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Magellan Health, Inc. (MGLN)

Stock Price: $93.28 USD 0.09 (0.10%)
Updated Feb 25, 2021 3:59 PM EST - Market closed
After-hours: $93.19 -0.09 (-0.10%) Feb 25, 4:53 PM
Market Cap 2.42B
Revenue (ttm) 5.87B
Net Income (ttm) 133.99M
Shares Out 25.31M
EPS (ttm) 5.32
PE Ratio 17.53
Forward PE n/a
Dividend n/a
Dividend Yield n/a
Trading Day February 25
Last Price $93.28
Previous Close $93.19
Change ($) 0.09
Change (%) 0.10%
Day's Open 93.22
Day's Range 93.19 - 93.99
Day's Volume 179,778
52-Week Range 30.60 - 95.43

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GlobeNewsWire - 4 hours ago

NEW YORK, Feb. 25, 2021 (GLOBE NEWSWIRE) -- Halper Sadeh LLP, a global investor rights law firm, continues to investigate the following companies:

Other stocks mentioned: TCF, TPCO, WDR
PRNewsWire - 2 days ago

NEW YORK, Feb. 23, 2021 /PRNewswire/ -- If you own shares in any of the companies listed above and would like to discuss our investigations or have any questions concerning this notice or your...

Other stocks mentioned: FLIR, SMTX, TCF
PRNewsWire - 1 week ago

NEW YORK, Feb. 12, 2021 /PRNewswire/ -- Halper Sadeh LLP, a global investor rights law firm, continues to investigate the following companies: Magellan Health, Inc. (NASDAQ: MGLN) concerning p...

Zacks Investment Research - 2 weeks ago

Magellan Health (MGLN) initiates a pilot program with Wellth to improve medication adherence and the general health of its members.

PRNewsWire - 2 weeks ago

24-month clinical study aims to understand how video games can improve the lives of children who suffer from a broad range of pediatric mental health disorders BOSTON, Feb. 8, 2021 /PRNewswire...

PRNewsWire - 1 month ago

NEW YORK, Jan. 12, 2021 /PRNewswire/ -- Halper Sadeh LLP, a global investor rights law firm, announces it is investigating the following companies: Magellan Health, Inc. (NASDAQ: MGLN) concern...

PRNewsWire - 1 month ago

NEW YORK, Jan. 8, 2021 /PRNewswire/ -- Juan Monteverde, founder and managing partner at Monteverde & Associates PC, a national securities firm headquartered at the Empire State Building in New...

Zacks Investment Research - 1 month ago

Centene (CNC) to acquire Magellan Health for providing better healthcare to the most susceptible and underserved communities.

Other stocks mentioned: CNC
Zacks Investment Research - 1 month ago

Molina Healthcare (MOH) wraps up the buyout of Magellan Health's arm MCC to expand its presence and boost its capabilities.

Other stocks mentioned: MOH
PRNewsWire - 1 month ago

NEW YORK, Jan. 5, 2021 /PRNewswire/ -- Halper Sadeh LLP, a global investor rights law firm, announces it is investigating the following companies: Magellan Health, Inc. (NASDAQ: MGLN) concerni...

PRNewsWire - 1 month ago

NEW YORK, Jan. 4, 2021 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Magellan Health, Inc. ("Magell...

GlobeNewsWire - 1 month ago

NEW YORK, Jan. 04, 2021 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, has launched an investigation into whether the board members of Ma...

Other stocks mentioned: CNC
PRNewsWire - 1 month ago

NEW YORK, Jan. 4, 2021 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by Magellan Health, Inc. (NASDAQ: MGLN) and its board of directors concerning the pr...

Other stocks mentioned: CNC
CNBC Television - 1 month ago

Centene CEO Michael Neidorff on deal to acquire mental health company Magellan Health

Centene said it would buy Magellan Health in a $2.2 billion deal, looking to build up its mental health services as more Americans struggle with Covid-19-related behavioral and anxiety issues....

Other stocks mentioned: CNC
24/7 Wall Street - 1 month ago

Centene Corp. (NYSE: CNC) announced Monday that it has reached a definitive agreement to acquire Magellan Health Inc.

Other stocks mentioned: CNC
Business Wire - 1 month ago

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of Magellan Health, Inc. (NASDAQ: MGLN) to Centene Corporation for $95.00 per ...

Market Watch - 1 month ago

Magellan Health climbs after agreeing to Centene buyout offer

Other stocks mentioned: CNC
PRNewsWire - 1 month ago

ST. LOUIS and PHOENIX, Jan. 4, 2021 /PRNewswire/ -- Centene Corporation (NYSE: CNC) and Magellan Health, Inc. (NASDAQ: MGLN) today announced that they have entered into a definitive merger agr...

Other stocks mentioned: CNC
Zacks Investment Research - 2 months ago

Magellan Health (MGLN) has been benefiting from persistent tie-ups for offering enhanced behavioral health solutions and prudent capital deployment measures.

Zacks Investment Research - 2 months ago

Magellan Health (MGLN) purchases a majority stake in Bayless Integrated Healthcare to bolster/evolve its collaborative care strategy.

Business Wire - 2 months ago

PHOENIX--(BUSINESS WIRE)--Magellan Health announces the acquisition of majority interest in Bayless Integrated Healthcare.

Zacks Investment Research - 2 months ago

Is Magellan Health (MGLN) a great pick from the value investor's perspective right now? Read on to know more.

