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Centene Corporation (CNC)

Stock Price: $60.52 USD 1.23 (2.07%)
Updated Mar 5, 2021 4:00 PM EST - Market closed
After-hours: $60.15 -0.37 (-0.61%) Mar 5, 7:52 PM
Market Cap 35.20B
Revenue (ttm) 111.12B
Net Income (ttm) 1.81B
Shares Out 570.72M
EPS (ttm) 3.12
PE Ratio 19.40
Forward PE 11.07
Dividend n/a
Dividend Yield n/a
Trading Day March 5
Last Price $60.52
Previous Close $59.29
Change ($) 1.23
Change (%) 2.07%
Day's Open 59.58
Day's Range 58.85 - 60.68
Day's Volume 5,345,527
52-Week Range 43.96 - 74.70

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PRNewsWire - 5 days ago

ST. LOUIS, March 1, 2021 /PRNewswire/ -- Centene Corporation (NYSE: CNC) today announced four executive leadership appointments to support the company's continued growth and innovation. Effect...

Zacks Investment Research - 1 week ago

Centene's (CNC) Hawaii subsidiary 'Ohana Health Plan is selected to continue catering services via the CSS plan.

Zacks Investment Research - 2 weeks ago

Bear of the Day: Centene (CNC)

PRNewsWire - 3 weeks ago

ST. LOUIS, Feb. 10, 2021 /PRNewswire/ -- Centene Corporation (NYSE: CNC) ("Centene" or the "Company") announced today that it has priced its previously announced underwritten public offering o...

Investopedia - 3 weeks ago

Centene (CNC) shares jumped after the health insurer said it plans to slash jobs. Trade Centene and another industry name with these tactics.

PRNewsWire - 3 weeks ago

ST. LOUIS, Feb. 10, 2021 /PRNewswire/ -- Centene Corporation (NYSE: CNC) ("Centene" or the "Company") announced today that it has commenced a cash tender offer (the "Tender Offer") for any and...

PRNewsWire - 3 weeks ago

ST. LOUIS, Feb. 10, 2021 /PRNewswire/ -- Centene Corporation (NYSE: CNC) ("Centene" or the "Company") announced today that it has commenced an underwritten public offering to sell $2,200,000,0...

PRNewsWire - 3 weeks ago

NEW ORLEANS, Feb. 9, 2021 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed sale...

The Motley Fool - 3 weeks ago

It's all about what the future might hold.

Zacks Investment Research - 3 weeks ago

Centene (CNC) Q4 results gain from improved revenues as well as better membership.

Zacks Investment Research - 3 weeks ago

Centene (CNC) delivered earnings and revenue surprises of 2.22% and -0.65%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

Benzinga - 3 weeks ago

Shares of Centene (NYSE:CNC) moved higher by 0.5% in pre-market trading after the company reported Q4 results. Quarterly Results Earnings per share decreased 36.99% over the past year to $0.46...

PRNewsWire - 3 weeks ago

ST. LOUIS, Feb. 9, 2021 /PRNewswire/ -- Centene Corporation (NYSE: CNC) announced today its financial results for the fourth quarter and year ended December 31, 2020, reporting diluted (loss) ...

Zacks Investment Research - 1 month ago

Centene's (CNC) Q4 results are likely to reflect escalating costs and other COVID-related factors.

Zacks Investment Research - 1 month ago

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.

Forbes - 1 month ago

Centene, a full-line managed services company which services both government sponsored and private insurance health care programs, has plunged by 12% over the last 10 trading days, and it is d...

GuruFocus - 1 month ago

Firm's largest sales of the 4th quarter

Other stocks mentioned: VG
GuruFocus - 1 month ago

The FPA Capital Fund (Trades, Portfolio), part of Los Angeles-based First Pacific Advisors (Trades, Portfolio), disclosed this week that its top three new buys during the fourth quarter of 202...

Other stocks mentioned: HMN, MSM, SWM, VG
GuruFocus - 1 month ago

According to the Historical Low Price-Book Screen, a Premium feature of GuruFocus, the following five stocks have good financial strength and are trading near historical low price-book as of W...

