CNC - Centene Corporation

NYSE - Nasdaq Real Time Price. Currency in USD
48.30
-0.45 (-0.92%)
As of 2:06PM EDT. Market open.
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Previous Close48.75
Open48.26
Bid48.41 x 1000
Ask48.39 x 800
Day's Range47.50 - 48.91
52 Week Range41.62 - 74.49
Volume3,125,144
Avg. Volume4,902,838
Market Cap19.977B
Beta (3Y Monthly)0.80
PE Ratio (TTM)14.96
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
Trade prices are not sourced from all markets
  • Company News For Oct 23, 2019
    Zacks

    Company News For Oct 23, 2019

    Companies In The News Are: PG,UTX,NEE,CNC

  • Zacks

    Late Selloff Pulls Stocks Lower

    Late Selloff Pulls Stocks Lower

  • Centene (CNC) Catches Eye: Stock Jumps 6.5%
    Zacks

    Centene (CNC) Catches Eye: Stock Jumps 6.5%

    Centene (CNC) saw a big move last session, as its shares jumped nearly 7% on the day, amid huge volumes.

  • Thomson Reuters StreetEvents

    Edited Transcript of CNC earnings conference call or presentation 22-Oct-19 12:30pm GMT

    Q3 2019 Centene Corp Earnings Call

  • GuruFocus.com

    US Stocks Edge Higher Tuesday

    United Technologies jumps on strong 3rd-quarter results Continue reading...

  • Centene's (CNC) Q3 Earnings and Revenues Beat Estimates
    Zacks

    Centene's (CNC) Q3 Earnings and Revenues Beat Estimates

    Centene's (CNC) third-quarter earnings gain traction from higher revenues.

  • Where Centene Corporation (NYSE:CNC) Stands In Terms Of Earnings Growth Against Its Industry
    Simply Wall St.

    Where Centene Corporation (NYSE:CNC) Stands In Terms Of Earnings Growth Against Its Industry

    Measuring Centene Corporation's (NYSE:CNC) track record of past performance is a useful exercise for investors. It...

  • Reuters

    UPDATE 2-Centene posts narrow profit beat, signals early close of WellCare deal

    Centene Corp said on Tuesday its deal for WellCare Health Plans could close sooner than previously expected and posted a profit that edged past Street estimates, reassuring investors of strength in its core Medicaid business. Although medical costs grew year-over-year and missed analysts' expectations, Centene said costs for its Medicaid health plans for low-income Americans remained stable. Membership in Centene's Medicaid health plans increased by 61,800 to more than 8.7 million since last year and the company said new contracts with certain states helped offset weaker enrollment from a few.

  • Reuters

    Centene posts narrow profit beat, signals early close of WellCare deal

    Although medical costs grew year-over-year and missed analysts' expectations, Centene said costs for its Medicaid health plans for low-income Americans remained stable. Membership in Centene's Medicaid health plans increased by 61,800 to more than 8.7 million since last year and the company said new contracts with certain states helped offset weaker enrollment from a few. In the third quarter, Centene's health benefits ratio (HBR), amount it spent on medical claims versus income from premiums, worsened to 88.2% from 86.3% a year earlier, missing estimates of 87.62%.

  • MarketWatch

    Centene reports profit growth that edges past consensus

    Centene , the health insurer, said third-quarter net income rose to $95 million, or 23 cents a share, from $19 million, or 5 cents a share, with revenue climbing to $18.98 billion from $16.18 billion on growth from the Health Insurance Marketplace business. Adjusted for various items, Centene said it would've earned 96 cents a share. Analysts polled by FactSet expected earnings of 95 cents a share on revenue of $18.47 billion. The health benefits ratio, a measure of medical costs as a percentage of premium revenues, rose to 88.2% from 86.3%.

  • TheStreet.com

    Centene's Adjusted Profit Tops Forecasts on Growth in Medicaid Business

    The health insurer's third-quarter adjusted earnings of 96 cents a share beat analysts' estimates by 1 cent.

