Grufity logoGrufity logo
StocksFundsSearch FilingsAPI

Centene Corp Stock Research

CNC

69.69USD+1.61(+2.36%)Delayedas of 21 Sep 2023, 10:16 am
Watchlist

Market Summary

USD69.69+1.61
Delayedas of 21 Sep 2023, 10:16 am
2.36%

CNC Alerts

  • Big jump in Earnings (Y/Y)

CNC Stock Price

CNC RSI Chart

CNC Valuation

Market Cap

37.2B

Price/Earnings (Trailing)

13.7

Price/Sales (Trailing)

0.25

EV/EBITDA

3.59

Price/Free Cashflow

4.86

CNC Price/Sales (Trailing)

CNC Profitability

EBT Margin

1.51%

Return on Equity

5.92%

Return on Assets

1.79%

Free Cashflow Yield

20.58%

CNC Fundamentals

CNC Revenue

Revenue (TTM)

147.9B

Revenue Y/Y

4.65%

Revenue Q/Q

-3.29%

CNC Earnings

Earnings (TTM)

2.7B

Earnings Y/Y

715.12%

Earnings Q/Q

-6.37%

Price Action

52 Week Range

60.8387.84
(Low)(High)

Last 7 days

-0.4%

Last 30 days

6.7%

Last 90 days

1.9%

Trailing 12 Months

-18.4%

CNC Financial Health

Current Ratio

1.07

CNC Investor Care

Buy Backs (1Y)

6.45%

Diluted EPS (TTM)

4.89

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales

Latest Insider Trading transactions for CNC

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-09-14
LONDON SARAH
sold (taxes)
-260,034
68.34
-3,805
chief executive officer
2023-06-30
Samuels Theodore R. II
acquired
-
-
468
-
2023-06-30
COUGHLIN CHRISTOPHER J
acquired
-
-
543
-
2023-06-30
DeVeydt Wayne S
acquired
-
-
581
-
2023-06-30
EPPINGER FREDERICK H
acquired
-
-
468
-
2023-06-30
Burdick Kenneth A
acquired
-
-
524
-
2023-06-23
KOSTER CHRISTOPHER
sold (taxes)
-133,199
66.8
-1,994
evp, secr. & general counsel
2023-06-23
LONDON SARAH
sold (taxes)
-133,199
66.8
-1,994
chief executive officer
2023-05-10
FORD MONTE E
acquired
-
-
2,947
-
2023-05-10
Dallas H James
acquired
-
-
2,947
-

1–10 of 50

Which funds bought or sold CNC recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-09-18
WASHINGTON CAPITAL MANAGEMENT, INC
new
-
569,278
569,278
0.48%
2023-09-13
CGC Financial Services, LLC
new
-
5,531
5,531
-%
2023-09-12
Farther Finance Advisors, LLC
added
20.69
6,332
28,329
0.01%
2023-09-12
DAVIDSON KEMPNER CAPITAL MANAGEMENT LP
reduced
-17.12
-2,106,010
16,109,200
0.42%
2023-09-07
ST GERMAIN D J CO INC
new
-
25,631
25,631
-%
2023-09-05
Delos Wealth Advisors, LLC
unchanged
-
84.00
1,349
-%
2023-09-01
Portside Wealth Group, LLC
new
-
850,140
850,140
0.16%
2023-08-28
DT Investment Partners, LLC
unchanged
-
-521
59,033
0.01%
2023-08-24
ProVise Management Group, LLC
added
31.1
99,328
348,312
0.03%
2023-08-24
Alberta Investment Management Corp
added
73.25
19,108,000
41,623,400
0.40%

1–10 of 49

Latest Funds Activity

Are funds buying CNC calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own CNC
No. of Funds