Other stocks mentioned: CASS, CHCO, CLX, JOBS
OTC PR Wire - 1 month ago

With the transition to the Biden administration, the policy footing for the future of healthcare is veering once again. But no matter how you slice it, the future is about more flexible care w...

Other stocks mentioned: HQY
GuruFocus - 1 month ago

According to the GuruFocus All-in-One Screener as of Jan. 15, the following Health Care stocks are popular among gurus.

Other stocks mentioned: A, BAX, VEEV, WBA
GuruFocus - 1 month ago

When Centene Corp. (NYSE:CNC) announced the acquisition of Magellan Health Inc. (NASDAQ:MGLN) on Jan. 7, one line in the news release must have been music to investors' ears. The deal, Centene...

Zacks Investment Research - 1 month ago

Rising costs and poor financial leverage make Centene (CNC) an unattractive stock now.

GuruFocus - 1 month ago

As a new year gets underway, the four stocks Wall Street analysts love most are Amazon.com (NASDAQ:AMZN), Microsoft Corp. (NASDAQ:MSFT), Burlington Stores (NYSE:BURL) and Valero Energy (NYSE:V...

Other stocks mentioned: AMZN, BURL, EPD, MSFT, VLO, VNOM
Seeking Alpha - 1 month ago

Centene starts 2021 with a bolt-on deal, after a few large deals in recent years. Valuations look very modest, organic growth is solid, and earnings multiples look very reasonable.

Business Wire - 1 month ago

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Magellan...

Zacks Investment Research - 2 months ago

Centene (CNC) to acquire Magellan Health for providing better healthcare to the most susceptible and underserved communities.

Other stocks mentioned: MGLN
GlobeNewsWire - 2 months ago

NEW YORK, Jan. 04, 2021 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, has launched an investigation into whether the board members of Ma...

Other stocks mentioned: MGLN
PRNewsWire - 2 months ago

NEW YORK, Jan. 4, 2021 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by Magellan Health, Inc. (NASDAQ: MGLN) and its board of directors concerning the pr...

Other stocks mentioned: MGLN
CNBC Television - 2 months ago

CNBC's full interview with Centene CEO Michael Neidorff on Magellan acquisition

Share of Centene and Magellan Health rose before the bell Monday following the announcement that Centene will acquire the managed health provider for $2.2 billion. Centene Chairman and CEO Mic...

CNBC Television - 2 months ago

Centene CEO Michael Neidorff on deal to acquire mental health company Magellan Health

Centene said it would buy Magellan Health in a $2.2 billion deal, looking to build up its mental health services as more Americans struggle with Covid-19-related behavioral and anxiety issues....

Other stocks mentioned: MGLN
24/7 Wall Street - 2 months ago

Centene Corp. (NYSE: CNC) announced Monday that it has reached a definitive agreement to acquire Magellan Health Inc.

Other stocks mentioned: MGLN
Market Watch - 2 months ago

Magellan Health climbs after agreeing to Centene buyout offer

Other stocks mentioned: MGLN
PRNewsWire - 2 months ago

ST. LOUIS and PHOENIX, Jan. 4, 2021 /PRNewswire/ -- Centene Corporation (NYSE: CNC) and Magellan Health, Inc. (NASDAQ: MGLN) today announced that they have entered into a definitive merger agr...

Other stocks mentioned: MGLN
PRNewsWire - 2 months ago

ST. LOUIS, Dec. 31, 2020 /PRNewswire/ -- Centene Corporation (NYSE: CNC) announced today it will present at the virtual 39th Annual J.P. Morgan Healthcare Conference, to be held January 11-14,...

Forbes - 2 months ago

Centene has completed the acquisition of PANTHERx, a specialty pharmacy the company the health insurer plans to use in one of the largest and fastest-growing specialty pharmacies in the United...

PRNewsWire - 2 months ago

ST. LOUIS, Dec. 30, 2020 /PRNewswire/ -- Centene Corporation (NYSE: CNC) today announced that it has completed its acquisition of PANTHERx, one of the largest and fastest-growing specialty pha...

Zacks Investment Research - 2 months ago

Centene (CNC) provides an impressive 2021 guidance for key metrics owing to its strong inorganic growth story and a healthy revenue stream.

