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Centene Corp

CNC.N

Latest Trade

46.39USD

Change

-0.06(-0.13%)

Volume

2,687,780

Today's Range

46.05

 - 

46.90

52 Week Range

44.51

 - 

74.46

As of on the New York Stock Exchange ∙ Minimum 15 minute delay

Pricing

Previous Close
46.45
Open
46.68
Volume
2,687,780
3M AVG Volume
101.18
Today's High
46.90
Today's Low
46.05
52 Week High
74.46
52 Week Low
44.51
Shares Out (MIL)
413.61
Market Cap (MIL)
19,187.15
Forward P/E
10.51
Dividend (Yield %)
--

Next Event

Centene Corp at Cantor Fitzgerald Global Healthcare Conference

Latest Developments

More

Centene And Wellcare Announce State Insurance Department Approvals For Pending Merger

Centene Announces 2020 Health Insurance Marketplace Expansion

Third Point Dissolves Share Stake In American Express, Ups in Netflix

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About Centene Corp

Centene Corporation is a healthcare company. The Company provides a portfolio of services to government sponsored healthcare programs, focusing on under-insured and uninsured individuals. The Company operates through two segments: Managed Care and Specialty Services. The Company's Managed Care segment provides health plan coverage to individuals, through government subsidized programs, including Medicaid, the State Children's Health Insurance Program (CHIP), Long Term Care, Foster Care, dual-eligible individuals (Duals) and the Supplemental Security Income Program, also known as the Aged, Blind or Disabled Program (ABD), Medicare, and Health Insurance Marketplace. Its Specialty Services segment consists of its specialty companies offering a range of healthcare services and products to state programs, correctional facilities, healthcare organizations, employer groups and other commercial organizations, as well as to its own subsidiaries.

Industry

Healthcare Facilities

Contact Info

7700 Forsyth Blvd

+1.314.7254477

https://www.centene.com/

Executive Leadership

Michael F. Neidorff

Chairman of the Board, President, Chief Executive Officer

Jeffrey A. Schwaneke

Chief Financial Officer, Executive Vice President, Treasurer

Mark J. Brooks

Executive Vice President, Chief Information Officer

Keith H. Williamson

Executive Vice President, General Counsel, Secretary

Christopher D. Bowers

Executive Vice President - Marketing

Key Stats

1.71 mean rating - 17 analysts
Sell
Hold
Buy
Revenue (MM, USD)

2016

40.6K

2017

48.4K

2018

60.1K

2019(E)

73.9K
EPS (USD)

2016

2.215

2017

2.515

2018

3.540

2019(E)

4.416
Price To Earnings (TTM)
15.25
Price To Sales (TTM)
0.28
Price To Book (MRQ)
1.58
Price To Cash Flow (TTM)
10.31
Total Debt To Equity (MRQ)
58.70
LT Debt To Equity (MRQ)
57.98
Return on Investment (TTM)
6.28
Return on Equity (TTM)
4.02

Latest News

Centene signals higher costs in 2019 from Obamacare business

Centene Corp <CNC.N> beat second-quarter sales targets and raised its 2019 earnings forecast on Tuesday, but the health insurer warned of higher medical costs from its Obamacare business this year.

Centene Corp posts 65% rise in second-quarter profit

Centene Corp, which is buying smaller rival WellCare Health Plans Inc, on Tuesday reported a 65% rise in quarterly profit, helped by higher sales of its Medicaid health plans for low-income people.

Centene, WellCare win shareholder support for $15.27 billion deal

Shareholders of Centene Corp and WellCare Health Plans Inc voted in favor of a merger of the health insurers, setting the stage for the creation of a major new player in government-sponsored healthcare plans.

Centene, WellCare win shareholder support for $15.27 billion deal

Shareholders of Centene Corp and WellCare Health Plans Inc voted in favor of a merger of the two health insurers, setting the stage for the creation of a major new player in government-sponsored healthcare plans.