Schedule 13G FIlings of Centene

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 13, 2023
capital world investors
8.8%
49,809,061
SC 13G/A
Feb 09, 2023
fmr llc
-
0
SC 13G/A
Feb 09, 2023
vanguard group inc
11.52%
65,260,984
SC 13G/A
Jan 31, 2023
blackrock inc.
7.2%
40,669,044
SC 13G/A
Feb 14, 2022
price t rowe associates inc /md/
4.9%
28,709,382
SC 13G/A
Feb 11, 2022
capital world investors
8.0%
46,851,859
SC 13G/A
Feb 09, 2022
vanguard group inc
10.71%
62,485,541
SC 13G/A
Feb 09, 2022
fmr llc
-
0
SC 13G/A
Feb 03, 2022
blackrock inc.
7.1%
41,158,173
SC 13G/A
Feb 16, 2021
capital world investors
6.5%
37,874,670
SC 13G/A

Recent SEC filings of Centene

View All Filings
Date Filed Form Type Document
Sep 18, 2023
4
Insider Trading
Sep 06, 2023
8-K
Current Report
Jul 28, 2023
8-K
Current Report
Jul 28, 2023
10-Q
Quarterly Report
Jul 05, 2023
4
Insider Trading
Jul 05, 2023
4
Insider Trading
Jul 05, 2023
4
Insider Trading
Jul 05, 2023
4
Insider Trading
Jul 05, 2023
4
Insider Trading
Jun 27, 2023
4
Insider Trading

Peers (Alternatives to Centene)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
456.2B
348.5B
-1.12% -5.24%
21.61
1.31
13.69% 15.63%
91.1B
186.1B
2.16% 0.51%
13.64
1.92
3.72% 22.38%
65.7B
98.7B
-1.33% -3.60%
23.41
0.71
10.45% 7.48%
37.2B
147.9B
6.66% -18.38%
13.7
0.25
7.12% 45.86%
MID-CAP
6.1B
937.9M
1.65% -0.24%
473.75
6.48
17.97% 120.64%
5.2B
2.3B
3.17% 35.63%
86.23
2.28
2.85% -58.05%
3.4B
732.5M
-9.20% 33.23%
48.96
4.64
9.34% 4.86%
3.2B
4.4B
-5.70% -21.20%
10.02
0.73
-16.06% -30.43%
2.8B
6.5B
-13.85% 14.48%
13.14
0.43
1.83% 10.70%
SMALL-CAP
1.9B
1.5B
-8.12% 43.46%
-147.16
1.24
12.20% -155.34%
1.4B
999.1M
-7.68% -7.58%
25.63
1.38
10.42% 21.37%
809.4M
3.0B
6.17% -17.94%
-7.85
0.27
11.66% -12.20%

Centene News

Nasdaq
How The Pieces Add Up: EUSA Headed For $91.
Nasdaq,
2 hours ago
InvestorsObserver
Marketscreener.com
The Coin Republic
Best Stocks

Returns for CNC

Cumulative Returns on CNC

16.6%


10-Year Cumulative Returns

10.4%


7-Year Cumulative Returns

-0.9%


5-Year Cumulative Returns

3.7%


3-Year Cumulative Returns

Risks for CNC

What is the probability of a big loss on CNC?

67.3%


Probability that Centene stock will be more than 20% underwater in next one year

26.9%


Probability that Centene stock will be more than 30% underwater in next one year.

0%


Probability that Centene stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does CNC drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Centene was unfortunately bought at previous high price.

