Centene
About: Centene is a managed care organization that focuses on government-sponsored healthcare plans, including Medicaid, Medicare, and the individual exchanges. Centene served 22 million medical members as of December 2024, mostly in Medicaid (about 60% of membership), the individual exchanges (about 20%), and Medicare (about 5%). The company also has a military contract and provides Medicare Part D pharmaceutical plans.
Employees: 60,500
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
33% more funds holding in top 10
Funds holding in top 10: 9 [Q3] → 12 (+3) [Q4]
11% more first-time investments, than exits
New positions opened: 136 | Existing positions closed: 123
5.62% more ownership
Funds ownership: 89.34% [Q3] → 94.96% (+5.62%) [Q4]
1% less funds holding
Funds holding: 864 [Q3] → 858 (-6) [Q4]
18% less capital invested
Capital invested by funds: $35.3B [Q3] → $29.1B (-$6.28B) [Q4]
22% less repeat investments, than reductions
Existing positions increased: 275 | Existing positions reduced: 352
41% less call options, than puts
Call options by funds: $181M | Put options by funds: $305M
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
Baird Michael Ha 45% 1-year accuracy 10 / 22 met price target | 20%upside $69 | Neutral Maintained | 15 Apr 2025 |
Jefferies David Windley 20% 1-year accuracy 1 / 5 met price target | 11%upside $64 | Hold Upgraded | 8 Apr 2025 |
Wells Fargo Stephen Baxter 32% 1-year accuracy 10 / 31 met price target | 25%upside $72 | Overweight Maintained | 14 Feb 2025 |
Financial journalist opinion
Based on 27 articles about CNC published over the past 30 days









