Signet Financial Management LLC Has $1.98 Million Stock Position in Molina Healthcare, Inc. (NYSE:MOH)

Signet Financial Management LLC grew its position in Molina Healthcare, Inc. (NYSE:MOH) by 12.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,002 shares of the company’s stock after buying an additional 645 shares during the quarter. Signet Financial Management LLC’s holdings in Molina Healthcare were worth $1,977,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Rothschild Investment LLC boosted its holdings in shares of Molina Healthcare by 126.3% in the first quarter. Rothschild Investment LLC now owns 86 shares of the company’s stock worth $28,000 after buying an additional 48 shares during the period. Colonial Trust Co SC boosted its holdings in shares of Molina Healthcare by 930.0% during the fourth quarter. Colonial Trust Co SC now owns 103 shares of the company’s stock worth $30,000 after purchasing an additional 93 shares during the period. Wingate Wealth Advisors Inc. acquired a new stake in shares of Molina Healthcare during the fourth quarter worth approximately $52,000. Hurley Capital LLC acquired a new stake in shares of Molina Healthcare during the fourth quarter worth approximately $55,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Molina Healthcare by 81.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 196 shares of the company’s stock worth $57,000 after purchasing an additional 88 shares during the period. 98.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Richard M. Schapiro sold 669 shares of Molina Healthcare stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $320.50, for a total value of $214,414.50. Following the transaction, the director now owns 11,244 shares of the company’s stock, valued at $3,603,702. This trade represents a 5.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Joseph M. Zubretsky sold 87,500 shares of Molina Healthcare stock in a transaction that occurred on Wednesday, April 30th. The shares were sold at an average price of $320.06, for a total transaction of $28,005,250.00. Following the completion of the transaction, the chief executive officer now directly owns 257,715 shares in the company, valued at approximately $82,484,262.90. This represents a 25.35% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

MOH has been the subject of several research reports. Morgan Stanley initiated coverage on shares of Molina Healthcare in a report on Monday. They set an “overweight” rating and a $364.00 price target for the company. Barclays decreased their price target on shares of Molina Healthcare from $351.00 to $347.00 and set an “equal weight” rating for the company in a report on Monday. Sanford C. Bernstein initiated coverage on shares of Molina Healthcare in a report on Tuesday, April 22nd. They set an “outperform” rating and a $414.00 price target for the company. Truist Financial raised their price target on shares of Molina Healthcare from $340.00 to $400.00 and gave the stock a “buy” rating in a report on Friday, April 11th. Finally, Wall Street Zen upgraded shares of Molina Healthcare from a “hold” rating to a “buy” rating in a report on Friday, April 11th. Nine investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $364.21.

Molina Healthcare Price Performance

NYSE MOH opened at $296.87 on Tuesday. 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 market capitalization of $16.09 billion, a PE ratio of 14.53, a price-to-earnings-growth ratio of 1.06 and a beta of 0.56. The company has a 50 day moving average price of $319.91 and a two-hundred day moving average price of $307.40. Molina Healthcare, Inc. has a 12-month low of $262.32 and a 12-month high of $365.23.

Molina Healthcare (NYSE:MOH) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $6.08 EPS for the quarter, beating analysts’ consensus estimates of $5.96 by $0.12. Molina Healthcare had a net margin of 2.90% and a return on equity of 28.13%. The company had revenue of $11.15 billion for the quarter, compared to analyst estimates of $10.86 billion. During the same quarter last year, the firm posted $5.73 earnings per share. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. As a group, equities analysts predict that Molina Healthcare, Inc. will post 24.4 earnings per share for the current fiscal year.

About Molina Healthcare

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.