Principal Financial Group Inc. Cuts Position in Molina Healthcare, Inc. (NYSE:MOH)

Principal Financial Group Inc. reduced its position in shares of Molina Healthcare, Inc. (NYSE:MOH) by 5.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 70,229 shares of the company’s stock after selling 3,931 shares during the period. Principal Financial Group Inc.’s holdings in Molina Healthcare were worth $20,440,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. State of New Jersey Common Pension Fund D increased its stake in Molina Healthcare by 1.4% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 21,551 shares of the company’s stock worth $6,272,000 after buying an additional 307 shares during the period. Valeo Financial Advisors LLC acquired a new position in shares of Molina Healthcare in the fourth quarter worth $344,000. Summit Trail Advisors LLC purchased a new stake in shares of Molina Healthcare during the fourth quarter worth $452,000. Wingate Wealth Advisors Inc. purchased a new stake in shares of Molina Healthcare during the fourth quarter worth $52,000. Finally, Savant Capital LLC acquired a new stake in shares of Molina Healthcare in the fourth quarter valued at $225,000. 98.50% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently commented on MOH shares. Truist Financial lowered their target price on Molina Healthcare from $370.00 to $340.00 and set a “buy” rating for the company in a research note on Wednesday, February 19th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $350.00 price objective (down from $378.00) on shares of Molina Healthcare in a research report on Tuesday, December 17th. StockNews.com cut shares of Molina Healthcare from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 8th. UBS Group dropped their price objective on shares of Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating on the stock in a research report on Friday, February 7th. Finally, Stephens reaffirmed an “equal weight” rating and set a $345.00 price objective on shares of Molina Healthcare in a research report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Molina Healthcare has a consensus rating of “Hold” and a consensus price target of $353.17.

Molina Healthcare Stock Performance

Shares of MOH stock opened at $287.59 on Tuesday. The stock’s 50-day moving average is $293.05 and its two-hundred day moving average is $313.75. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.62 and a current ratio of 1.62. Molina Healthcare, Inc. has a 1 year low of $262.32 and a 1 year high of $423.92. The firm has a market cap of $15.96 billion, a price-to-earnings ratio of 14.08, a PEG ratio of 1.06 and a beta of 0.54.

Molina Healthcare (NYSE:MOH) last announced its earnings results on Wednesday, February 5th. The company reported $5.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.74 by ($0.69). Molina Healthcare had a net margin of 2.90% and a return on equity of 28.13%. Analysts predict that Molina Healthcare, Inc. will post 24.4 earnings per share for the current year.

Molina Healthcare Company Profile

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.