Molina Healthcare, Inc.

MOH

US60855R1005

Managed Healthcare

Market Closed - Nyse Other stock markets 04:00:01 2024-04-26 pm EDT			5-day change	1st Jan Change
342.2 ^USD	-2.86%		-6.88%	-5.28%

Apr. 26	Jefferies Adjusts Price Target on Molina Healthcare to $354 From $393	MT
Apr. 26	Goldman Sachs Adjusts Molina Healthcare Price Target to $442 From $463	MT

Molina Healthcare Provides Update on the Virginia Cardinal Care Managed Care Contract

February 29, 2024 at 04:19 pm EST

Molina Healthcare, Inc. (NYSE: MOH) (“Molina” or the “Company”) announced today that its Virginia health plan subsidiary, Molina Healthcare of Virginia, was not selected as an awardee in the Commonwealth of Virginia’s Cardinal Care Managed Care program. The current contract is expected to continue into the summer of 2024. Molina Healthcare of Virginia currently serves approximately 140,000 members.

The Company will evaluate next steps as further information becomes available.

About Molina Healthcare

Molina Healthcare, Inc., a FORTUNE 500 company, provides managed healthcare services under the Medicaid and Medicare programs and through the state insurance marketplaces. For more information about Molina Healthcare, please visit MolinaHealthcare.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240229897961/en/

Latest news about Molina Healthcare, Inc.

Jefferies Adjusts Price Target on Molina Healthcare to $354 From $393	Apr. 26	MT
Goldman Sachs Adjusts Molina Healthcare Price Target to $442 From $463	Apr. 26	MT
Barclays Adjusts Molina Healthcare Price Target to $430 From $437	Apr. 25	MT
Transcript : Molina Healthcare, Inc., Q1 2024 Earnings Call, Apr 25, 2024	Apr. 25
Molina Healthcare beats profit estimates aided by higher premiums	Apr. 24	RE
Molina Healthcare Q1 Adjusted Earnings Fall, Revenue Rises; 2024 Adjusted EPS Outlook Affirmed	Apr. 24	MT
Earnings Flash (MOH) MOLINA HEALTHCARE Reports Q1 Revenue $9.93B, vs. Street Est of $9.43B	Apr. 24	MT
Earnings Flash (MOH) MOLINA HEALTHCARE Posts Q1 EPS $5.73, vs. Street Est of $5.64	Apr. 24	MT
Molina Healthcare, Inc. Re-Affirms Earnings Guidance for the Full Year 2024	Apr. 24	CI
Molina Healthcare, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024	Apr. 24	CI
Molina Healthcare Shares Down After Price Target Cuts	Apr. 15	MT
Wells Fargo Cuts Price Target on Molina Healthcare to $410 From $440, Keeps Equalweight Rating	Apr. 15	MT
Truist Securities Adjusts Price Target on Molina Healthcare to $440 From $460	Apr. 15	MT
Molina Healthcare Selected for Medicaid Service Contract in Michigan	Apr. 11	MT
All eyes on Powell	Apr. 03
BofA Securities Downgrades Molina Healthcare to Underperform From Neutral Reflecting Lower Risk-Reward, Price Target is $439	Mar. 28	MT
Molina Healthcare Receives a Shareholder Proposal from John Chevedden	Mar. 21	CI
Wells Fargo Raises Price Target on Molina Healthcare to $440 From $420, Maintains Equal-Weight Rating	Mar. 20	MT
Molina Healthcare Insider Sold Shares Worth $401,050, According to a Recent SEC Filing	Feb. 21	MT
Truist Adjusts Price Target on Molina Healthcare to $460 From $435, Maintains Buy Rating	Feb. 20	MT
Molina Healthcare Insider Sold Shares Worth $597,570, According to a Recent SEC Filing	Feb. 16	MT
Molina Healthcare Insider Sold Shares Worth $299,340, According to a Recent SEC Filing	Feb. 16	MT
Wells Fargo Upgrades Molina Healthcare to Equalweight From Underweight, Adjusts Price Target $420 From $367	Feb. 15	MT
Molina Healthcare Insider Sold Shares Worth $5,798,455, According to a Recent SEC Filing	Feb. 14	MT
UBS Adjusts Molina Healthcare Price Target to $395 From $380, Maintains Neutral Rating	Feb. 09	MT

Chart Molina Healthcare, Inc.

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Company Profile

Molina Healthcare, Inc. specializes in the provision of health care services managed within the Medicaid and Medicare health insurance and coverage programs, and through the health insurance marketplace, financed by the States and the Federal Government of the United States. Revenues break down by activity as follows: - Health care services within the Medicaid program (80.9%): services for low-income individuals, families and people with disabilities; - health care services within the Medicare program (12.9%): services for the elderly and people with certain diseases, covered by the Medicare health insurance program; - operating a health insurance marketplace (6.2%; Marketplace): a platform for offering health insurance plans, and allowing members of the Medicaid program, whose rising incomes have taken them out of eligibility, to purchase federally subsidized health insurance policies. The group also offers virtual care services. At the end of 2023, Molina Healthcare, Inc. had approximately 5 million members broken down by program between Medicaid (4.5 million members), Medicare (0.2 million) and Marketplace (0.5 million). All revenues are earned in the United States.

Sector

Managed Healthcare

Calendar

2024-05-01 - Annual General Meeting

Related indices

S&P 500

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Analysis / Opinion

Molina Healthcare, Inc. : A small insurer with a big vision

June 02, 2023 at 10:35 am EDT

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Ratings for Molina Healthcare, Inc.

Trading Rating

Investor Rating

ESG Refinitiv

B-

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

342.2 USD

Average target price

413.2 USD

Spread / Average Target

+20.74%

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Other Managed Healthcare

Molina Healthcare, Inc.

Equities

MOH

US60855R1005

Managed Healthcare

Molina Healthcare Provides Update on the Virginia Cardinal Care Managed Care Contract

EPS Revisions