U.S. proxy firm ISS backs Centene's deal for WellCare

Institutional Shareholder Services has shown support for Centene Corporation's planned acquisition of smaller rival WellCare Health Plans Inc by recommending shareholders favor the deal, the health insurers said on Wednesday.

Proxy firm ISS backs Centene's deal for WellCare

Institutional Shareholder Services has recommended stockholders to vote in favor of Centene Corporation's planned acquisition of smaller rival WellCare Health Plans Inc, the health insurers said on Wednesday.

Humana says will not bid for Centene Corp

Humana Inc said on Monday it would not bid for Centene Corp, quelling speculation that it would acquire the health insurer that has already agreed to buy smaller rival WellCare Health Plans Inc for $15.27 billion.

Humana says will not bid for Centene Corp

Humana Inc said https://www.sec.gov/Archives/edgar/data/49071/000119312519163308/d754845d8k.htm on Monday it would not make a proposal to combine with Centene Corp, which in March agreed to buy WellCare Health Plans Inc for $15.27 billion. In a statement, Humana confirmed...

Exclusive: Hedge funds target Centene, may oppose WellCare deal - sources

Hedge funds Corvex Management LP and Sachem Head Capital Management LP have built stakes in U.S. health insurer Centene Corp and are exploring challenging its planned $17.3 billion acquisition of WellCare Health Plans Inc, people familiar with the matter said on Monday.

Centene Corp raises 2019 forecast, pushes forward on WellCare deal

Centene Corp on Tuesday raised its earnings and sales forecast for the year and said it had begun early discussions with regulatory authorities regarding its planned acquisition of smaller rival WellCare Health Plans.

Centene Corp quarterly revenue rises nearly 40 percent

Centene Corp on Tuesday reported a nearly 40 percent rise in quarterly revenue helped by its acquisition of Fidelis Care last year and program expansions in states like Florida and Illinois.

Deals of the day-Mergers and acquisitions

The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Wednesday:

UPDATE 5-U.S. health insurer Centene to buy smaller rival WellCare for $15.3 bln

* Offer of $305.39/shr a 32 pct premium to WCG Tuesday close (Adds details about succession, CVS contract, analyst quote; updates shares)

Health insurer Centene to buy smaller rival WellCare for $15.27 bln

U.S. health insurer Centene Corp will buy smaller rival WellCare Health Plans Inc for $15.27 billion in a cash-and-stock deal.

U.S. health insurer Centene in talks to buy WellCare: sources

U.S. health insurer Centene Corp is in advanced talks to buy smaller rival WellCare Health Plans Inc, according to two people familiar with the matter, a move that would create a bigger player focused on government-backed health insurance plans.

U.S. health insurer Centene in talks to buy WellCare -sources

U.S. health insurer Centene Corp is in advanced talks to buy smaller rival WellCare Health Plans Inc, according to two people familiar with the matter.

Centene's full-year profit forecast disappoints, shares fall

Centene Corp's <CNC.N> shares plunged as much as 10 percent on Tuesday after the health insurer forecast full-year profit that was largely below estimates, exacerbating investor concerns over the company's ability to rein in costs.

Health insurer Centene's quarterly profit falls 91 pct

Centene Corp reported a 91 percent fall in quarterly profit on Tuesday, hit by higher expenses.

BRIEF-Centene Corp Says Unit Issued $1.8 Bln In Aggregate Principal Amount Of 5.375 Pct Senior Notes Due 2026

* CENTENE CORP SAYS UNIT ISSUED $1.8 BILLION IN AGGREGATE PRINCIPAL AMOUNT OF 5.375% SENIOR NOTES DUE 2026 - SEC FILING Source text: (https://bit.ly/2x8KtI9) Further company coverage:

BRIEF-Centene Awarded Statewide Medicaid Contract In Iowa

* CENTENE CORP SAYS ITS IOWA SUBSIDIARY, IOWA TOTAL CARE, INC., HAS BEEN TENTATIVELY AWARDED A STATEWIDE CONTRACT FOR IA HEALTH LINK PROGRAM

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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