  • A Move to Managed Care Will Strengthen UnitedHealth Stock
    InvestorPlace

    A Move to Managed Care Will Strengthen UnitedHealth Stock

    UnitedHealth (NYSE:UNH) stock jumped on earnings recently. But a bigger earnings catalyst came a few days later. UnitedHealth is getting into managed care.Source: Ken Wolter / Shutterstock.com Managed care has been the biggest healthcare story of the decade, the truest legacy of the Affordable Care Act. Under managed care companies focus on wellness rather than illness. They control costs by owning the places people go to for care and telling them what medicines they should take.Over the last 10 years Centene (NYSE:CNC) shares have risen almost 950% on Medicare and Medicaid contracts. UNH, which most consider the star of the healthcare sector, is up 840% in that time.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Stocks to Sell Before December's Meltdown Now UnitedHealth's Optum unit has created an "accountable care" program in southern California. The sector will never be the same. Everyone in the PoolUnitedHealth had been doing great under the old model. It generated $5 billion in profit during the third quarter, and its health services business is now nearly half its revenue.You might ask, why change?Two reasons. First, because competitors are doing it. Second, because it can.CVS Health's (NYSE:CVS) acquisition of Aetna has made it the first true competitor to UNH, at least in terms of revenue. CVS plans to use its thousands of drug stores and hundreds of in-store clinics to deliver first-line care to millions of people.Walmart (NYSE:WMT) has opened a massive front-line clinic facility in Georgia. Amazon (NASDAQ:AMZN) is taking over 1 million people out of the market with its Haven healthcare unit, also a managed care system.UnitedHealth, meanwhile, has been laying its plans for nearly a decade. Optum has become a true competitor to companies like Cerner (NASDAQ:CERN) in electronic health records. UNH's acquisition of Catamaran means it has a pharmacy benefit manager comparable to that of Cigna's (NYSE:CI) Express Scripts unit. UnitedHealth has also been quietly buying up care providers like DaVita Medical Group, which provides kidney dialysis.Along the way there have been mistakes. Harken Health, which tried to compete with Kaiser Permanente, was closed. But the company's sheer size now gives it the ability to play hardball with even large hospitals.The new Optum offering, called the SignatureValue Harmony Network, will start with 1.5 million customers, combining Optum's own providers. With DaVita, OptumCare now has more physicians in its networks than HCA Healthcare (NYSE:HCA), the largest hospital operator. Why Managed Care WorksManaged care works because chronic conditions like diabetes, heart disease and kidney failure represent 75% of the national health bill -- and they account for even more of Medicare and Medicaid spending.These conditions can be prevented by lifestyle changes. Careful management can also keep people out of hospitals. Keeping people out of hospitals is the key to managing risks, as Centene has shown.UNH's moves put it in line with industry trends. Its size gives it the power to handle massive amounts of this business profitably. The Bottom Line on UnitedHealth StockProposals for reforming the nation's healthcare system are all geared toward the managed care model.UnitedHealth now has the infrastructure to deliver this model to the mass market.Given the company's size, a market cap more than double that of any insurance rival, revenue that has grown by more than one-third since 2015, this move is a very big deal.UnitedHealth stock is still cheap. Its trailing price-to-earnings ratio of 18 is in line with the market. While the dividend yields just 1.8%, it has nearly tripled in the last five years. UNH has one of Washington's largest lobbying budgets, and its political contributions are usually split evenly between the parties.UnitedHealth, in short, looks ready for nearly anything 2020 could throw at it.Dana Blankenhorn is a financial and technology journalist. He is the author of the environmental story, Bridget O'Flynn and the Bear, available at the Amazon Kindle store. Write him at danablankenhorn@gmail.com or follow him on Twitter at @danablankenhorn. As of this writing he owned shares in CVS and AMZN. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Sell Before December's Meltdown * 7 Software Stocks to Buy for Growth * 3 Large-Cap Stocks to Buy After Earnings The post A Move to Managed Care Will Strengthen UnitedHealth Stock appeared first on InvestorPlace.