Zacks Investment Research - 3 months ago

Magellan Health's (MGLN) behavioral and specialty health subsidiary introduces programs to help people deal with mental health illnesses amid festivities.

Business Wire - 3 months ago

PHOENIX--(BUSINESS WIRE)--Magellan Health will participate in November investor conferences.

Zacks Investment Research - 3 months ago

Magellan Health's (MGLN) third-quarter results benefit from strong specialty pharmacy operations, partly offset by escalating expenses.

Seeking Alpha - 3 months ago

Magellan Health, Inc. (MGLN) CEO Ken Fasola on Q3 2020 Results - Earnings Call Transcript

Business Wire - 3 months ago

PHOENIX--(BUSINESS WIRE)--Magellan Health has rescheduled its third quarter 2020 earnings conference call.

Benzinga - 3 months ago

Shares of Magellan Health (NASDAQ:MGLN) were unchanged after the company reported Q3 results.

Business Wire - 3 months ago

PHOENIX--(BUSINESS WIRE)--Magellan Health has announced financial results for the third quarter ended on September 30, 2020.

Business Wire - 4 months ago

PHOENIX--(BUSINESS WIRE)--Magellan Health Announces Third Quarter 2020 Earnings Conference Call

Business Wire - 5 months ago

PHOENIX & MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Magellan Health and Livongo to co-create a new digital and clinical care experience across the behavioral health continuum.

Other stocks mentioned: LVGO
Zacks Investment Research - 5 months ago

Magellan (MGLN) continues to benefit from cost-cutting initiatives and impressive capital position.

Business Wire - 5 months ago

PHOENIX--(BUSINESS WIRE)--Magellan Health has appointed David Bourdon as chief financial officer of Magellan Health.

Business Wire - 5 months ago

PHOENIX--(BUSINESS WIRE)--Magellan Health has opened a crisis line for individuals impacted by Hurricane Laura.

Zacks Investment Research - 5 months ago

Magellan Health (MGLN) reported earnings 30 days ago. What's next for the stock?

Business Wire - 5 months ago

PHOENIX--(BUSINESS WIRE)--Magellan Health has opened a free crisis line for individuals impacted by the wildfires in California.

Seeking Alpha - 6 months ago

Magellan Health, Inc. (MGLN) CEO Ken Fasola on Q2 2020 Results - Earnings Call Transcript

Zacks Investment Research - 6 months ago

Magellan Health (MGLN) delivered earnings and revenue surprises of 68.00% and 5.11%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

Benzinga - 6 months ago

Shares of Magellan Health (NASDAQ:MGLN) remained unaffected after the company reported Q2 results.

Business Wire - 6 months ago

PHOENIX--(BUSINESS WIRE)--Magellan Health has announced financial results for the second quarter ended June 30, 2020.

Business Wire - 6 months ago

PHOENIX--(BUSINESS WIRE)--Magellan Health has launched a new approach to deliver innovative healthcare solutions through the Magellan Health Studio.

Zacks Investment Research - 7 months ago

Magellan Health's (MGLN) unit - Magellan Healthcare - tied up by which the Mightier program will be available for improving behavioral health outcomes of children.

Zacks Investment Research - 7 months ago

Magellan Health (MGLN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Business Wire - 7 months ago

PHOENIX--(BUSINESS WIRE)--Magellan Health announces pilot program with Mightier.

Business Wire - 7 months ago

PHOENIX--(BUSINESS WIRE)--Magellan Health will release its second quarter 2020 financial results at approximately 6:30 a.m. Eastern on Wednesday, July 29, 2020.

Zacks Investment Research - 8 months ago

Magellan Health (MGLN) takes initiatives to help individuals combat mental health woes during the coronavirus pandemic.

Zacks Investment Research - 8 months ago

Magellan Health (MGLN) reported earnings 30 days ago. What's next for the stock?

Zacks Investment Research - 9 months ago

Magellan Health's (MGLN) Q1 earnings benefit from higher profit owing to lower utilization of elective procedures.

Seeking Alpha - 9 months ago

Magellan Health, Inc. (MGLN) CEO Ken Fasola on Q1 2020 Results - Earnings Call Transcript

Zacks Investment Research - 9 months ago

Magellan Health (MGLN) delivered earnings and revenue surprises of 69.12% and 1.61%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

About MGLN

Magellan Health, together with its subsidiaries, provides healthcare management services in the United States. The company operates in Healthcare and Pharmacy Management segments. The Healthcare segment offers carve-out management services for behavioral health; employee assistance plans (EAP); and other areas of specialty healthcare, including diagnostic imaging, musculoskeletal management, cardiac, and physical medicine. It also contracts with state Medicaid agencies, and the centers for Medicare and Medicaid services to manage care for benef... [Read more...]

Industry
Healthcare Plans
Founded
1969
CEO
Kenneth John Fasola
Employees
10,100
Stock Exchange
NASDAQ
Ticker Symbol
MGLN
Full Company Profile

Financial Performance

In 2019, MGLN's revenue was $7.16 billion, a decrease of -2.12% compared to the previous year's $7.31 billion. Earnings were $55.90 million, an increase of 131.18%.

Financial Statements

Analyst Forecasts

According to 2 analysts, the average rating for MGLN stock is "Buy." The 12-month stock price forecast is 94.00, which is an increase of 0.77% from the latest price.

Price Target
$94.00
(0.77% upside)
Analyst Consensus: Buy