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Centene Corp (CNC.N)

CNC.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

ISS Recommends Centene, Wellcare Stockholders Vote "For" Proposals Regarding Centene's Pending Acquisition Of Wellcare
Wednesday, 12 Jun 2019 

June 12 (Reuters) - WellCare Health Plans Inc ::LEADING INDEPENDENT PROXY ADVISORY FIRM ISS RECOMMENDS THAT CENTENE AND WELLCARE STOCKHOLDERS VOTE "FOR" PROPOSALS REGARDING CENTENE'S PENDING ACQUISITION OF WELLCARE.  Full Article

Dan Loeb's Third Point Fund Has Built A Stake In Centene Worth At Least $300 Mln, Wants Co To Consider Selling Itself - CNBC, Citing Dow Jones
Friday, 24 May 2019 

May 24 (Reuters) - :DAN LOEB'S THIRD POINT FUND HAS BUILT A STAKE IN CENTENE WORTH AT LEAST $300 MILLION, WANTS CO TO CONSIDER SELLING ITSELF - CNBC, CITING DOW JONES.  Full Article

Centene Ceo Says Co Will Support Efforts To Increase Price Transparency In Industry
Tuesday, 23 Apr 2019 

April 23 (Reuters) - Centene Corp ::CENTENE CEO SAYS "WE SEE AN OPPORTUNITY TO CONTINUE TO IMPROVE OVERALL MEDICAID MARGINS." - CONF. CALL.CENTENE CEO SAYS 2020 WILL BE AN INFLECTION POINT FOR CO'S MEDICARE ADVANTAGE BOOK OF BUSINESS - CONF. CALL.CENTENE CEO SAYS CO WILL SUPPORT EFFORTS TO INCREASE PRICE TRANSPARENCY IN INDUSTRY, INCLUDING MOVING TOWARD NET PRICING- CONF. CALL.CENTENE SAYS THERE MAYBE SOME FORM OF DIVESTITURES IN NEBRASKA AND MISSOURI AS PART OF PLANNED ACQUISITION OF WELLCARE - CONF. CALL.CENTENE SAYS PRELIMINARY DISCUSSIONS WITH REGULATORY AUTHORITIES IN CO'S LARGEST STATES HAVE TAKEN PLACE IN CONNECTION WITH PLANNED ACQUISITION OF WELLCARE - CONF. CALL.  Full Article

Centene Corporation Q1 Adjusted Earnings Per Share $1.39
Tuesday, 23 Apr 2019 

April 23 (Reuters) - Centene Corp ::ORATION REPORTS 2019 FIRST QUARTER RESULTS AND INCREASES 2019 GUIDANCE.Q1 ADJUSTED EARNINGS PER SHARE $1.39.Q1 REVENUE $18.4 BILLION VERSUS REFINITIV IBES ESTIMATE OF $17.47 BILLION.Q1 EARNINGS PER SHARE ESTIMATE $1.34 -- REFINITIV IBES DATA.2019 Q1 DILUTED EPS OF $1.24.MARCH 31, 2019 MANAGED CARE MEMBERSHIP OF 14.7 MILLION, AN INCREASE OF 1.8 MILLION MEMBERS, OR 14%, OVER MARCH 31, 2018.HEALTH BENEFITS RATIO (HBR) OF 85.7% FOR Q1 OF 2019, COMPARED TO 84.3% IN Q1 OF 2018.AN INCREASE TO ADJUSTED DILUTED EPS GUIDANCE AT MIDPOINT OF $0.13 FOR 2019.SEES 2019 GAAP DILUTED EPS $3.67 - $3.84.SEES 2019 TOTAL REVENUES OF $72.8 BILLION - $73.6 BILLION.SEES 2019 ADJUSTED DILUTED EPS $4.24 - $4.44.FY2019 EARNINGS PER SHARE VIEW $4.25, REVENUE VIEW $70.86 BILLION -- REFINITIV IBES DATA.SEES 2019 HBR OF 86.5% - 87.0%.WELLCARE HEALTH PLANS DEAL EXPECTED TO CLOSE IN FIRST HALF OF 2020.  Full Article

Centene Says CEO Michael Neidorff's Total 2018 Compensation Was $26.1 Million Versus $25.3 Million In 2017
Saturday, 9 Mar 2019 

March 8 (Reuters) - Centene Corp ::CENTENE SAYS CEO MICHAEL F. NEIDORFF'S TOTAL 2018 COMPENSATION WAS $26.1 MILLION VERSUS $25.3 MILLION IN 2017.CENTENE SAYS CFO JEFFREY A. SCHWANEKE'S TOTAL 2018 COMPENSATION WAS ABOUT $10 MILLION VERSUS $5.5 MILLION IN 2017.  Full Article

Appaloosa Cuts Stakes in Facebook, Allergan, Alphabet; Adds Wells Fargo
Friday, 15 Feb 2019 

