New York Life Investment Management LLC Reduces Stock Holdings in Molina Healthcare, Inc. (NYSE:MOH)

New York Life Investment Management LLC cut its position in shares of Molina Healthcare, Inc. (NYSE:MOHFree Report) by 0.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,434 shares of the company’s stock after selling 61 shares during the period. New York Life Investment Management LLC’s holdings in Molina Healthcare were worth $3,047,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Wellington Management Group LLP raised its position in shares of Molina Healthcare by 8.3% during the 3rd quarter. Wellington Management Group LLP now owns 3,395,040 shares of the company’s stock valued at $1,113,200,000 after buying an additional 259,474 shares during the period. California Public Employees Retirement System boosted its stake in Molina Healthcare by 53.0% during the third quarter. California Public Employees Retirement System now owns 331,652 shares of the company’s stock worth $108,745,000 after buying an additional 114,890 shares during the period. Invesco Ltd. raised its stake in shares of Molina Healthcare by 10.4% in the 3rd quarter. Invesco Ltd. now owns 1,190,161 shares of the company’s stock valued at $390,242,000 after acquiring an additional 112,243 shares during the period. Lord Abbett & CO. LLC lifted its holdings in shares of Molina Healthcare by 28.5% in the 3rd quarter. Lord Abbett & CO. LLC now owns 470,386 shares of the company’s stock worth $154,234,000 after acquiring an additional 104,350 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its position in shares of Molina Healthcare by 4,019.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 103,185 shares of the company’s stock worth $37,282,000 after purchasing an additional 100,680 shares during the period. 98.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on MOH shares. Truist Financial upped their price target on Molina Healthcare from $435.00 to $460.00 and gave the stock a “buy” rating in a research note on Tuesday, February 20th. Stephens restated an “equal weight” rating and set a $390.00 target price on shares of Molina Healthcare in a report on Thursday, April 25th. Bank of America lowered shares of Molina Healthcare from a “neutral” rating to an “underperform” rating and set a $439.00 price target on the stock. in a research note on Thursday, March 28th. Barclays dropped their price objective on shares of Molina Healthcare from $437.00 to $430.00 and set an “equal weight” rating for the company in a report on Thursday, April 25th. Finally, TD Cowen reduced their target price on shares of Molina Healthcare from $453.00 to $412.00 and set a “buy” rating on the stock in a report on Tuesday, April 30th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $398.55.

View Our Latest Research Report on MOH

Insider Activity at Molina Healthcare

In other Molina Healthcare news, Director Richard M. Schapiro sold 711 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $384.06, for a total transaction of $273,066.66. Following the sale, the director now owns 12,207 shares of the company’s stock, valued at $4,688,220.42. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Molina Healthcare news, Director Richard M. Schapiro sold 711 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $384.06, for a total value of $273,066.66. Following the completion of the transaction, the director now owns 12,207 shares in the company, valued at $4,688,220.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard M. Schapiro sold 1,000 shares of Molina Healthcare stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $401.05, for a total value of $401,050.00. Following the sale, the director now owns 11,207 shares in the company, valued at approximately $4,494,567.35. The disclosure for this sale can be found here. Insiders sold 16,711 shares of company stock valued at $6,472,517 over the last three months. 1.10% of the stock is owned by corporate insiders.

Molina Healthcare Price Performance

Shares of MOH opened at $339.68 on Friday. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.53. The firm’s fifty day simple moving average is $384.15 and its 200-day simple moving average is $371.84. The firm has a market capitalization of $19.91 billion, a price-to-earnings ratio of 18.43, a PEG ratio of 1.04 and a beta of 0.54. Molina Healthcare, Inc. has a twelve month low of $266.35 and a twelve month high of $423.92.

Molina Healthcare (NYSE:MOHGet Free Report) last announced its quarterly earnings results on Wednesday, April 24th. The company reported $5.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.46 by $0.27. Molina Healthcare had a return on equity of 29.86% and a net margin of 2.99%. The company had revenue of $9.93 billion during the quarter, compared to the consensus estimate of $9.45 billion. During the same period in the previous year, the business earned $5.81 EPS. Molina Healthcare’s revenue for the quarter was up 21.9% on a year-over-year basis. Equities analysts forecast that Molina Healthcare, Inc. will post 23.59 EPS for the current fiscal year.

Molina Healthcare Profile

(Free Report)

Molina Healthcare, Inc provides managed healthcare services to low-income families and individuals under the Medicaid and Medicare programs and through the state insurance marketplaces. It operates in four segments: Medicaid, Medicare, Marketplace, and Other. The company served in across 19 states. The company was founded in 1980 and is headquartered in Long Beach, California.

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Institutional Ownership by Quarter for Molina Healthcare (NYSE:MOH)

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