Sumitomo Mitsui Trust Group Inc. Has $28.86 Million Position in Molina Healthcare, Inc $MOH

Sumitomo Mitsui Trust Group Inc. lessened its position in Molina Healthcare, Inc (NYSE:MOH) by 3.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 150,788 shares of the company’s stock after selling 6,181 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.28% of Molina Healthcare worth $28,855,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of MOH. First Horizon Advisors Inc. lifted its stake in Molina Healthcare by 2,140.0% in the 2nd quarter. First Horizon Advisors Inc. now owns 112 shares of the company’s stock valued at $33,000 after purchasing an additional 107 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new position in Molina Healthcare during the second quarter worth approximately $45,000. SJS Investment Consulting Inc. raised its stake in Molina Healthcare by 6,225.0% in the third quarter. SJS Investment Consulting Inc. now owns 253 shares of the company’s stock valued at $48,000 after buying an additional 249 shares during the period. MUFG Securities EMEA plc acquired a new stake in shares of Molina Healthcare in the second quarter valued at approximately $48,000. Finally, Zions Bancorporation National Association UT lifted its position in shares of Molina Healthcare by 121.8% in the second quarter. Zions Bancorporation National Association UT now owns 193 shares of the company’s stock valued at $57,000 after buying an additional 106 shares during the last quarter. 98.50% of the stock is currently owned by institutional investors and hedge funds.

Molina Healthcare Stock Down 1.2%

MOH stock opened at $191.42 on Friday. Molina Healthcare, Inc has a fifty-two week low of $133.40 and a fifty-two week high of $359.97. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.68 and a quick ratio of 1.68. The stock has a market capitalization of $10.37 billion, a price-to-earnings ratio of 11.85 and a beta of 0.49. The business’s fifty day moving average price is $160.57 and its two-hundred day moving average price is $175.23.

Molina Healthcare (NYSE:MOH) last announced its earnings results on Wednesday, October 22nd. The company reported $1.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.97 by ($2.13). Molina Healthcare had a net margin of 1.98% and a return on equity of 22.95%. The business had revenue of $11.48 billion during the quarter, compared to the consensus estimate of $10.99 billion. During the same period in the previous year, the firm posted $6.01 EPS. The company’s revenue was up 11.0% compared to the same quarter last year. Molina Healthcare has set its FY 2025 guidance at 14.000-14.000 EPS. On average, equities analysts anticipate that Molina Healthcare, Inc will post 24.4 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on MOH shares. Barclays boosted their target price on Molina Healthcare from $144.00 to $164.00 and gave the stock an “underweight” rating in a report on Monday, January 5th. Truist Financial set a $175.00 price objective on shares of Molina Healthcare in a research report on Friday, October 24th. Deutsche Bank Aktiengesellschaft set a $165.00 price objective on shares of Molina Healthcare in a research report on Friday, October 24th. Jefferies Financial Group set a $160.00 target price on shares of Molina Healthcare in a research note on Tuesday, December 16th. Finally, Cantor Fitzgerald decreased their price target on shares of Molina Healthcare from $210.00 to $180.00 and set a “neutral” rating on the stock in a research note on Friday, October 24th. Three investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $193.47.

Insider Transactions at Molina Healthcare

In other Molina Healthcare news, Director Richard M. Schapiro sold 357 shares of the stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $143.02, for a total transaction of $51,058.14. Following the transaction, the director owned 11,352 shares in the company, valued at $1,623,563.04. This represents a 3.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.10% of the stock is owned by corporate insiders.

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.