Health Net, one of California's most experienced Medi-Cal managed care ...

7 days ago - PRNewsWire

'Ohana Health Plan and the Centene Foundation Award Grant to Hawai'i Island Community Health Center to Expand Healthcare Access

The $550,000 grant will fund a mobile health clinic for underserved students KAILUA-KONA, Hawai'i, Feb. 11, 2025 /PRNewswire/ --  'Ohana Health Plan , a leading provider of government-sponsored manage...

10 days ago - PRNewsWire

Texas-based Superior HealthPlan Releases Annual Community Investment Report

Superior partnered with 759 nonprofits and schools and contributed $1.2 million in funding to Texas-based organizations in 2024. AUSTIN, Texas , Feb. 11, 2025 /PRNewswire/ -- Superior HealthPlan ("Sup...

10 days ago - PRNewsWire

Centene Corporation (CNC) Q4 2024 Earnings Conference Call Transcript

Centene Corporation (NYSE:CNC) Q4 2024 Earnings Conference Call February 4, 2025 8:30 AM ET Company Participants Jennifer Gilligan - Senior Vice President, Finance and Investor Relations Sarah London...

17 days ago - Seeking Alpha

Insurance Firm Centene Sees Q4 Revenue Boost, Sticks To Annual Forecast

On Tuesday, Centene Corporation  CNC reported fourth-quarter sales of $40.80 billion. That's up 3.41% year-over-year, beating the consensus of $39.13 billion.

17 days ago - Benzinga

Obamacare Leads Centene To $3.3 Billion 2024 Profit As Medicaid Drops

Centene Tuesday reported $3.3 billion in 2024 profits as Obamacare enrollment and premium revenue helped overcome a big dip in Medicaid enrollment.

17 days ago - Forbes

Centene beats quarterly profit estimates on strength in commercial plans

Centene beat Wall Street estimates for fourth-quarter profit on Tuesday, helped by strength in its commercial health insurance plans.

17 days ago - Reuters

CENTENE CORPORATION REPORTS 2024 RESULTS

-- 2024 Full Year Diluted EPS of $6.31; Adjusted Diluted EPS of $7.17 -- 2024 adjusted diluted EPS of $7.17, up 7% from $6.68 in 2023. Membership increases of 12% in Marketplace and 50% in Medicare PD...

17 days ago - PRNewsWire

Trump gives a lift to healthcare stocks with comments on Medicare and Medicaid

Trump has pledged to protect Social Security and Medicare throughout his campaign, one analyst noted, but this was the first time he added Medicaid to the list.

Other symbols: ABBVELVGILDHCAMOH
18 days ago - Market Watch

Focus On Costs, Regulatory Outlook For Health Insurers In Q4'24 Earnings Season

Most publicly traded US health insurers are forecast to report sequential revenue and earnings declines for the fourth quarter of 2024, according to S&P Global Market Intelligence analysis of sell-sid...

Other symbols: ALHCCICLOVOSCRUNH
5 weeks ago - Seeking Alpha

CENTENE CORPORATION TO HOST 2024 FOURTH QUARTER AND YEAR-END FINANCIAL RESULTS EARNINGS CALL

ST. LOUIS , Jan. 15, 2025 /PRNewswire/ -- Centene Corporation (NYSE: CNC), a leading healthcare enterprise committed to helping people live healthier lives, announced today that it will release its 20...

5 weeks ago - PRNewsWire

'Ohana Health Plan and Hope Services Hawaii Launch Residential Program for Integrated Clinical Care

First-of-its-kind health plan and housing agency partnership in Hawaii offers transitional housing and structured support for its most vulnerable members experiencing homelessness HILO, Hawaii , Jan. ...

5 weeks ago - PRNewsWire

Centene Corporation Names First President over Individual Coverage Health Reimbursement Arrangements (ICHRA) Business

New leadership role reflects Centene's focus on ICHRA growth ST LOUIS , Jan. 9, 2025 /PRNewswire/ -- Centene Corporation ("Centene") [NYSE: CNC], a leading healthcare enterprise committed to helping p...

6 weeks ago - PRNewsWire

Health Net Providing Special Assistance to Members Affected by Palisades Fire and Windstorm Conditions in Los Angeles and Ventura Counties

Health Net Assisting Members During State of Emergency SACRAMENTO, Calif. , Jan. 8, 2025 /PRNewswire/ -- In response to Gov.

6 weeks ago - PRNewsWire

MHS' Health Equity Program, MHS Serves, Launches Youth Mental Health Partnership

MHS Serves supports the advancement of programs and innovations to improve health equity efforts statewide. INDIANAPOLIS , Jan. 7, 2025 /PRNewswire/ -- MHS Serves, a health equity program from Managed...

6 weeks ago - PRNewsWire

Centene: Attractive Risk-Reward For A Growing Company At A Value Price

Centene reported strong Q3'24 results, beating revenue expectations by $4.13 billion and achieving EPS of $1.62, driven by Medicaid rate increases and membership growth. Key highlights from the quarte...

7 weeks ago - Seeking Alpha

Health Net Providing Special Assistance to Members Affected by Bird Flu Throughout California

Health Net Assisting Members During State of Emergency SACRAMENTO, Calif. , Dec. 18, 2024 /PRNewswire/ -- In response to Gov.

2 months ago - PRNewsWire

Superior HealthPlan Commemorates 25-year Anniversary by Awarding $25,000 Grant to NAMI El Paso

The funding will help address the mental health needs of local children and youth.  AUSTIN, Texas , Dec. 16, 2024 /PRNewswire/ -- Superior HealthPlan ("Superior"), a leading managed care organization ...

2 months ago - PRNewsWire

Why Is Insurance Firm Centene Stock Trading Higher On Thursday?

On Thursday, Centene Corporation CNC outlined its 2025 financial guidance.

2 months ago - Benzinga

Health insurer Centene forecasts 2025 profit above expectations

U.S. health insurer Centene forecast a better-than-expected profit for 2025 on Thursday, betting on the strength of its commercial plans to neutralize higher costs in its government-backed health plan...

2 months ago - Reuters

CENTENE CORPORATION ANNOUNCES 2025 GUIDANCE

-- 2025 adjusted diluted EPS of greater than $7.25 -- -- Reaffirms 2024 adjusted diluted EPS guidance of greater than $6.80 -- ST. LOUIS , Dec. 12, 2024 /PRNewswire/ -- Centene Corporation (NYSE: CNC)...

2 months ago - PRNewsWire

Health care stocks fall as lawmakers, patients push for changes to their business models

Shares of major healthcare companies fell nearly 5% on Wednesday on concerns related to potential changes to their complex business models. That includes UnitedHealth Group, Cigna and CVS Health, whic...

Other symbols: CICVSUNHELVHUM
2 months ago - CNBC

Health insurer stocks fall as WSJ says lawmakers set to break up pharmacy-benefit managers

Shares of health insurers such as UnitedHealth and CVS Health fell on Wednesday after a Wall Street Journal report said a bipartisan group of lawmakers were set to introduce legislation to break up ph...

Other symbols: CICVSELVHUMUNH
2 months ago - Reuters

UnitedHealth, rival insurer stocks continue to tumble after Brian Thompson's murder in NYC

Thompson's death sparked a wide social media conversation over frustrations with navigating the US health insurance system.

Other symbols: UNHCICVSELV
2 months ago - New York Post

Health insurer shares fall after UnitedHealth exec murder

Shares of health insurance companies including UnitedHealth Group continued to fall on Friday, two days after Brian Thompson, the CEO of the company's health insurance unit, was fatally shot outside a...

Other symbols: UNHCICVSELV
2 months ago - Reuters