Mirae Asset Global Investments Co. Ltd. Sells 1,085 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Mirae Asset Global Investments Co. Ltd. trimmed its position in shares of Molina Healthcare, Inc. (NYSE:MOH) by 8.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,204 shares of the company’s stock after selling 1,085 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Molina Healthcare were worth $4,048,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Deutsche Bank AG boosted its holdings in Molina Healthcare by 1.5% during the 3rd quarter. Deutsche Bank AG now owns 258,441 shares of the company’s stock valued at $84,740,000 after acquiring an additional 3,754 shares during the period. Invesco Ltd. grew its holdings in shares of Molina Healthcare by 10.4% in the third quarter. Invesco Ltd. now owns 1,190,161 shares of the company’s stock worth $390,242,000 after purchasing an additional 112,243 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Molina Healthcare by 4,019.2% in the fourth 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 last quarter. DNB Asset Management AS increased its stake in Molina Healthcare by 20.7% in the 4th quarter. DNB Asset Management AS now owns 42,852 shares of the company’s stock worth $15,483,000 after buying an additional 7,346 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in Molina Healthcare by 0.5% during the 3rd quarter. Principal Financial Group Inc. now owns 74,056 shares of the company’s stock valued at $24,282,000 after buying an additional 376 shares in the last quarter. Institutional investors own 98.50% of the company’s stock.

Analyst Ratings Changes

MOH has been the topic of a number of research reports. UBS Group raised their target price on shares of Molina Healthcare from $350.00 to $380.00 and gave the stock a “neutral” rating in a research report on Thursday, December 21st. StockNews.com cut Molina Healthcare from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 8th. Cantor Fitzgerald restated an “overweight” rating and set a $406.00 price target on shares of Molina Healthcare in a research note on Thursday, April 4th. Truist Financial lifted their price objective on Molina Healthcare from $435.00 to $460.00 and gave the company a “buy” rating in a report on Tuesday, February 20th. Finally, Bank of America cut shares of Molina Healthcare from a “neutral” rating to an “underperform” rating and set a $439.00 target price on the stock. in a report on Thursday, March 28th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $393.09.

Molina Healthcare Stock Down 1.0 %

Shares of Molina Healthcare stock opened at $357.41 on Wednesday. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.57. The company has a market cap of $20.94 billion, a P/E ratio of 19.03, a PEG ratio of 1.06 and a beta of 0.47. The firm’s 50 day moving average price is $395.21 and its 200-day moving average price is $370.85. Molina Healthcare, Inc. has a 52-week low of $266.35 and a 52-week high of $423.92.

Molina Healthcare (NYSE:MOH) last announced its earnings results on Wednesday, February 7th. The company reported $4.38 earnings per share for the quarter, beating the consensus estimate of $4.31 by $0.07. The company had revenue of $9.05 billion during the quarter, compared to the consensus estimate of $8.35 billion. Molina Healthcare had a net margin of 3.20% and a return on equity of 32.34%. Molina Healthcare’s revenue was up 10.0% compared to the same quarter last year. During the same period last year, the firm earned $4.10 earnings per share. On average, sell-side analysts predict that Molina Healthcare, Inc. will post 23.62 EPS for the current fiscal year.

Insider Buying and Selling

In other Molina Healthcare news, Director Richard M. Schapiro sold 711 shares of the stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $384.06, for a total value of $273,066.66. Following the completion of the sale, the director now directly owns 12,207 shares in the company, valued at $4,688,220.42. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Molina Healthcare news, CFO Mark Lowell Keim sold 15,000 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $386.56, for a total value of $5,798,400.00. Following the completion of the transaction, the chief financial officer now owns 36,531 shares of the company’s stock, valued at $14,121,423.36. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Richard M. Schapiro sold 711 shares of the business’s stock in a transaction 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 directly owns 12,207 shares in the company, valued at $4,688,220.42. The disclosure for this sale can be found here. Insiders have sold a total of 16,711 shares of company stock worth $6,472,517 in the last ninety days. 1.11% of the stock is owned by insiders.

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.