Drawdowns

Financials for Centene

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Last 12 Months)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Revenue1.1%147,923146,251144,547141,554138,095133,184125,982121,702118,386115,073111,115101,69091,57682,22074,63972,33569,54165,36660,11656,36352,079
Costs and Expenses0.3%145,340144,968143,229139,351135,823131,201124,198120,506116,874111,125108,03398,34688,91780,93672,85870,44367,78463,76358,65855,11250,529
  S&GA Expenses1.8%12,07111,85511,58911,08210,77310,1129,6019,1449,1149,2309,3808,8797,9897,3086,5336,3566,6736,3366,0435,7474,843
EBITDA-100.0%-3,9254,1804,3504,0593,9583,9542,9442,9275,6334,7604,8554,0372,4972,8372,8922,716----
EBITDA Margin-100.0%-0.03*0.03*0.03*0.03*0.03*0.03*0.02*0.02*0.05*0.04*0.05*0.04*0.03*0.04*0.04*0.04*----
Interest Expenses2.8%704685665653654655665680694718728664579493412397395374343311279
Earnings Before Taxes74.9%3,8562,2051,9622,6152,3262,0201,8131,0451,0973,5832,7733,1072,5101,2281,7821,8791,7281,5401,3681,1791,481
EBT Margin-100.0%-0.02*0.01*0.02*0.02*0.02*0.01*0.01*0.01*0.03*0.02*0.03*0.03*0.01*0.02*0.03*0.02*----
Net Income82.9%2,7131,4831,2022,0141,8601,4971,3477367202,4611,8082,0291,5568451,3211,3531,2771,0829008891,075
Net Income Margin-100.0%-0.01*0.01*0.01*0.01*0.01*0.01*0.01*0.01*0.02*0.02*0.02*0.02*0.01*0.02*0.02*0.02*----
Free Cashflow-100.0%-8,3925,2577,4935,9854,3483,2955,6432,8634,9074,6341,0081,918-8047537841,498----
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Assets-0.2%82,85382,98276,87081,17281,06082,90178,37577,74371,53970,28568,71968,36468,34766,43140,99434,25234,36833,56930,90131,15728,743
  Current Assets-0.4%34,86635,00930,12833,27532,40631,11028,49728,05625,46424,44023,39327,27526,82224,69620,32313,45713,59613,61611,99813,08812,377
    Cash Equivalents8.3%17,17015,85312,07414,98713,43511,23713,21413,42311,0189,62710,80012,19812,7989,30812,1316,2156,8756,3455,3506,8476,707
  Net PPE-2.5%2,4162,4782,4322,4792,5573,5833,3913,3022,9122,8222,7742,6692,5442,4392,1211,9931,8781,8001,7061,5841,327
  Goodwill-0.6%18,71618,83618,81220,04020,31020,90319,77119,69918,80518,78818,65217,96417,43417,4176,8636,8727,1266,9817,0156,8031,663
Liabilities-1.3%57,06657,79652,63355,57254,49755,47151,35351,06945,41143,74942,75742,48543,14242,73928,30221,81622,09821,92519,87820,39618,035
  Current Liabilities-4.7%31,30632,85728,46431,33029,08629,68525,76525,04223,64222,27921,58521,79521,91821,65112,93213,28012,65313,14311,97112,7419,862
    LT Debt, Current13.4%11097.0082.0024930029226724525362.0097.0089.0010612988.0066.0087.0040.0038.004.004.00
    LT Debt, Non Current-1.8%17,89618,22317,93818,08418,45618,64018,57118,59416,53616,69516,68216,73716,70817,15013,6386,9757,0476,7756,6486,3796,275
Shareholder's Equity2.0%25,67125,16624,05725,37826,43027,31326,94026,59026,04526,45825,88525,84325,17223,65612,65912,40512,24811,63411,01310,75010,696
  Retained Earnings10.1%11,52910,4719,3419,5548,8168,9888,1397,5406,9567,4916,7926,8046,2365,0304,9844,7754,6804,1853,6633,4223,403
  Additional Paid-In Capital0.3%20,18320,12120,06019,77419,89919,83019,67219,59419,54519,50019,45919,39019,33319,2797,6477,5717,5317,4917,4497,3957,355
Shares Outstanding-1.0%546552551570584583582583583582581580579544415414413413412411391
Minority Interest-21.8%97.0012412415614114414512413411611211811610710894.0094.0094.0096.0097.0087.00
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Cashflow From Operations-8.6%8,5719,3796,2618,5126,9825,3134,2056,5113,7575,7865,5031,8712,724-73.001,4831,5002,1477041,2342,3181,867
  Share Based Compensation-1.3%222225234256245222203190204215281289269256177146150150145141140
Cashflow From Investing41.4%-453-773-2,921-3,999-5,024-5,093-3,299-6,697-5,343-4,290-6,955-2,844-3,635-4,431-1,532-2,410-4,261-4,194-4,585-4,131-2,023
Cashflow From Financing-6.8%-4,146-3,882-4,197-2,7004249371,3621,474-165-6522607,0876,9757,6136,8322804704,1574,6124,3814,257
  Buy Backs1.6%3,5043,4483,0961,91168433929710598.0097.0062660459959875.0095.0095.0097.0071.0064.0063.00