  • TheStreet.com

    [video]Centene Expected to Earn 95 Cents a Share

    Centene Corp. is expected to report net income of $388.3 million, or 95 cents a share, on sales of $18.5 billion before the market opens on Tuesday, based on a FactSet survey of 19 analysts. In the upcoming quarter, analysts are forecasting net income of $301.5 million, or 74 cents a share, on sales of $18.6 billion. Centene is currently trading at a price-to-forward-earnings ratio of 9.7 based on the 12-month estimates of 19 analysts surveyed by FactSet.

  • Barrons.com

    Philip Morris and 9 More Stock Picks Using Bernstein’s Quant-Aided Analysis

    Bernstein Research published its latest Quant+Fundamental stock picks. Three names are holdovers from April: Philip Morris, CVS Health, and Southwest Airlines.

  • Update: Centene, WellCare merger gets approval from six more states, bringing the total to 25
    American City Business Journals

    Update: Centene, WellCare merger gets approval from six more states, bringing the total to 25

    Update: The New York Department of Financial Services and Department of Health approved the acquisition Tuesday, bringing the total count to 25.   Centene Corp. and Tampa-based WellCare Health Plans Inc.’s planned $17.3 merger has gained the approval of five more states.  Arizona, Connecticut, Georgia, Ohio and Texas join 17 other states that approved of St. Louis-based Centene Corp’s (NYSE: CNC) acquisition of WellCare (NYSE: WCG). This latest round of approvals brings the total count of insurance departments that have signed off on the merger to 24.

  • GuruFocus.com

    US Markets Advance Thursday

    Alcoa jumps on financial results Continue reading...

  • Why Health Care Stocks Can Rebound Despite 2020 Election Turmoil
    Investopedia

    Why Health Care Stocks Can Rebound Despite 2020 Election Turmoil

    Health care stocks, one of the worst performing sectors, could be poised to outperform even as election turmoil heats up next year. Now, better-than-expected earnings from both UnitedHealth Group Inc. (UNH) and Johnson & Johnson (JNJ) have highlighted health care companies' strong earnings amid a dim overall corporate profit outlook. Health care companies have strong underlying businesses, a factor becoming more attractive in the market as investors shift away from “riskier” assets and more expensive, loss-making companies. And from a valuation perspective, the weakness in the health care space has led many investors to buy health care stocks, which are selling at discounted prices.

  • What's in the Cards for Centene's (CNC) Earnings in Q3?
    Zacks

    What's in the Cards for Centene's (CNC) Earnings in Q3?

    Centene's (CNC) third-quarter earnings are likely to have grown on the back of solid revenues.

  • Centene (CNC) Gains As Market Dips: What You Should Know
    Zacks

    Centene (CNC) Gains As Market Dips: What You Should Know

    Centene (CNC) closed at $45.54 in the latest trading session, marking a +0.73% move from the prior day.

  • PeaceHealth sues Health Net, Trillium over Medicare Advantage
    American City Business Journals

    PeaceHealth sues Health Net, Trillium over Medicare Advantage

    The hospital system said it pulled out of the insurers' networks but they are still representing PeaceHealth as being in-network.

  • Hedge Funds Have Never Been This Bullish On Centene Corp (CNC)
    Insider Monkey

    Hedge Funds Have Never Been This Bullish On Centene Corp (CNC)

    Concerns over rising interest rates and expected further rate increases have hit several stocks hard during the fourth quarter of 2018. Trends reversed 180 degrees during the first half of 2019 amid Powell's pivot and optimistic expectations towards a trade deal with China. Hedge funds and institutional investors tracked by Insider Monkey usually invest a […]

  • Centene (CNC) Gains But Lags Market: What You Should Know
    Zacks

    Centene (CNC) Gains But Lags Market: What You Should Know

    In the latest trading session, Centene (CNC) closed at $44.09, marking a +0.62% move from the previous day.

  • Thomson Reuters StreetEvents

    Edited Transcript of CNC earnings conference call or presentation 23-Jul-19 12:30pm GMT

    Q2 2019 Centene Corp Earnings Call