Health insurer shares fall after UnitedHealth exec murder
| CNC Stock | USD 58.63 2.10 3.46% |
About 62% of Centene Corp's investor base is looking to short. The analysis of the overall prospects from investing in Centene Corp suggests that many traders are, at the present time, alarmed. The current market sentiment, together with Centene Corp's historical and current headlines, can help investors time the market. In addition, many technical investors use Centene Corp stock news signals to limit their universe of possible portfolio assets.
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Shares of health insurance companies including UnitedHealth Group continued to fall on Friday, two days after Brian Thompson, the CEO of the companys health insurance unit, was fatally shot outside a Manhattan hotel by a gunman lying in wait. Thompsons death sparked a wide social media conversation over frustrations with navigating the U.S. health insurance system, particularly when medical expenses are not covered or insurance claims or requests for care are denied. The anti-insurer sentiment expressed by the public after this event suggests that UnitedHealth and perhaps the industry may need to adjust how they handle coverage decisions, said Morningstar analyst Julie Utterback.
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Centene Corp Fundamental Analysis
We analyze Centene Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Centene Corp using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Centene Corp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Total Debt
Total Debt Comparative Analysis
Centene Corp is currently under evaluation in total debt category among its peers. Total Debt refers to the amount of long term interest-bearing liabilities that a company carries on its balance sheet. That may include bonds sold to the public, notes written to banks or capital leases. Typically, debt can help a company magnify its earnings, but the burden of interest and principal payments will eventually prevent the firm from borrow excessively.
Centene Corp Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Centene Corp stock to make a market-neutral strategy. Peer analysis of Centene Corp could also be used in its relative valuation, which is a method of valuing Centene Corp by comparing valuation metrics with similar companies.
Peers
Centene Corp Related Equities
| UNH | UnitedHealth Group | 1.81 |
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| CI | Cigna Corp | 2.07 |
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| CVS | CVS Health | 2.60 |
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| ELV | Elevance Health | 2.91 |
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| HUM | Humana | 3.77 |
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| ALHC | Alignment Healthcare | 3.96 |
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| OSCR | Oscar Health | 6.16 |
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| MOH | Molina Healthcare | 10.09 |
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