Molina Healthcare, Inc. (NYSE:MOH) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lowered its position in Molina Healthcare, Inc. (NYSE:MOH) by 5.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 70,229 shares of the company’s stock after selling 3,931 shares during the period. Principal Financial Group Inc. owned about 0.12% of Molina Healthcare worth $20,440,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. True Wealth Design LLC increased its position in shares of Molina Healthcare by 2,500.0% in the third quarter. True Wealth Design LLC now owns 104 shares of the company’s stock valued at $36,000 after buying an additional 100 shares in the last quarter. Versant Capital Management Inc grew its stake in Molina Healthcare by 83.1% in the 4th quarter. Versant Capital Management Inc now owns 163 shares of the company’s stock valued at $47,000 after acquiring an additional 74 shares during the period. Wingate Wealth Advisors Inc. purchased a new stake in Molina Healthcare in the 4th quarter worth $52,000. Capital Performance Advisors LLP acquired a new position in Molina Healthcare during the third quarter worth $62,000. Finally, AM Squared Ltd grew its position in shares of Molina Healthcare by 50.0% in the third quarter. AM Squared Ltd now owns 300 shares of the company’s stock valued at $103,000 after purchasing an additional 100 shares during the period. 98.50% of the stock is owned by hedge funds and other institutional investors.

Molina Healthcare Trading Up 1.3 %

MOH opened at $287.59 on Tuesday. The business’s 50 day moving average price is $293.05 and its 200 day moving average price is $313.75. 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 stock has a market capitalization of $15.96 billion, a PE ratio of 14.08, a P/E/G ratio of 1.06 and a beta of 0.54. Molina Healthcare, Inc. has a one year low of $262.32 and a one year high of $423.92.

Molina Healthcare (NYSE:MOH) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $5.05 EPS for the quarter, missing the consensus estimate of $5.74 by ($0.69). Molina Healthcare had a net margin of 2.90% and a return on equity of 28.13%. As a group, equities research analysts expect that Molina Healthcare, Inc. will post 24.4 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on MOH. JPMorgan Chase & Co. restated a “neutral” rating and set a $350.00 price target (down previously from $378.00) on shares of Molina Healthcare in a research report on Tuesday, December 17th. Truist Financial decreased their target price on Molina Healthcare from $370.00 to $340.00 and set a “buy” rating on the stock in a research report on Wednesday, February 19th. UBS Group lowered their price target on Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating on the stock in a research note on Friday, February 7th. Stephens reissued an “equal weight” rating and issued a $345.00 price objective on shares of Molina Healthcare in a research note on Thursday, February 6th. Finally, Barclays lowered their price target on shares of Molina Healthcare from $372.00 to $339.00 and set an “equal weight” rating on the stock in a research report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Molina Healthcare currently has an average rating of “Hold” and an average target price of $353.17.

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.