MOLINA HEALTHCARE, INC.

(MOH)
  Report
Delayed Nyse  -  05/27 04:03:07 pm EDT
305.08 USD   +2.03%
05/26BofA Securities Assess Risks to Managed Care Sector Amid Shifting Regulatory Environment, Market Disruption
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05/26BofA Securities Double Downgrades Molina Healthcare to Underperform From Buy, Adjusts Price Target to $335 From $355
MT
05/25Wells Fargo Adjusts Molina Healthcare's Price Target to $301 From $308, Reiterates Underweight Rating
MT
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Molina Healthcare, Inc. completed the acquisition of Texas Medicaid and Medicare-Medicaid Plan Contracts and Certain Operating Assets of Cigna Corporation (NYSE:CI).

01/01/2022 EDT

Molina Healthcare, Inc. (NYSE:MOH) entered into a definitive agreement to acquire Texas Medicaid and Medicare-Medicaid Plan Contracts and Certain Operating Assets of Cigna Corporation (NYSE:CI) for $60 million on April 22, 2021. The purchase price for the transaction is approximately $60 million and Molina intends to fund the purchase with cash on hand. Cigna’s Texas Medicaid and MMP business reported a full year 2020 premium revenue of approximately $1.0 billion. The transaction is subject to receipt of applicable federal and state regulatory approvals and the satisfaction of other customary closing conditions. It is expected to close in the second half of 2021. As of July 29, 2021, Molina Healthcare expect the transaction to close in January 2022. The transaction is expected to be immediately accretive to Molina’s adjusted earnings per share. Molina Healthcare, Inc. (NYSE:MOH) completed the acquisition of Texas Medicaid and Medicare-Medicaid Plan Contracts and Certain Operating Assets of Cigna Corporation (NYSE:CI) on January 1, 2022.


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All news about MOLINA HEALTHCARE, INC.
05/26BofA Securities Assess Risks to Managed Care Sector Amid Shifting Regulatory Environmen..
MT
05/26BofA Securities Double Downgrades Molina Healthcare to Underperform From Buy, Adjusts P..
MT
05/25Wells Fargo Adjusts Molina Healthcare's Price Target to $301 From $308, Reiterates Unde..
MT
05/06MOLINA HEALTHCARE, INC. : Submission of Matters to a Vote of Security Holders (form 8-K)
AQ
05/02Deutsche Bank Adjusts Molina Healthcare Price Target to $311 From $308, Maintains Hold ..
MT
04/28Management's discussion and analysis of financial condition and results of operations (..
AQ
04/28Molina Healthcare Seeks Acquisitions
CI
04/28TRANSCRIPT : Molina Healthcare, Inc., Q1 2022 Earnings Call, Apr 28, 2022
CI
04/27MOLINA HEALTHCARE : Reports First Quarter 2022 Financial Results - Form 8-K
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04/27Molina Healthcare Q1 Adjusted EPS, Revenue Climb; Raises 2022 Outlook
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Analyst Recommendations on MOLINA HEALTHCARE, INC.
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Financials (USD)
Sales 2022 30 529 M - -
Net income 2022 925 M - -
Net cash 2022 4 261 M - -
P/E ratio 2022 19,3x
Yield 2022 -
Capitalization 17 900 M 17 900 M -
EV / Sales 2022 0,45x
EV / Sales 2023 0,39x
Nbr of Employees 14 000
Free-Float 99,0%
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Technical analysis trends MOLINA HEALTHCARE, INC.
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 15
Last Close Price 305,08 $
Average target price 334,13 $
Spread / Average Target 9,52%
EPS Revisions
Managers and Directors
Joseph M. Zubretsky President & Chief Executive Officer
Mark L. Keim Chief Financial Officer
Dale B. Wolf Chairman
Jason Dees Senior Vice President-Marketplace
Ronna E. Romney Vice Chairman
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