Fifth Third Bancorp Has $2.09 Million Stock Position in Molina Healthcare, Inc $MOH

Fifth Third Bancorp lifted its holdings in Molina Healthcare, Inc (NYSE:MOH) by 245.3% in the 1st quarter, Holdings Channel reports. The firm owned 15,706 shares of the company’s stock after buying an additional 11,158 shares during the quarter. Fifth Third Bancorp’s holdings in Molina Healthcare were worth $2,094,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. ARGA Investment Management LP increased its position in Molina Healthcare by 1.4% during the first quarter. ARGA Investment Management LP now owns 4,166 shares of the company’s stock worth $555,000 after buying an additional 59 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Molina Healthcare by 23.8% in the fourth quarter. Blue Trust Inc. now owns 322 shares of the company’s stock worth $56,000 after buying an additional 62 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its position in shares of Molina Healthcare by 64.5% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 232 shares of the company’s stock worth $40,000 after buying an additional 91 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Molina Healthcare by 0.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,668 shares of the company’s stock worth $2,616,000 after acquiring an additional 92 shares in the last quarter. Finally, Public Employees Retirement System of Ohio boosted its stake in shares of Molina Healthcare by 0.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 16,753 shares of the company’s stock worth $3,206,000 after acquiring an additional 104 shares in the last quarter. 98.50% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Molina Healthcare news, insider Jeff D. Barlow sold 17,811 shares of Molina Healthcare stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $186.12, for a total value of $3,314,983.32. Following the transaction, the insider directly owned 67,175 shares of the company’s stock, valued at $12,502,611. The trade was a 20.96% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Maurice Hebert sold 600 shares of Molina Healthcare stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $191.55, for a total value of $114,930.00. Following the completion of the transaction, the chief accounting officer directly owned 12,815 shares in the company, valued at approximately $2,454,713.25. This represents a 4.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 1.44% of the company’s stock.

Analysts Set New Price Targets

MOH has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $129.00 price objective on shares of Molina Healthcare in a research note on Friday, April 24th. Mizuho set a $215.00 target price on Molina Healthcare in a research report on Monday, June 8th. Bank of America upgraded Molina Healthcare from an “underperform” rating to a “buy” rating and set a $250.00 price target on the stock in a report on Wednesday, April 29th. UBS Group lifted their price target on shares of Molina Healthcare from $180.00 to $202.00 and gave the company a “neutral” rating in a research report on Friday, May 22nd. Finally, Wall Street Zen upgraded shares of Molina Healthcare from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Three analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $207.06.

Molina Healthcare Trading Down 1.3%

Shares of NYSE:MOH opened at $226.74 on Wednesday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.63 and a current ratio of 1.63. The stock’s 50-day moving average is $205.04 and its 200-day moving average is $176.37. The company has a market cap of $11.81 billion, a P/E ratio of 67.08 and a beta of 0.74. Molina Healthcare, Inc has a 52-week low of $121.06 and a 52-week high of $244.89.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings data on Wednesday, April 22nd. The company reported $2.35 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.78. Molina Healthcare had a return on equity of 8.76% and a net margin of 0.42%.The business had revenue of $10.80 billion during the quarter, compared to analysts’ expectations of $10.91 billion. During the same quarter in the previous year, the firm earned $6.08 EPS. The firm’s revenue was down 3.1% compared to the same quarter last year. Equities research analysts predict that Molina Healthcare, Inc will post 5.23 earnings per share for the current year.

About Molina Healthcare

Molina Healthcare, Inc is a managed care company specializing in government-sponsored health insurance programs. The company offers Medicaid managed care plans, Medicare Advantage and prescription drug plans, and individual Marketplace plans under the Affordable Care Act. Through an integrated care model, Molina emphasizes preventive and primary care services, care coordination, and disease management to improve health outcomes for its members.

The company traces its roots to the early 1980s, when Dr.