Centene Corporation (CNC) continues to be a promising healthcare stock investment leading into 2025 despite recent weakness in its stock. The corporation reported strong third-quarter results in 2024, reaffirmed its 2024 earnings guidance, and is set to host an investor day on December 12, 2024. Principal Financial Group Inc. reported a stake of $46.80 million in CNC. The community health plan Health Net, a part of CNC, received a Health Equity Accreditation Plus, underlining CNC's commitment to providing robust health care services. However, there had been reports hinting towards a significant sell-off by Centene insiders, indicating potential bearish signals. The company again beat estimates in its Q3 2024 Earnings, reporting earnings per share of $1.36 and revenue of $42.0 billion, surpassing projections. In 2024, CNC is also recognized by Fortune as one of the best large workplaces for women. Despite the growth shown in its earnings, the shareholders seem to be not fully convinced with Centene's prospects as the stock touched a 52-week low at $62.99 amid market shifts. Nonetheless, Centene shows strong financials and continues to expand membership growth, premium and service sales.
Centene Corporation CNC News Analytics from Mon, 18 Mar 2024 07:00:00 GMT to Sat, 28 Dec 2024 22:05:53 GMT -
Rating 7
- Innovation 6
- Information 8
- Rumor -2
