Centene Corp

Latest Centene Corp News and Updates

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    Earnings Report

    Analysts’ Recommendations for Anthem in 2017

    Based on the company’s performance in 1Q17, Anthem (ANTM) has increased its 2017 revenue guidance by around $1.5 billion.

    By Margaret Patrick
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    Healthcare

    Centene and Wellcare Health Plans: The Word on Wall Street

    Wall Street analysts expect an upside potential of 53.80% for Centene (CNC), based on the company’s trading price of $51.06.

    By Margaret Patrick
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    Consumer

    David Tepper’s Appaloosa: Analyzing Its Top Holdings

    In the third quarter, David Tepper’s Appaloosa included three new stocks, exited five securities, and increased its stake in the existing eight stocks.

    By Rabindra Samanta
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    Company & Industry Overviews

    This Rebate Decision Saw Health Insurers Soar Yesterday

    On Thursday, the Trump administration announced the withdrawal of the proposal to abolish rebates paid to pharmacy benefit managers by drugmakers.

    By Margaret Patrick
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    Company & Industry Overviews

    What’s Centene Expecting of Its Medicare and Medicaid Businesses?

    On its first-quarter earnings conference call, Centene (CNC) guided for almost flat MA (Medicare Advantage) memberships in 2019.

    By Margaret Patrick
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    Company & Industry Overviews

    Centene’s Fidelis Acquisition on Track to Achieve Synergy Targets

    On July 2, 2018, Centene (CNC) issued a press release announcing the completion of the acquisition of Fidelis Care, a leading government health plan in New York City,

    By Margaret Patrick
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    Company & Industry Overviews

    Here Is a Key Differentiator for Centene in Fiscal 2019

    Centene (CNC) highlighted its position as the national leader in the health insurance marketplace business with a presence in 16 states in the US.

    By Margaret Patrick
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    Company & Industry Overviews

    CNC or UNH: Who Has Better Earnings Growth Prospects?

    In its fourth-quarter earnings conference call, Centene (CNC) guided for fiscal 2019 GAAP diluted EPS of $3.65–$3.83.

    By Margaret Patrick
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    Company & Industry Overviews

    Medicaid Business—A Key Revenue Driver for WellCare Health Plans in 2017

    In 1Q17, WellCare Health Plans’ (WCG) Medicaid business reported revenues close to $2.6 billion, which equals year-over-year growth of ~11.8%.

    By Margaret Patrick
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    Real Insights

    Healthcare Moves Have Been Muted, but Could We Get a Surprise?

    Rising interest rates don’t negatively affect healthcare as much as some other industries. But it has still underperformed since the US elections.

    By Direxion
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    Earnings Report

    Why Centene’s Health Benefit Ratio Improved in 1Q17

    Centene (CNC) has projected its health benefit ratio (or HBR) for the full year 2017 to fall in the range of 87.0% to 87.5%.

    By Margaret Patrick
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    Earnings Report

    Centene Saw Robust Rise in Medicaid Enrollments in 1Q17

    In 1Q17, around 12.1 million members were enrolled in Centene’s (CNC) various healthcare plans, which is a year-over-year (or YoY) rise of around 600,000 beneficiaries.

    By Margaret Patrick
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    Earnings Report

    What Subsidy Eligible Membership Could Mean for Centene’s Public Exchange Revenues

    Centene managed to increase its public exchange membership from 75,000 members in 2015 to 146,000 members in 2015.

    By Margaret Patrick
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    Company & Industry Overviews

    Junk Bond Issuance Has Gained Traction

    The strong secondary market performance of the junk bond issues priced so far in 2016 built investor confidence. It helped them take positions in low quality and highly leveraged junk bonds.

    By Lynn Noah
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    Earnings Report

    Humana Acquisition Could Be Aetna’s Key Long-Term Growth Driver

    Aetna’s Humana acquisition is mainly aimed at increasing the combined companies’ exposure to the high-growth Medicare business. The deal is currently being scrutinized by antitrust regulators.

    By Margaret Patrick
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    Earnings Report

    Centene’s Revenue and Income Rose in 3Q15

    Centene has reported net revenue of $5,821 million in 3Q15, an increase of 5.7% compared to $5,506 million in 2Q15. Operating revenue increased 5.8% in 3Q15.

    By Gabriel Kane
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    Miscellaneous

    Is UnitedHealth Group a Better Partner for Cigna?

    Based on market capitalization, UnitedHealth Group appears to be a stronger partner for Cigna.

