Centene Corporation (NYSE: CNC)

Centene Corporation (NYSE: CNC) provides health plans and related health care management services.

The St. Louis-based company is one of the largest Medicaid-based managed care organizations in the country. While Centene primarily provides health care products and services through Medicaid and Medicare, it also works through private insurers.

CNC and other managed care providers have been mounting a rally amid a market that has been rocked by fears of a recession.

Centene beat Wall Street’s first-quarter predictions with revenue increasing 24% year over year. Analysts predict that CNC earnings per share will increase 8% in 2022 and that revenue will edge up 13%, according to FactSet.

Centene recently increased its 2022 full-year guidance. The company cited increased Medicaid premium revenue and “favorable” insurance marketplace performance so far in the second-quarter as reasons for the guidance increase.