1,707 Shares in Molina Healthcare, Inc. (NYSE:MOH) Bought by Allstate Corp

Allstate Corp purchased a new stake in shares of Molina Healthcare, Inc. (NYSE:MOH) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,707 shares of the company’s stock, valued at approximately $497,000.

Several other hedge funds have also recently added to or reduced their stakes in MOH. Public Sector Pension Investment Board raised its holdings in shares of Molina Healthcare by 13.5% during the 3rd quarter. Public Sector Pension Investment Board now owns 2,527 shares of the company’s stock valued at $871,000 after buying an additional 300 shares in the last quarter. Tributary Capital Management LLC raised its stake in shares of Molina Healthcare by 76.1% during the fourth quarter. Tributary Capital Management LLC now owns 4,190 shares of the company’s stock worth $1,219,000 after acquiring an additional 1,811 shares in the last quarter. Everence Capital Management Inc. bought a new stake in shares of Molina Healthcare in the 4th quarter worth approximately $544,000. Smartleaf Asset Management LLC boosted its stake in shares of Molina Healthcare by 123.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 347 shares of the company’s stock valued at $100,000 after purchasing an additional 192 shares in the last quarter. Finally, SYM FINANCIAL Corp purchased a new stake in shares of Molina Healthcare in the 4th quarter valued at $249,000. Institutional investors own 98.50% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on MOH. StockNews.com raised shares of Molina Healthcare from a “hold” rating to a “buy” rating in a research note on Wednesday, March 26th. Wells Fargo & Company upgraded Molina Healthcare from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $295.00 to $372.00 in a report on Wednesday, March 5th. Stephens restated an “equal weight” rating and set a $345.00 target price on shares of Molina Healthcare in a report on Thursday, February 6th. Mizuho reduced their price target on Molina Healthcare from $382.00 to $376.00 and set an “outperform” rating on the stock in a research report on Monday, March 3rd. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $350.00 price objective (down previously from $378.00) on shares of Molina Healthcare in a research report on Tuesday, December 17th. Six equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $348.75.

Insiders Place Their Bets

In other news, Director Steven J. Orlando sold 1,000 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $301.33, for a total value of $301,330.00. Following the completion of the transaction, the director now owns 17,375 shares of the company’s stock, valued at approximately $5,235,608.75. This represents a 5.44 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.10% of the stock is currently owned by company insiders.

Molina Healthcare Stock Performance

Shares of MOH stock opened at $327.06 on Wednesday. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.69. The stock has a fifty day moving average of $303.84 and a 200 day moving average of $308.59. The firm has a market capitalization of $17.89 billion, a price-to-earnings ratio of 16.01, a PEG ratio of 1.06 and a beta of 0.56. Molina Healthcare, Inc. has a 52 week low of $262.32 and a 52 week high of $395.00.

Molina Healthcare (NYSE:MOH) last posted its earnings results on Wednesday, February 5th. The company reported $5.05 EPS for the quarter, missing the consensus estimate of $5.74 by ($0.69). Molina Healthcare had a return on equity of 28.13% and a net margin of 2.90%. As a group, research analysts expect 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.