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Centene Corporation

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Centene’s shares have outperformed its industry’s gain in the past year. The company has been performing really well on the back of higher revenues, primarily driven by growth in the Health Insurance Marketplace business in 2018, strategic acquisitions, expansions and new programs across many of the states in 2017 and 2018 as well as the reinstatement of the health insurer fee in 2018. It has raised its 2018 guidance after solid performance in the second quarter. The company has seen substantial inorganic growth in the last five years. However, rising expenses continue to weigh on its margins. Rising debt burden also remains a concern for the company.

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