63.66 USD
+1.41
2.27%
At close Jan 21, 4:00 PM EST
After hours
63.66
+0.00
0.00%
1 day
2.27%
5 days
0.14%
1 month
5.66%
3 months
4.36%
6 months
-3.75%
Year to date
5.21%
1 year
-15.31%
5 years
-2.79%
10 years
132.85%
 

About: Centene is a managed care organization focused on government-sponsored healthcare plans, including Medicaid, Medicare, and the individual exchanges. Centene served 24 million medical members as of September, mostly in Medicaid (about 60% of membership), the individual exchanges (about 20%), and Medicare Advantage (about 5%). The company also serves traditional Medicare users with its Medicare Part D pharmaceutical program and has a military contract.

Employees: 67,700

0
Funds holding %
of 6,823 funds
0
Analysts bullish %
of 11 analysts

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

13% more funds holding in top 10

Funds holding in top 10: 8 [Q2] → 9 (+1) [Q3]

1% more capital invested

Capital invested by funds: $35.4B [Q2] → $35.8B (+$444M) [Q3]

6% less first-time investments, than exits

New positions opened: 89 | Existing positions closed: 95

2% less funds holding

Funds holding: 879 [Q2] → 861 (-18) [Q3]

9.34% less ownership

Funds ownership: 99.89% [Q2] → 90.55% (-9.34%) [Q3]

14% less repeat investments, than reductions

Existing positions increased: 299 | Existing positions reduced: 348

28% less call options, than puts

Call options by funds: $226M | Put options by funds: $314M

Research analyst outlook

11 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target
$52
18%
downside
Avg. target
$80
25%
upside
High target
$93
46%
upside

11 analyst ratings

positive
73%
neutral
18%
negative
9%
JP Morgan
John Stansel
100% 1-year accuracy
1 / 1 met price target
18%upside
$75
Overweight
Assumed
17 Dec 2024
Stephens & Co.
Scott Fidel
56% 1-year accuracy
22 / 39 met price target
15%upside
$73
Equal-Weight
Maintained
13 Dec 2024
Truist Securities
Ryan MacDonald
56% 1-year accuracy
38 / 68 met price target
32%upside
$84
Buy
Maintained
13 Dec 2024
Barclays
Andrew Mok
30% 1-year accuracy
19 / 63 met price target
46%upside
$93
Overweight
Maintained
13 Dec 2024
Oppenheimer
Michael Wiederhorn
34% 1-year accuracy
11 / 32 met price target
34%upside
$85
Outperform
Maintained
13 Dec 2024