Feb 14 (Reuters) - Appaloosa LP ::APPALOOSA LP CUTS SHARE STAKE IN FACEBOOK INC BY 56.8 PERCENT TO 1.4 MILLION CLASS A SHARES - SEC FILING.APPALOOSA LP TAKES SHARE STAKE IN WELLS FARGO CO OF 300,000 SHARES.APPALOOSA LP DISSOLVES SHARE STAKE IN CENTENE CORP.APPALOOSA LP DISSOLVES SHARE STAKE IN DOLLAR GENERAL CORP.APPALOOSA LP DISSOLVES SHARE STAKE IN XPO LOGISTICS INC.APPALOOSA LP CUTS SHARE STAKE IN ALLERGAN PLC BY 42.3 PERCENT TO 1.2 MILLION SHARES.APPALOOSA LP CUTS SHARE STAKE IN UNITEDHEALTH GROUP INC BY 28.3 PERCENT TO 250,000 SHARES.APPALOOSA LP CUTS SHARE STAKE IN KENNAMETAL INC BY 86.8 PERCENT TO 195,709 SHARES.APPALOOSA LP DISSOLVES SHARE STAKE IN HUNTSMAN CORP.APPALOOSA LP CUTS SHARE STAKE IN ALPHABET INC BY 27.2 PERCENT TO 145,600 SHARES OF CLASS C CAPITAL STOCK.APPALOOSA LP CUTS SHARE STAKE IN MICRON TECHNOLOGY INC BY 55.6 PERCENT TO 16.0 MILLION SHARES.APPALOOSA LP CUTS SHARE STAKE IN NRG ENERGY INC BY 82.4 PERCENT TO 460,969 SHARES.CHANGE IN HOLDINGS ARE AS OF DECEMBER 31, 2018 AND COMPARED WITH THE PREVIOUS QUARTER ENDED AS OF SEPTEMBER 30, 2018.  Full Article

Jana Partners Dissolves Sole Share Stake In Alibaba, GM; Cuts Stake In Apple
Thursday, 14 Feb 2019 

Feb 14 (Reuters) - :JANA PARTNERS LLC DISSOLVES SOLE SHARE STAKE IN ALIBABA GROUP HOLDING LTD - SEC FILING.JANA PARTNERS LLC CUTS SOLE SHARE STAKE IN APPLE INC BY 63.6 PERCENT.JANA PARTNERS LLC DISSOLVES SHARE STAKE IN UNITED STATES STEEL CORP.JANA PARTNERS LLC TAKES SOLE SHARE STAKE OF 400,461 SHARES IN CENTENE CORP.JANA PARTNERS LLC DISSOLVES SOLE SHARE STAKE IN GENERAL MOTORS.JANA PARTNERS LLC UPS SOLE SHARE STAKE IN CONAGRA BRANDS INC TO 13.5 MILLION SHARES FROM 5.2 MILLION SHARES.JANA PARTNERS LLC UPS SOLE SHARE STAKE IN TIFFANY & CO BY 66.6 PERCENT TO 1.9 MILLION SHARES.JANA PARTNERS LLC TAKES SOLE SHARE STAKE OF 460,902 SHARES IN SYNOPSYS INC.JANA PARTNERS LLC TAKES SOLE SHARE STAKE OF 115,000 SHARES IN SALESFORCE COM INC.JANA PARTNERS LLC DISSOLVES SOLE SHARE STAKE IN CRONOS GROUP INC.JANA PARTNERS LLC: CHANGE IN HOLDINGS ARE AS OF DECEMBER 31, 2018 AND COMPARED WITH THE PREVIOUS QUARTER ENDED AS OF SEPTEMBER 30, 2018.  Full Article

Centene Corp Enters Into An Amendment To The Executive Employment Agreement With Michael Neidorff
Tuesday, 5 Feb 2019 

Feb 4 (Reuters) - Centene Corp ::ENTERED INTO AN AMENDMENT TO THE EXECUTIVE EMPLOYMENT AGREEMENT WITH MICHAEL F. NEIDORFF, CHAIRMAN AND CEO - SEC FILING.EMPLOYMENT AGREEMENT AMENDMENT PROVIDES THAT NEIDORFF WILL SERVE AS CEO UNTIL 2023 SHAREHOLDERS' MEETING.EMPLOYMENT AGREEMENT AMENDMENT PROVIDES THAT NEIDORFF WILL CONTINUE SERVING AS EXECUTIVE CHAIRMAN UNTIL 2024 SHAREHOLDERS' MEETING.  Full Article

Centene Says Will Confirm Its 2018 And 2019 Guidance Ranges Previously Announced
Monday, 7 Jan 2019 

Jan 7 (Reuters) - Centene Corp ::WILL CONFIRM ITS 2018 AND 2019 GUIDANCE RANGES PREVIOUSLY ANNOUNCED ON DECEMBER 13, 2018.FY2018 EARNINGS PER SHARE VIEW $7.04, REVENUE VIEW $59.94 BILLION -- REFINITIV IBES DATA.FY2019 EARNINGS PER SHARE VIEW $8.19, REVENUE VIEW $70.11 BILLION -- REFINITIV IBES DATA.  Full Article

Centene Corp Announces 2019 Guidance
Friday, 14 Dec 2018 

Dec 13 (Reuters) - Centene Corp ::ORATION ANNOUNCES 2019 GUIDANCE.SEES FY 2019 REVENUE UP ABOUT 17 PERCENT.SEES FY 2019 REVENUE $69.7 BILLION TO $70.5 BILLION.ANNOUNCES TWO-FOR-ONE STOCK SPLIT.SEES FY 2019 ADJUSTED EARNINGS PER SHARE $8.15 TO $8.55.SEES FY 2019 EARNINGS PER SHARE $7.23 TO $7.59.AFFIRMS ITS 2018 GUIDANCE.FY2018 EARNINGS PER SHARE VIEW $7.04, REVENUE VIEW $60.11 BILLION -- REFINITIV IBES DATA.FY2019 EARNINGS PER SHARE VIEW $8.36, REVENUE VIEW $70.06 BILLION -- REFINITIV IBES DATA.  Full Article

U.S. proxy firm ISS backs Centene's deal for WellCare

Institutional Shareholder Services has shown support for Centene Corporation's planned acquisition of smaller rival WellCare Health Plans Inc by recommending shareholders favor the deal, the health insurers said on Wednesday.