CENTENE CORP (CNC)

Centene Corp. is a healthcare enterprise, which engages in the provision of programs and services to government sponsored healthcare programs. It operates through the following segments: Medicaid, Medicare, Commercial, and Other. The Medicaid segment includes the Temporary Assistance for Needy Families program, Medicaid Expansion programs, the Aged, Blind or Disabled program, the Children's Health Insurance Program, Long-Term Services and Supports, Foster Care, Medicare-Medicaid Plans, which cover beneficiaries who are dually eligible for Medicaid and Medicare, and other state-based programs. The Medicare segment consists of Medicare Advantage, Medicare Supplement, Dual Eligible Special Needs Plans, and Medicare Prescription Drug Plans. The Commercial segment is involved in the Health Insurance Marketplace product along with individual, small group, and large group commercial health insurance products. The Other segment refers to pharmacy operations, Envolve Benefit Options’ vision and dental services, clinical healthcare, behavioral health, international operations, and corporate management companies. The company was founded in 1984 and is headquartered in St. Louis, MO.

Address

7700 FORSYTH BLVD.
ST LOUIS, MO 63105

Founded

1984

Number of Employees

76,000

Buyback

Buyback Data 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Average
$ Amount Purchased
($ in 000s)
$28,545 $53,424 $63,673 $5,454 $16,644 $75 $101 $278 $3,096 $1,635 $954 $15,807
Average Price $13.14 $28.82 $29.51 $39.36 $56.01 $59.66 $61.91 $80.44 $83.98 $68.84 $75.23 $25.95
# Shares Purchased 2,172,992 1,853,884 2,157,978 138,548 297,186 1,261 1,639 3,454 36,868 23,751 12,687 609,113
Buyback Performance 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Average
Total Return to Date 470.9% 160.3% 154.2% 90.5% 33.9% 25.7% 21.1% -6.8% -10.7% 8.9% -0.3% 189.0%
S&P 500 Return to Date 181.9% 173.0% 168.6% 129.7% 104.9% 93.1% 74.8% 31.7% 37.3% 31.3% 7.4% 94.0%
Excess Total Return 289.1% -12.7% -14.4% -39.2% -71.0% -67.4% -53.7% -38.4% -48.0% -22.4% -7.7% 95.0%
Quartile Rank
Percentile Rank 91% 71% 71% 66% 52% 49% 42% 40% 36% 48% 40% 93%
Buyback returns calculated using weighted average buyback price over the last 10 years and comparing to current day stock price value. S&P 500 used as benchmark for excess return.

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