CNC Income Statement

2023-06-30
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
3 Months Ended6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues:    
Premium and service revenues$ 34,838$ 33,968$ 69,790$ 68,200
Premium tax2,7701,9686,7074,921
Total revenues37,60835,93676,49773,121
Expenses:    
Medical costs29,34727,31258,78155,150
Cost of services8772,0991,7474,087
Selling, general and administrative expenses3,0162,8006,0275,545
Depreciation expense146164288320
Amortization of acquired intangible assets179199362398
Premium tax expense2,8542,0416,8655,047
Impairment181,450381,450
Total operating expenses36,43736,06574,10871,997
Earnings (loss) from operations1,171(129)2,3891,124
Other income (expense):    
Investment and other income4254277894
Debt extinguishment013016
Interest expense(181)(162)(361)(322)
Earnings (loss) before income tax1,415(236)2,806912
Income tax expense (benefit)360(65)621231
Net earnings (loss)1,055(171)2,185681
(Earnings) loss attributable to noncontrolling interests3(1)3(4)
Net earnings (loss) attributable to Centene Corporation$ 1,058$ (172)$ 2,188$ 677
Net earnings (loss) per common share attributable to Centene Corporation:    
Basic earnings (loss) per common share (in dollars per share)$ 1.93$ (0.29)$ 3.98$ 1.16
Diluted earnings (loss) per common share (in dollars per share)$ 1.92$ (0.29)$ 3.96$ 1.15
Weighted average number of common shares outstanding:    
Basic (in shares)548,932583,644549,850583,435
Diluted (in shares)550,308583,644551,996590,226
Premium    
Revenues:    
Premium and service revenues$ 33,713$ 31,510$ 67,538$ 63,399
Service    
Revenues:    
Premium and service revenues$ 1,125$ 2,458$ 2,252$ 4,801

CNC Balance Sheet

2023-06-30
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Current assets:  
Cash and cash equivalents$ 17,170$ 12,074
Premium and trade receivables13,60113,272
Short-term investments2,2122,321
Other current assets1,8832,461
Total current assets34,86630,128
Long-term investments16,10814,684
Restricted deposits1,3551,217
Property, software and equipment, net2,4162,432
Goodwill18,71618,812
Intangible assets, net6,5206,911
Other long-term assets2,8722,686
Total assets82,85376,870
Current liabilities:  
Medical claims liability16,88416,745
Accounts payable and accrued expenses9,8689,525
Return of premium payable2,0711,634
Unearned revenue2,373478
Current portion of long-term debt11082
Total current liabilities31,30628,464
Long-term debt17,89617,938
Deferred tax liability495615
Other long-term liabilities7,3695,616
Total liabilities57,06652,633
Commitments and contingencies
Redeemable noncontrolling interests1956
Stockholders' equity:  
Preferred stock, $0.001 par value; authorized 10,000 shares; no shares issued or outstanding at June 30, 2023 and December 31, 202200
Common stock, $0.001 par value; authorized 800,000 shares; 614,743 issued and 546,003 outstanding at June 30, 2023, and 607,847 issued and 550,754 outstanding at December 31, 202211
Additional paid-in capital20,18320,060
Accumulated other comprehensive (loss)(998)(1,132)
Retained earnings11,5299,341
Treasury stock, at cost (68,740 and 57,093 shares, respectively)(5,044)(4,213)
Total Centene stockholders' equity25,67124,057
Nonredeemable noncontrolling interest97124
Total stockholders' equity25,76824,181
Total liabilities, redeemable noncontrolling interests and stockholders' equity$ 82,853$ 76,870

About Centene