10 Large-Cap Stocks Insiders Are Buying Recently

8. Centene Corporation (NYSE:CNC)

Number of Recent Insider Purchases: 7

Market Cap: $33.117 billion

Centene Corporation is one of the biggest providers of Medicaid-managed care services in the United States. It also offers products to Medicare members (including Medicare Prescription Drug Plans) and individuals and families served by the Health Insurance Marketplace. This way, the company is servicing more than 1 in 15 individuals across the nation.

In its financial report for the third quarter of 2024, the healthcare company disclosed premium and service revenues of $36.9 billion, compared to $34.97 million in the same period of 2023. Centene Corporations also revealed adjusted diluted earnings per share of $1.62, which compares to adjusted diluted earnings per share of $2.00 in the third quarter of 2023.

Its recent share decline, Oakmark Funds, advised by Harris Associates, attributed to investors’ concern around legislative changes following the recent U.S. presidential election and its potential impact on the company. Oakmark Funds acknowledged Centene’s earning power that can drive continued growth in earnings per share.

Over the last 12 months, Centene Corporation shares declined 11.03% to $65.89 per share.