Molina Healthcare, Inc. (NYSE:MOH) Shares Bought by Nissay Asset Management Corp Japan ADV

Nissay Asset Management Corp Japan ADV lifted its holdings in Molina Healthcare, Inc. (NYSE:MOH) by 1.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,285 shares of the company’s stock after acquiring an additional 79 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in Molina Healthcare were worth $2,129,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Wellington Management Group LLP increased its position in shares of Molina Healthcare by 7.4% in the fourth quarter. Wellington Management Group LLP now owns 2,632,232 shares of the company’s stock worth $766,111,000 after acquiring an additional 181,073 shares in the last quarter. FMR LLC grew its holdings in Molina Healthcare by 31.1% during the 4th quarter. FMR LLC now owns 1,801,113 shares of the company’s stock valued at $524,214,000 after purchasing an additional 427,276 shares in the last quarter. Geode Capital Management LLC increased its stake in Molina Healthcare by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 1,436,909 shares of the company’s stock worth $417,144,000 after buying an additional 34,992 shares during the period. Invesco Ltd. increased its stake in Molina Healthcare by 28.5% during the 4th quarter. Invesco Ltd. now owns 1,327,021 shares of the company’s stock worth $386,229,000 after buying an additional 294,180 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in Molina Healthcare by 15.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 688,245 shares of the company’s stock worth $200,307,000 after buying an additional 91,229 shares during the period. Institutional investors and hedge funds own 98.50% of the company’s stock.

Analysts Set New Price Targets

MOH has been the topic of several analyst reports. Wells Fargo & Company raised shares of Molina Healthcare from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $295.00 to $372.00 in a research note on Wednesday, March 5th. UBS Group dropped their price target on shares of Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating on the stock in a research note on Friday, February 7th. Mizuho lifted their price target on shares of Molina Healthcare from $376.00 to $400.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 9th. Robert W. Baird reaffirmed a “neutral” rating and set a $375.00 price target (up previously from $331.00) on shares of Molina Healthcare in a research note on Tuesday, April 15th. Finally, Guggenheim initiated coverage on shares of Molina Healthcare in a research note on Wednesday, April 9th. They set a “neutral” rating on the stock. Nine investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Molina Healthcare currently has an average rating of “Hold” and an average target price of $365.38.

Insider Activity

In other news, CEO Joseph M. Zubretsky sold 87,500 shares of Molina Healthcare stock in a transaction dated Wednesday, April 30th. The shares were sold at an average price of $320.06, for a total value of $28,005,250.00. Following the completion of the transaction, the chief executive officer now directly owns 257,715 shares of the company’s stock, valued at approximately $82,484,262.90. The trade was a 25.35% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Steven J. Orlando sold 1,000 shares of Molina Healthcare stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $301.33, for a total transaction of $301,330.00. Following the completion of the sale, the director now owns 17,375 shares in the company, valued at approximately $5,235,608.75. This represents a 5.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 89,169 shares of company stock valued at $28,520,995. Company insiders own 1.10% of the company’s stock.

Molina Healthcare Trading Up 3.5%

NYSE MOH opened at $325.02 on Friday. Molina Healthcare, Inc. has a one year low of $262.32 and a one year high of $365.23. The company has a 50-day simple moving average of $324.07 and a 200-day simple moving average of $308.32. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.62 and a current ratio of 1.62. The firm has a market capitalization of $17.62 billion, a PE ratio of 15.91, a price-to-earnings-growth ratio of 1.06 and a beta of 0.63.

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

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.