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Centene Corp CNC Stock Quote

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NYSE: CNC

Morningstar‘s Stock Analysis CNC

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Centene Focusing on Value Creation Plan but Faces Some Intermediate-Term Headwinds

Julie Utterback Senior Equity Analyst

Business Strategy and Outlook

| Julie Utterback |

Centene aims to be the top provider of government-sponsored health plans. Although it has grown at a solid clip organically, Centene also has made significant acquisitions--most notably the 2020 WellCare merger--to meet that goal. Technology investments to boost efficiency have helped Centene prosper in this relatively low-margin managed care sector, as well.

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Key Statistics CNC

Company Profile CNC

Business Description

Centene is a managed-care organization focused on government-sponsored healthcare plans, including Medicaid, Medicare, and the individual exchanges. Centene served 23 million medical members as of September 2022, mostly in Medicaid (70% of membership), the individual exchanges (9%), Medicare Advantage (7%), and the balance in Tricare (West region), correctional facility, and commercial plans. The company also serves 4 million users through the Medicare Part D pharmaceutical program.

Contact
7700 Forsyth Boulevard, Centene Plaza
St. Louis, MO, 63105
Industry Healthcare Plans
Employees 72,500

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FAQs for Centene Corp Stock

No. CNC does not currently have a forward dividend yield.
Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

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CNC’s market cap is 48.98 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.

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CNC’s stock style is Large Core.
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

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CNC’s price/sales is 0.36.
Price/sales represents the amount an investor is willing to pay for a dollar generated from a particular company’s sales or revenues.

CNC’s price/forward earnings is 13.62.
Forward P/E gives some indication of how cheap or expensive a stock is compared with consensus earnings estimates. The lower the Forward P/E, the cheaper the stock.

CNC’s price/book is 1.95.
Price/book ratio can tell investors approximately how much they’re paying for a company’s assets, based on historical, rather than current, valuations. Historical valuations generally do not reflect a company’s current market value. Value investors frequently look for companies that have low price/book ratios.

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CNC’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

Compare CNC’s historical performance against its industry peers and the overall market.