State of Michigan Retirement System Lowers Position in Molina Healthcare, Inc. (NYSE:MOH)

State of Michigan Retirement System decreased its holdings in shares of Molina Healthcare, Inc. (NYSE:MOH) by 3.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,132 shares of the company’s stock after selling 600 shares during the quarter. State of Michigan Retirement System’s holdings in Molina Healthcare were worth $4,695,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Private Advisor Group LLC purchased a new position in Molina Healthcare in the 3rd quarter worth approximately $215,000. Farther Finance Advisors LLC lifted its holdings in shares of Molina Healthcare by 43.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 409 shares of the company’s stock worth $141,000 after acquiring an additional 123 shares during the last quarter. Janney Montgomery Scott LLC grew its position in Molina Healthcare by 3.0% in the third quarter. Janney Montgomery Scott LLC now owns 2,509 shares of the company’s stock worth $865,000 after acquiring an additional 72 shares in the last quarter. Van ECK Associates Corp increased its stake in Molina Healthcare by 10.1% in the third quarter. Van ECK Associates Corp now owns 13,074 shares of the company’s stock valued at $4,505,000 after acquiring an additional 1,201 shares during the last quarter. Finally, National Pension Service raised its position in Molina Healthcare by 3.7% during the third quarter. National Pension Service now owns 115,645 shares of the company’s stock valued at $39,847,000 after purchasing an additional 4,087 shares in the last quarter. 98.50% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Molina Healthcare

In other news, Director Steven J. Orlando sold 1,000 shares of the firm’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $301.33, for a total value of $301,330.00. Following the completion of the sale, the director now directly owns 17,375 shares of the company’s stock, valued at approximately $5,235,608.75. This trade represents a 5.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. StockNews.com cut Molina Healthcare from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 8th. UBS Group cut their target price on Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating for the company in a research note on Friday, February 7th. Wells Fargo & Company raised shares of Molina Healthcare from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $295.00 to $372.00 in a research note on Wednesday. Truist Financial cut their price objective on shares of Molina Healthcare from $370.00 to $340.00 and set a “buy” rating for the company in a research note on Wednesday, February 19th. Finally, Stephens reiterated an “equal weight” rating and issued a $345.00 target price on shares of Molina Healthcare in a research report on Thursday, February 6th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $355.69.

Molina Healthcare Stock Up 3.9 %

NYSE MOH opened at $323.96 on Friday. Molina Healthcare, Inc. has a 1 year low of $262.32 and a 1 year high of $423.92. The stock has a market capitalization of $17.98 billion, a PE ratio of 15.86, a PEG ratio of 1.06 and a beta of 0.54. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.62 and a quick ratio of 1.62. The business’s 50-day moving average is $293.99 and its 200 day moving average is $311.96.

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

Molina Healthcare 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.