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Magellan Health, Inc. (MGLN)

NASDAQ: MGLN · IEX Real-Time Price · USD
94.63 -0.11 (-0.12%)
Oct 15, 2021 4:00 PM EDT - Market closed
Market Cap2.49B
Revenue (ttm)4.74B
Net Income (ttm)307.74M
Shares Out26.13M
EPS (ttm)11.91
PE Ratio7.94
Forward PEn/a
Dividendn/a
Ex-Dividend Daten/a
Volume212,958
Open94.80
Previous Close94.74
Day's Range94.55 - 94.82
52-Week Range70.95 - 95.43
Beta1.15
AnalystsHold
Price Target93.50 (-1.2%)
Est. Earnings DateOct 28, 2021

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; 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...

IndustryHealth Care Providers & Services
Founded1969
Employees9,000
Stock ExchangeNASDAQ
Ticker SymbolMGLN
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 Forecast

According to one analyst, the rating for MGLN stock is "Hold" and the 12-month stock price forecast is 93.50.

Price Target
$93.50
(-1.19% downside)
Analyst Consensus: Hold

News

Magellan Health Taps Healthcare Experts for Magellan Health Studio Advisory Council

PHOENIX--(BUSINESS WIRE)--Magellan Health brings together an accomplished team of healthcare experts to serve on the Magellan Health Studio Advisory Council.

3 days ago - Business Wire

New Strong Sell Stocks for October 7th

BE, ACMR, GPOR, NFE, and MGLN have been added to the Zacks Rank #5 (Strong Sell) List on October 7, 2021

Other symbols:ACMRBEGPORNFE
1 week ago - Zacks Investment Research

Magellan Rx Pharmacy Earns NABP Digital Pharmacy Accreditation

PHOENIX--(BUSINESS WIRE)--Magellan Rx Pharmacy has been accredited by the National Association of Boards of Pharmacy® (NABP®) for digital pharmacy practice

1 week ago - Business Wire

Magellan (MGLN) Unit Launches Solution to Improve Behavioral Care

Magellan's (MGLN) unit - Magellan Healthcare - together with NeuroFlow, introduces a collaborative care management solution in a bid to ease the behavioral health treatment process.

1 week ago - Zacks Investment Research

Magellan Healthcare Debuts High-Touch, High-Tech Collaborative Care Management Solution Powered by NeuroFlow

PHOENIX--(BUSINESS WIRE)--Magellan Healthcare Debuts High-Touch, High-Tech Collaborative Care Management Solution Powered by NeuroFlow

1 week ago - Business Wire

Magellan Health Opens Free Crisis Hotline to Support First Responders, Healthcare Workers and National Guard in Idaho

PHOENIX--(BUSINESS WIRE)--Magellan Health has opened a free crisis line for first responders and healthcare workers in Idaho who are serving during the pandemic.

2 weeks ago - Business Wire

Magellan Healthcare Hosts Webinars in Support of National Depression and Mental Health Awareness and Screening Month

PHOENIX--(BUSINESS WIRE)--Magellan Healthcare offers resources for youth and adults in support of National Depression and Mental Health Awareness and Screening Month.

2 weeks ago - Business Wire

Magellan Rx Management's AIDS Drug Assistance Program Center of Excellence Expands Program That Significantly Improve...

PHOENIX--(BUSINESS WIRE)--Magellan Rx has expanded Navigate Whole Health to include ADAP that applies a comprehensive approach to managing care for patients with HIV.

1 month ago - Business Wire

Magellan Health Provides Free Consultation Services and Referrals to Local Community Resources to Individuals Impacte...

PHOENIX--(BUSINESS WIRE)--Magellan Health will open a free 24-hour crisis line for all individuals impacted by the aftermath of Hurricane Ida.

1 month ago - Business Wire

Growth and Innovation Division at Magellan Health Announces New Appointments for Alisa Bahl, Ph.D. and Sean Gregory, ...

PHOENIX--(BUSINESS WIRE)--Magellan Health, Inc. (NASDAQ: MGLN) today announced it has appointed Alisa Bahl, Ph.D., as chief of strategy and innovation for Magellan Health, and Sean Gregory, Ph.D. as sen...

