The decline in Centene’s stock makes it attractively priced. Meanwhile, the broader industry has gained 4% during the same period. MOH.Ĭentene has witnessed a decline of 4% in the past three months, while Anthem has gained 14.8%. Other stocks with the same Zacks Rank as that of Centene and Anthem are WellCare Health Plans, Inc. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Centene has a market capitalization of $23.1 billion and the same for Anthem is $75.5 billion.Īs both stocks carry a Zacks Rank #2 (Buy), we are using other parameters to give investors a better insight. In a year’s time, the Zacks Health Maintenance Organization industry has gained 10.3% in the past year compared with the Zacks S&P 500 composite’s return of 8.6%.Īgainst this backdrop, let’s do a comparative analysis of two health insurers - Centene Corp.
This defers the uncertainty and will allow players to focus on their business. Moreover, regulatory changes have been deferred for a while, as the Trump administration has put on hold any changes to the Obamacare Act until the 2020 presidential elections. The industry is continuously evolving with cross-industry mergers and acquisitions that are reshaping business profiles and reducing the number of players, thus giving them greater power to negotiate with hospital and drug companies. Rising enrollment and top-line growth, increasing contribution from complementary businesses, product modifications, improved service, demographic changes, expansion of international operations, better claims handling, medical cost management, technological investment and upgrade, mergers and acquisitions, and healthy balance sheets have held the mojo for health insurers. The health insurance industry is continuing with solid growth on the back of an aging American population and easing regulations.
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