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Magellan Health, Inc. (MGLN)

Stock Price: $94.38 USD -0.02 (-0.02%)
Updated May 18, 2021 12:40 PM EDT - Market open
Market Cap 2.47B
Revenue (ttm) 4.62B
Net Income (ttm) 391.91M
Shares Out 26.15M
EPS (ttm) 15.10
PE Ratio 6.25
Forward PE n/a
Dividend n/a
Dividend Yield n/a
Trading Day May 18
Last Price $94.38
Previous Close $94.40
Change ($) -0.02
Change (%) -0.02%
Day's Open 94.36
Day's Range 94.28 - 94.60
Day's Volume 35,087
52-Week Range 66.97 - 95.43

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BOSTON, May 11, 2021 /PRNewswire/ -- Mightier, provider of a ground-breaking, clinically-proven video game system for teaching children emotional regulation, today released results of a first of its kin...

6 days ago - PRNewsWire

Magellan Health's (MGLN) Q1 results reflect better performances by its Heathcare and Pharmacy Management segments.

2 weeks ago - Zacks Investment Research

Magellan Health (MGLN) delivered earnings and revenue surprises of 70.51% and 0.52%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

2 weeks ago - Zacks Investment Research

PHOENIX--(BUSINESS WIRE)--Magellan Health announced financial results for the first quarter ended March 31, 2021.

2 weeks ago - Business Wire

PHOENIX--(BUSINESS WIRE)--Magellan Healthcare is offering resources and programs to support individuals and families in honor of Mental Health Month in May.

4 weeks ago - Business Wire

Magellan Health (MGLN) partners Trapelo Health to offer an all-inclusive approach to value-based care in the innovative arena of precision oncology treatments.

1 month ago - Zacks Investment Research

PHOENIX & BURLINGTON, Mass.--(BUSINESS WIRE)--Magellan Rx Management and Trapelo Health are collaborating to offer a precision oncology platform for next-generation care.

1 month ago - Business Wire

WHITE PLAINS, N.Y., April 6, 2021 /PRNewswire/ -- Amalgamated Employee Benefits Administrators, one of the nation's leading third party administrators (TPA) for unions, businesses, associations and self...

1 month ago - PRNewsWire

PHOENIX--(BUSINESS WIRE)--Magellan Healthcare is providing support and resources during Autism Awareness Month.

1 month ago - Business Wire

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

1 month ago - Zacks Investment Research

PHOENIX--(BUSINESS WIRE)--Magellan Federal has been selected to serve as a contractor for the Military and Family Life Counseling Program for U.S. Department of Defense.

2 months ago - Business Wire

NEW YORK, March 16, 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 rights ...

Other stocks mentioned: COHR, FLIR
2 months ago - PRNewsWire

NEW YORK, March 4, 2021 /PRNewswire/ -- Halper Sadeh LLP, a global investor rights law firm, announces it is investigating the following companies: Magellan Health, Inc. (NASDAQ: MGLN) concerning potent...

2 months ago - PRNewsWire

Magellan Health's (MGLN) results reflect a decline in earnings and revenues due to lower contribution from Healthcare and Pharmacy Management units.

2 months ago - Zacks Investment Research

PHOENIX--(BUSINESS WIRE)--Magellan Health has announced financial results for the fourth quarter and the year ended December 31, 2020.

2 months ago - Business Wire

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
2 months ago - GlobeNewsWire

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 rights or...

Other stocks mentioned: FLIR, SMTX, TCF
2 months ago - PRNewsWire

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 potential v...

3 months ago - PRNewsWire

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

3 months ago - Zacks Investment Research

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/ -- Might...

3 months ago - PRNewsWire

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) concerning potent...

4 months ago - PRNewsWire

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 York City...

4 months ago - PRNewsWire

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

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

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
4 months ago - Zacks Investment Research

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) concerning potenti...

4 months ago - PRNewsWire

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. ("Magellan" or the...

4 months ago - PRNewsWire

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 Magellan Hea...

Other stocks mentioned: CNC
4 months ago - GlobeNewsWire

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 proposed acq...

Other stocks mentioned: CNC
4 months ago - PRNewsWire

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

YouTube video

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. Centene C...

Other stocks mentioned: CNC
4 months ago - CNBC Television

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

Other stocks mentioned: CNC
4 months ago - 24/7 Wall Street

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 share in c...

4 months ago - Business Wire

Magellan Health climbs after agreeing to Centene buyout offer

Other stocks mentioned: CNC
4 months ago - Market Watch

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 agreement und...

Other stocks mentioned: CNC
4 months ago - PRNewsWire

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

4 months ago - Zacks Investment Research

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

4 months ago - Zacks Investment Research

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

4 months ago - Business Wire

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

5 months ago - Zacks Investment Research

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

5 months ago - Zacks Investment Research

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

6 months ago - Business Wire

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

6 months ago - Zacks Investment Research

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

6 months ago - Seeking Alpha

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

6 months ago - Business Wire

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

6 months ago - Benzinga

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

6 months ago - Business Wire

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

6 months ago - Business Wire

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
8 months ago - Business Wire

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

8 months ago - Zacks Investment Research

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

8 months ago - Business Wire

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

8 months ago - Business Wire

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

8 months ago - Zacks Investment Research

About MGLN

Magellan Health, Inc., 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... [Read more...]

Industry
Healthcare Plans
Founded
1969
Stock Exchange
NASDAQ
Ticker Symbol
MGLN
Full Company Profile

Financial Performance

In 2020, MGLN's revenue was $4.58 billion, an increase of 0.26% compared to the previous year's $4.57 billion. Earnings were $382.34 million, an increase of 583.94%.

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 a decrease of -0.40% from the latest price.

Price Target
$94.00
(-0.40% downside)
Analyst Consensus: Buy