1 month ago - Business Wire

Magellan Healthcare Launches Clinically Proven Video Game Solution to Support Emotional Health for Youth

PHOENIX--(BUSINESS WIRE)--Magellan Healthcare announced it is now offering Mightier, a clinically-proven biofeedback video game for children, to health plans and employers.

1 month ago - Business Wire

Magellan (MGLN) Unveils Program to Improve Members' Mental Health

Magellan's (MGLN) unit - Magellan Healthcare - launched eMbolden program for offering improved behavioral health outcomes for employees and specific clients.

1 month ago - Zacks Investment Research

4 Health Insurance Companies Poised for Growth in 2H21

Strategic initiatives, rising enrolment and strength in Medicaid business are expected to aid health insurance companies like CNC, ANTM, MOH and UNH in 2H21.

Other symbols:ANTMCNCMOHUNH
1 month ago - Zacks Investment Research

Magellan Healthcare Launches eMbolden Resilience Program

PHOENIX--(BUSINESS WIRE)--Magellan Healthcare has launched the eMbolden Resilience Program developed in collaboration with Finding Mastery.

1 month ago - Business Wire

Magellan (MGLN) Q2 Earnings Decline Y/Y on High Expenses

Magellan Health's (MGLN) second-quarter results dampened by escalating expenses, partly offset by growth in revenues and Healthcare segment.

2 months ago - Zacks Investment Research

Magellan Health Reports Second Quarter 2021 Financial Results

PHOENIX--(BUSINESS WIRE)--Magellan Health Reports Second Quarter 2021 Financial Results

2 months ago - Business Wire

Why Fast-paced Mover Magellan Health (MGLN) Is a Great Choice for Value Investors

Magellan Health (MGLN) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks t...

2 months ago - Zacks Investment Research

Magellan Rx Management and Heuro Health Collaborate to Offer Live Behavioral Health Support and Wellness Coaching

PHOENIX--(BUSINESS WIRE)--Magellan Rx Management and Heuro Health are collaborating to offer behavioral health support and wellness coaching.

3 months ago - Business Wire

Fast-paced Momentum Stock Magellan Health (MGLN) Is Still Trading at a Bargain

If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Magellan Health (MGLN) could be a great choice. It is one of the several stocks that p...

3 months ago - Zacks Investment Research

Magellan's (MGLN) Unit Ties Up to Boost ASD Patient Outcomes

Magellan Health's (MGLN) unit - Magellan Healthcare - collaborated with Invo Healthcare for improving the model that provides ABA treatment to autistic children.

3 months ago - Zacks Investment Research

Magellan Healthcare and Invo Healthcare Announce Value-Based Care Collaboration Focused on Improved Autism Outcomes

PHOENIX--(BUSINESS WIRE)--Magellan Healthcare and Invo Healthcare have announced a value-based care collaboration focused on improved autism outcomes.

3 months ago - Business Wire

Magellan Healthcare Hosts Webinars in Support of BIPOC Mental Health Awareness Month in July

PHOENIX--(BUSINESS WIRE)--Magellan Healthcare announces activities in support of Black, Indigenous and People of Color (BIPOC) Mental Health Awareness Month in July.

3 months ago - Business Wire

Magellan (MGLN) Unit Generates Cost Savings With Biosimilars

Magellan's (MGLN) unit Magellan Rx benefits five health plan members, who utilized its oncology biosimilar solution. This generated annualized savings of more than $40 million for them.

4 months ago - Zacks Investment Research

Magellan Rx Management Oncology Biosimilar Solution Delivers $40M+ in Annualized Savings for Early Adopter Health Plans

PHOENIX--(BUSINESS WIRE)--Magellan Rx Management's oncology biosimilar solution has delivered savings for health plans who have adopted the program.

4 months ago - Business Wire

Magellan Rx Management's Medical Pharmacy Trend Report Unlocks the Latest Trends and Emerging Strategies to Manage Ri...

PHOENIX--(BUSINESS WIRE)--Magellan Rx Management has released its eleventh annual Medical Pharmacy Trend Report.

4 months ago - Business Wire