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Saint Louis, Missouri-based Centene Corporation (CNC) operates as a healthcare enterprise, providing programs and services to under-insured and uninsured families, commercial organizations, and military families. With a market cap of $15.3 billion, Centene operates through Medicaid, Medicare, Commercial, and Other segments.
Companies worth $10 billion or more are generally described as "large-cap stocks." Centene fits this bill perfectly. Given that the company operates as one of the largest healthcare plan providers in the United States, its valuation above this mark is not surprising.