NYSE:CNC Centene (CNC) Stock Price, News & Analysis $76.32 +0.93 (+1.23%) (As of 09/18/2024 ET) Add Compare Share Share Stock Analysis Stock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrends About Centene Stock (NYSE:CNC) 30 days 90 days 365 days Advanced Chart View Price History Chart DataSkip Price History Chart Key Stats Today's Range$75.35▼$77.0050-Day Range$64.87▼$80.2152-Week Range$63.45▼$81.42Volume3.83 million shsAverage Volume3.52 million shsMarket Capitalization$40.73 billionP/E Ratio15.17Dividend YieldN/APrice Target$85.58Consensus RatingHold Company OverviewCentene 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 Medicare segment offers special needs and medicare supplement, and prescription drug plans. The Commercial segment provides health insurance marketplace product for individual, small, and large group commercials. It also operates clinical healthcare and pharmacies, as well as offers dental and speech therapy services. In addition, the company engages in the government contracts business under the TRICARE program and other healthcare related government contracts. It provides services through primary and specialty care physicians, hospitals, and ancillary providers. Centene Corporation was founded in 1984 and is headquartered in Saint Louis, Missouri.Read More… Tim Sykes’ Urgent Trade Alert: “Make this move now” (Ad)WARNING: 80 Wall Street banks are gearing up for MASSIVE D.C. shock This $2 trillion D.C. shock is NOT about Trump or Biden dropping out of the race…Click here to see a unique election-year trade Centene Stock Analysis - MarketRank™See Top Rated MarketRank™ StocksOverall MarketRank™: 94th PercentileCentene scored higher than 94% of companies evaluated by MarketBeat, and ranked 65th out of 1,014 stocks in the medical sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation. Analyst's Opinion3.2 / 5Analyst RatingHold Consensus RatingCentene has received a consensus rating of Hold. The company's average rating score is 2.46, and is based on 6 buy ratings, 7 hold ratings, and no sell ratings.Amount of Analyst CoverageCentene has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock.Read more about Centene's stock forecast and price target. Earnings and Valuation3.1 / 5Proj. Earnings Growth7.77% Earnings GrowthEarnings for Centene are expected to grow by 7.77% in the coming year, from $6.82 to $7.35 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Centene is 15.17, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.82.Price to Earnings Ratio vs. SectorThe P/E ratio of Centene is 15.17, which means that it is trading at a less expensive P/E ratio than the Medical sector average P/E ratio of about 141.64.Price to Earnings Growth RatioCentene has a PEG Ratio of 0.99. PEG Ratios around 1 indicate that a company is correctly valued.Price to Book Value per Share RatioCentene has a P/B Ratio of 1.57. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about Centene's valuation and earnings. Short Interest3.0 / 5Short Interest LevelHealthy Percentage of Shares Shorted1.94% of the float of Centene has been sold short.Short Interest Ratio / Days to CoverCentene has a short interest ratio ("days to cover") of 2.6, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Centene has recently increased by 3.58%, indicating that investor sentiment is decreasing. Dividend0.0 / 5Dividend StrengthN/A Dividend YieldCentene does not currently pay a dividend.Dividend GrowthCentene does not have a long track record of dividend growth. Sustainability and ESG3.9 / 5Environmental Score-0.26 Percentage of Shares Shorted1.94% of the float of Centene has been sold short.Short Interest Ratio / Days to CoverCentene has a short interest ratio ("days to cover") of 2.6, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Centene has recently increased by 3.58%, indicating that investor sentiment is decreasing. News and Social Media1.8 / 5News Sentiment0.26 News SentimentCentene has a news sentiment score of 0.26. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.68 average news sentiment score of Medical companies.News Coverage This WeekMarketBeat has tracked 29 news articles for Centene this week, compared to 14 articles on an average week.Search InterestOnly 9 people have searched for CNC on MarketBeat in the last 30 days. This is a decrease of -18% compared to the previous 30 days. Company Ownership1.7 / 5Insider TradingN/A Insider Buying vs. Insider SellingIn the past three months, Centene insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.33% of the stock of Centene is held by insiders.Percentage Held by Institutions93.63% of the stock of Centene is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Centene's insider trading history. CNC Stock News HeadlinesProject planned on remaining land once designated for Centene's East Coast campusSeptember 17 at 11:56 AM | bizjournals.comCNC Jan 2026 105.000 putSeptember 17 at 6:55 AM | ca.finance.yahoo.comUnlock the Secret to Easy Wins with Iron CondorsDiscover the power of Iron Condor trades – a low-risk, high-reward strategy that allows you to profit consistently without needing a large account or watching the market all day. Our free report, The Top 10 Stocks for Iron Condor Trades, reveals exactly how to set up winning trades with minimal downside.September 18, 2024 | Netpicks (Ad)CNC Jan 2026 115.000 callSeptember 17 at 6:55 AM | ca.finance.yahoo.comDeveloper plans project on remaining land once designated for Centene campus in CharlotteSeptember 16 at 9:43 PM | bizjournals.comWells Fargo & Company Lowers Centene (NYSE:CNC) Price Target to $91.00September 15 at 3:27 AM | americanbankingnews.comCNC Sep 2024 79.000 callSeptember 14, 2024 | nz.finance.yahoo.comQ3 2024 Earnings Estimate for Centene Co. Issued By Zacks Research (NYSE:CNC)September 14, 2024 | americanbankingnews.comSee More Headlines CNC Stock Analysis - Frequently Asked Questions How have CNC shares performed this year? Centene's stock was trading at $74.21 at the beginning of the year. Since then, CNC shares have increased by 2.8% and is now trading at $76.32. View the best growth stocks for 2024 here. How were Centene's earnings last quarter? Centene Co. (NYSE:CNC) issued its quarterly earnings data on Friday, July, 26th. The company reported $2.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.44 by $0.02. The company's revenue for the quarter was up 5.9% compared to the same quarter last year. Read the conference call transcript. When did Centene's stock split? Centene shares split before market open on Wednesday, February 6th 2019. The 2-1 split was announced on Tuesday, February 5th 2019. The newly issued shares were issued to shareholders after the market closes on Tuesday, February 5th 2019. An investor that had 100 shares of stock prior to the split would have 200 shares after the split. Is Centene doing a stock buyback? Centene's Board of Directors approved a share buyback program on Friday, December 16th 2022, which permits the company to buy back $2,000,000,000 in shares, according to EventVestor. This means that the company could reacquire up to 4.3% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors believes its shares are undervalued. Does Centene have any subsidiaries? Centene subsidiaries include these companies: Magellan Health Inc, PANTHERx Rare Pharmacy, Apixio, WellCare Health Plans, Community Medical Group, MHM, Fidelis Care, and others. Who are Centene's major shareholders? Top institutional investors of Centene include Swedbank AB (1.90%), Bank of New York Mellon Corp (1.03%), Legal & General Group Plc (0.96%) and Dimensional Fund Advisors LP (0.88%). Insiders that own company stock include Sarah London, Andrew Lynn Asher, Kenneth J Fasola, Shannon Bagley, Christopher J Coughlin, Richard A Gephardt, Theodore R Samuels II, Lori Jean Robinson, John R Roberts, Mark J Brooks, Katie Casso, David P Thomas, Christopher Koster, Michael F Neidorff, Colin A Toney, Orlando Ayala and Brent D Layton. View institutional ownership trends. How do I buy shares of Centene? Shares of CNC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. What other stocks do shareholders of Centene own? Based on aggregate information from My MarketBeat watchlists, some other companies that Centene investors own include NVIDIA (NVDA), Alibaba Group (BABA), UnitedHealth Group (UNH), Micron Technology (MU), CVS Health (CVS), Intel (INTC) and Johnson & Johnson (JNJ). Company Calendar Last Earnings7/26/2024Today9/18/2024Next Earnings (Confirmed)10/25/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorMedical Industry Hospital & medical service plans Sub-IndustryManaged Health Care Current SymbolNYSE:CNC CUSIP15135B10 CIK1071739 Webwww.centene.com Phone(314) 725-4477Fax314-558-2428Employees67,700Year Founded1984Price Target and Rating Average Stock Price Target$85.58 High Stock Price Target$97.00 Low Stock Price Target$69.00 Potential Upside/Downside+12.1%Consensus RatingHold Rating Score (0-4)2.46 Research Coverage13 Analysts Profitability EPS (Most Recent Fiscal Year)$5.03 Trailing P/E Ratio15.17 Forward P/E Ratio11.19 P/E Growth0.99Net Income$2.70 billion Net Margins1.79% Pretax Margin2.40% Return on Equity14.45% Return on Assets4.57% Debt Debt-to-Equity Ratio0.64 Current Ratio1.17 Quick Ratio1.17 Sales & Book Value Annual Sales$157.75 billion Price / Sales0.26 Cash Flow$9.60 per share Price / Cash Flow7.95 Book Value$48.55 per share Price / Book1.57Miscellaneous Outstanding Shares533,656,000Free Float531,895,000Market Cap$40.73 billion OptionableOptionable Beta0.48 Social Links This page (NYSE:CNC) was last updated on 9/18/2024 by MarketBeat.com Staff From Our PartnersThis diversified cannabis pioneer could make huge moves soonThe cannabis industry seems deeply saturated, so how do you know where to best invest your money? 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