Centene Achieves Large Cap Milestone with Addition to S&P 500
On March 29, 2016, Centene moved up to the Standard & Poor’s 500 Index (S&P 500®), a stock market index from S&P Dow Jones Indices that is widely regarded as the best single gauge of large-cap U.S. equities chosen for market size, liquidity and industry grouping, among other factors. Meant to reflect the risk/return characteristics of the large cap universe, there is over $7.8 trillion benchmarked to the index, with index assets comprising approximately $2.2 trillion of this total. The index, which includes 500 leading companies and captures approximately 80 percent coverage of available market capitalization, is updated according to market changes and fluctuation.
Centene Climbs to No. 66 in FORTUNE 500® Ranking
Fortune Magazine has ranked Centene Corporation No. 66 in its annual 2017 Fortune 500 List of largest corporations in the United States, ranked by revenue, up from 124 last year. Centene has risen 420 spots since first entering the list in 2010.
The Russell 1000 Index is the large-cap index of the top 1,000 U.S. common stocks, ranked by market capitalization. It incorporates respective variables to determine Valuation (Growth/Value) or Stability (Defensive/Dynamic) styles, at each annual reconstitution period (May 31). The Russell Midcap Index includes the bottom 800 stocks in the Russell 1000 Index. The Russell Top 200 Index plus the Russell Midcap Index yields the Russell 1000 Index. Centene was added to this index in 2014.
Barron’s 400 Index
Centene Corporation was selected to the September 2014 edition of the Barron’s 400 Index, a national rating of public companies, issued bi-annually by the financial multi-media company. After going through this reconstitution and rebalance procedure, fewer than 6% of all North American publicly-listed companies are selected each six-month period.