Financial journalist opinion

Based on 11 articles about CNC published over the past 30 days

Negative
Seeking Alpha
5 days ago
Focus On Costs, Regulatory Outlook For Health Insurers In Q4'24 Earnings Season
Most publicly traded US health insurers are forecast to report sequential revenue and earnings declines for the fourth quarter of 2024, according to S&P Global Market Intelligence analysis of sell-side analyst forecasts. Coming off a challenging end to 2024, the upcoming earnings season is an opportunity for managed care companies to focus on 2025 expectations and Medicare Advantage growth, according to J.P. Morgan analyst Lisa Gill. UnitedHealth and Oscar Health are expected to log sequential and year-over-year revenue growth.
Focus On Costs, Regulatory Outlook For Health Insurers In Q4'24 Earnings Season
Positive
Zacks Investment Research
6 days ago
Centene Expands Care in Hawaii With a Residential Program
CNC's 'Ohana Health Plan joins forces with Hope Services Hawaii to launch a residential program offering integrated clinical care for members facing homelessness and complex health needs.
Centene Expands Care in Hawaii With a Residential Program
Neutral
PRNewsWire
6 days ago
CENTENE CORPORATION TO HOST 2024 FOURTH QUARTER AND YEAR-END FINANCIAL RESULTS EARNINGS CALL
ST. LOUIS , Jan. 15, 2025 /PRNewswire/ -- Centene Corporation (NYSE: CNC), a leading healthcare enterprise committed to helping people live healthier lives, announced today that it will release its 2024 fourth quarter and year-end financial results at approximately 6:00 a.m. ET on Tuesday, February 4, 2025, and host a conference call at 8:30 a.m.
CENTENE CORPORATION TO HOST 2024 FOURTH QUARTER AND YEAR-END FINANCIAL RESULTS EARNINGS CALL
Neutral
PRNewsWire
1 week ago
'Ohana Health Plan and Hope Services Hawaii Launch Residential Program for Integrated Clinical Care
First-of-its-kind health plan and housing agency partnership in Hawaii offers transitional housing and structured support for its most vulnerable members experiencing homelessness HILO, Hawaii , Jan. 14, 2025 /PRNewswire/ --  'Ohana Health Plan , a leading provider of government-sponsored managed care services in Hawaii and a Centene Corporation  company (NYSE: CNC), in partnership with Hope Services Hawaii , Hawaii Island's largest nonprofit homeless services provider, held a grand opening and blessing for a brand-new residential program for integrated clinical care. The program addresses a critical gap in housing support for 'Ohana's highest acuity members experiencing homelessness, who also have behavioral health needs often combined with medical needs that are too complex for traditional subsidized housing.
'Ohana Health Plan and Hope Services Hawaii Launch Residential Program for Integrated Clinical Care
Neutral
Zacks Investment Research
1 week ago
Insiders are Buying These 3 Large Cap Stocks
Investors can see insider buys as an overall net positive concerning the longer-term outlook. Recently, these three companies have seen their insiders get busy.
Insiders are Buying These 3 Large Cap Stocks
Neutral
Zacks Investment Research
1 week ago
3 HMO Stocks Poised to Thrive Despite Industry Headwinds
The Medical-HMO industry benefits from a growing customer base and contract wins. However, industry challenges like rising costs and workforce shortages remain a concern.
3 HMO Stocks Poised to Thrive Despite Industry Headwinds
Neutral
PRNewsWire
1 week ago
Centene Corporation Names First President over Individual Coverage Health Reimbursement Arrangements (ICHRA) Business
New leadership role reflects Centene's focus on ICHRA growth ST LOUIS , Jan. 9, 2025 /PRNewswire/ -- Centene Corporation ("Centene") [NYSE: CNC], a leading healthcare enterprise committed to helping people live healthier lives, is pleased to announce that Alan Silver has joined the organization as the President of its Ambetter Health Solutions business, which focuses on ICHRA (Individual Coverage Health Reimbursement Arrangements). This newly created role reflects Centene's belief that consumers increasingly will seek health insurance that offers transparency, customization, choice and convenience.
Centene Corporation Names First President over Individual Coverage Health Reimbursement Arrangements (ICHRA) Business
Neutral
PRNewsWire
1 week ago
Health Net Providing Special Assistance to Members Affected by Palisades Fire and Windstorm Conditions in Los Angeles and Ventura Counties
Health Net Assisting Members During State of Emergency SACRAMENTO, Calif. , Jan. 8, 2025 /PRNewswire/ -- In response to Gov.
Health Net Providing Special Assistance to Members Affected by Palisades Fire and Windstorm Conditions in Los Angeles and Ventura Counties
Neutral
PRNewsWire
2 weeks ago
MHS' Health Equity Program, MHS Serves, Launches Youth Mental Health Partnership
MHS Serves supports the advancement of programs and innovations to improve health equity efforts statewide. INDIANAPOLIS , Jan. 7, 2025 /PRNewswire/ -- MHS Serves, a health equity program from Managed Health Services (MHS), a managed care entity that has been proudly serving the state of Indiana for over 25 years and a Centene Corporation company (NYSE: CNC), announced today the next funding opportunity for community organizations focused around youth mental health.
MHS' Health Equity Program, MHS Serves, Launches Youth Mental Health Partnership
Positive
Zacks Investment Research
2 weeks ago
Compelling Reasons for Investors to Hold on to Centene Stock
CNC remains well-poised for growth on the back of an expanding customer base, improved premiums, strategic acquisitions and commendable cash reserves.
Compelling Reasons for Investors to Hold on to Centene Stock
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