CNC - Major Decision: Jean Lori Robinson Exercises Options Realizing $237K At Centene | Benzinga
A large exercise of company stock options by Jean Lori Robinson, Director at Centene (NYSE:CNC) was disclosed in a new SEC filing on February 15, as part of an insider exercise.
What Happened: Robinson, Director at Centene, made a strategic move by exercising stock options for 10,000 shares of CNC as detailed in a Form 4 filing on Thursday with the U.S. Securities and Exchange Commission. The transaction value amounted to $237,100.
Currently, Centene shares are trading up 0.08%, priced at $78.36 during Friday's morning. This values Robinson's 10,000 shares at $237,100.
Delving into Centene's Background
Centene is a managed-care organization focused on government-sponsored healthcare plans, including Medicaid, Medicare, and the individual exchanges. Centene served 24 million medical members as of June 2023, mostly in Medicaid (67% of membership), the individual exchanges (14%), and Medicare Advantage (6%) plans. The company also serves traditional Medicare users with its Medicare Part D pharmaceutical program.
Financial Insights: Centene
Revenue Growth: Centene's revenue growth over a period of 3 months has been noteworthy. As of 31 December, 2023, the company achieved a revenue growth rate of approximately 3.73%. This indicates a substantial increase in the ...