Bloomberg Markets and Finance - 2 months ago

Centene CEO Doubts Medicare-for-All Will Happen

Dec.18 -- Michael Neidorff, Centene Corp. chief executive officer, says the company will stick to its business strategy and expresses confidence it will prevail during the Covid-19 pandemic. H...

Market Watch - 2 months ago

Shares of Centene Corp. fell 1.3% in premarket trading Friday, after the provider of government-sponsored and commercial health care programs provided downbeat profit guidance for next year, b...

PRNewsWire - 2 months ago

ST. LOUIS, Dec. 18, 2020 /PRNewswire/ -- Centene Corporation (NYSE: CNC) announced today its 2021 financial guidance. Total revenues are expected to be $114.1 billion to $116.1 billion, and di...

GuruFocus - 2 months ago

According to current portfolio statistics, a Premium feature of GuruFocus, the top five health care positions in Andreas Halvorsen (Trades, Portfolio)'s equity portfolio as of the third quarte...

Other stocks mentioned: ADPT, BBIO, BSX, TMO
GuruFocus - 2 months ago

Centene Corp. (NYSE:CNC) is a health insurance company that specializes in government-sponsored health care programs. In addition to Medicaid and Medicare products, it offers commercial progra...

Zacks Investment Research - 2 months ago

Centene (CNC) to buy specialty pharmacy PANTHERx Rare to penetrate the specialty drug market and cater to patients with complex situations.

PRNewsWire - 2 months ago

ST. LOUIS, Dec. 15, 2020 /PRNewswire/ -- Centene Corporation (NYSE: CNC) today announced it has signed a definitive agreement to acquire PANTHERx, one of the largest and fastest-growing specia...

GuruFocus - 2 months ago

Investors who are in search of high return investments might be interested in the three non-cyclical stocks listed below, as their earnings yields (as calculated via Joel Greenblatt's method) ...

Other stocks mentioned: BIG, BRBR
PRNewsWire - 2 months ago

ST. LOUIS, Dec. 7, 2020 /PRNewswire/ -- Centene Corporation (NYSE: CNC) today announced that Brent Layton has been appointed to Executive Vice President, Markets, Products, International, and ...

PRNewsWire - 3 months ago

ST. LOUIS, Nov. 30, 2020 /PRNewswire/ -- Centene Corporation (NYSE: CNC) today provided an update on its upcoming 2021 Financial Guidance and Investor Meeting. In recognition of the increase i...

PRNewsWire - 3 months ago

ST. LOUIS, Nov. 20, 2020 /PRNewswire/ -- Centene Corporation (NYSE: CNC) will host its 2021 Financial Guidance and Investor Meeting, in a virtual format, on Friday, December 18th, 2020. Michae...

GuruFocus - 3 months ago

Leon Cooperman (Trades, Portfolio), founder and chairman of the Omega Advisors Family Office, disclosed that its top five trades for the third quarter included new holdings in Alphabet Inc. (N...

Other stocks mentioned: ATH, CI, GOOG, GOOGL, JPM

About CNC

Centene Corporation operates as a multi-national healthcare enterprise that provides programs and services to under-insured and uninsured individuals in the United States. Its Managed Care segment offers health plan coverage to individuals through government subsidized programs, including Medicaid, the State children's health insurance program, long-term services and support, foster care, and medicare-medicaid plans, which cover dually eligible individuals, as well as aged, blind, or disabled programs. Its health plans include primary and speci... [Read more...]

Industry
Healthcare Plans
IPO Date
Dec 13, 2001
CEO
Michael Neidorff
Employees
71,300
Stock Exchange
NYSE
Ticker Symbol
CNC
Full Company Profile

Financial Performance

In 2020, Centene's revenue was $111.12 billion, an increase of 48.87% compared to the previous year's $74.64 billion. Earnings were $1.81 billion, an increase of 36.87%.

Financial Statements

Analyst Forecasts

According to 16 analysts, the average rating for Centene stock is "Strong Buy." The 12-month stock price forecast is 80.56, which is an increase of 33.11% from the latest price.

Price Target
$80.56
(33.11% upside)
Analyst Consensus: Strong Buy