    By Margaret Patrick
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    Miscellaneous

    Synergies in Centene’s Acquisition of Health Net

    Centene projects that Health Net’s acquisition will help Centene realize pre-tax synergies worth $150 million by the end of the second year after the closure of the deal.

    By Margaret Patrick
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    Miscellaneous

    Analyzing the Market’s Response to the Centene–Health Net Deal

    The Centene–Health Net deal is expected to be completed by early 2016, pending approval by the shareholders of both companies.

    By Margaret Patrick
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    Miscellaneous

    Centene–Health Net Entity Could Be Medicaid Leader

    Centene aims to position itself as a leader in the fast-growing Medicaid market. Health Net’s acquisition will add ~1.7 million Medicaid members to the company’s portfolio.

    By Margaret Patrick
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    Miscellaneous

    Centene Announces Its Acquisition of Health Net

    On July 2, Centene announced the acquisition of Health Net for a combination of cash and shares amounting to $6.8 billion. This includes the assumption of Health Net’s $500 million debt.

    By Margaret Patrick
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    Company & Industry Overviews

    What Are Centene’s Key Risks?

    Centene (CNC) faces a unique combination of business risks as well as risks specific to the health industry (IYH). Centene has a highly concentrated business mix.

    By Margaret Patrick
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    Company & Industry Overviews

    Medical Care Ratio – Centene Compared to Its Peers

    For health insurance companies, the medical care ratio is the ratio of total money spent on healthcare claims to premiums earned—adjusted for tax and regulatory expenses.

    By Margaret Patrick
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    Company & Industry Overviews

    Anthem’s Medical Care Ratio Improves, Boosts Profit Margin

    Anthem’s medical care ratio declined from 87.8% in 2013 to 83.1% in 2014, as a result of its favorable enrollment mix.

    By Margaret Patrick
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    Company & Industry Overviews

    Specialty Services: How Does Centene Manage Them?

    Aside from the standard healthcare policies, players—like Centene—in the private health insurance industry (IYH) also offer specialty insurance.

    By Margaret Patrick
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    Company & Industry Overviews

    What’s Centene’s Business Strategy?

    Centene’s business strategy focuses on improving the quality of its services. It provides services to the uninsured and underinsured population in 22 states in the US.

    By Margaret Patrick
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    Company & Industry Overviews

    Cigna Diversifies Via Mergers and Acquisitions

    Among Cigna’s major strategic mergers and acquisitions was HealthSpring, acquired in 2012 for a consideration of $3.8 billion.

    By Margaret Patrick
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    Company & Industry Overviews

    Anthem’s Key Business Segments

    In 2014, of Anthem’s three business segments, Commercial and Specialty accounted for 53.7% of total revenues, and Government Business contributed 46.3%.

    By Margaret Patrick
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    Company & Industry Overviews

    Cigna: Medicare and Medicaid Beneficiaries Top Earners

    Most of Cigna’s revenue comes from insurance for employer-sponsored as well as Medicare and Medicaid beneficiaries.

    By Margaret Patrick
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    Company & Industry Overviews

    Shift to self-insurance plans affects health insurance stocks

    As hospital utilization remains low, more employers are exploring the option of self-insurance to reduce their employee benefit costs.

    By Margaret Patrick
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    Company & Industry Overviews

    The rise in insurance demand can benefit managed care stocks

    With 26 million uninsured people expected to gain insurance by 2017 due to the Affordable Care Act, the US is seeing a rise in health insurance demand.

    By Margaret Patrick
  • Healthcare

    Molina Healthcare: Why Medicaid growth should directly help Molina

    Molina Healthcare, Inc. (MOH): Market overview Medicaid is a rapidly growing segment within healthcare, which should directly benefit MOH. In addition to typical market growth of mid-single digits, there are several supplemental drivers. Healthcare reform (Obamacare) Under current reform provisions starting 2014, Medicaid would expand coverage to additional 11 thousand uninsured. Based on its presence within […]

    By Samuel Madden, CFA
  • Healthcare

    Molina Healthcare: Why Molina’s revenues have been growing fast

    Molina Healthcare, Inc. (MOH): Revenue growth In general, Medicaid health plans grow revenue by increasing their membership or generating higher rates from state governments. The latter portion is often left up to negotiations between plans and states. States often have the final say, but given cost savings managed care can generate, they are loathe to bring […]

    By Samuel Madden, CFA
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    Healthcare

    Molina Healthcare: The company’s foothold in a growing market

    As one of the leading Medicaid-focused HMOs, MOH enjoys a strong foothold in one of the healthcare sector’s fastest-growing markets.

    By Samuel Madden, CFA
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