Molina Healthcare, Inc. (NYSE:MOH) Shares Sold by Truist Financial Corp

Truist Financial Corp lowered its stake in shares of Molina Healthcare, Inc. (NYSE:MOH) by 48.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,380 shares of the company’s stock after selling 4,114 shares during the period. Truist Financial Corp’s holdings in Molina Healthcare were worth $1,275,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. NFJ Investment Group LLC purchased a new position in Molina Healthcare in the 3rd quarter valued at about $7,432,000. KBC Group NV lifted its stake in shares of Molina Healthcare by 14.6% during the fourth quarter. KBC Group NV now owns 125,486 shares of the company’s stock valued at $36,522,000 after buying an additional 15,993 shares during the period. Integrated Investment Consultants LLC acquired a new stake in Molina Healthcare during the third quarter worth approximately $4,716,000. Citigroup Inc. grew its stake in Molina Healthcare by 18.8% in the 3rd quarter. Citigroup Inc. now owns 84,770 shares of the company’s stock worth $29,208,000 after acquiring an additional 13,387 shares during the period. Finally, State Street Corp raised its holdings in Molina Healthcare by 0.5% in the 3rd quarter. State Street Corp now owns 2,614,311 shares of the company’s stock valued at $900,787,000 after acquiring an additional 13,001 shares during the last quarter. Hedge funds and other institutional investors own 98.50% of the company’s stock.

Wall Street Analysts Forecast Growth

MOH has been the subject of a number of recent analyst reports. UBS Group lowered their price objective on Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating for the company in a research report on Friday, February 7th. Wells Fargo & Company lifted their price target on Molina Healthcare from $360.00 to $362.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. Barclays cut their price objective on shares of Molina Healthcare from $372.00 to $339.00 and set an “equal weight” rating on the stock in a report on Friday, February 7th. Truist Financial dropped their price target on shares of Molina Healthcare from $370.00 to $340.00 and set a “buy” rating for the company in a research report on Wednesday, February 19th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $350.00 price target (down previously from $378.00) on shares of Molina Healthcare in a report on Tuesday, December 17th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $353.17.

Molina Healthcare Price Performance

MOH stock opened at $301.45 on Friday. The stock has a 50-day moving average price of $293.12 and a two-hundred day moving average price of $313.19. Molina Healthcare, Inc. has a 12-month low of $262.32 and a 12-month high of $423.92. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.69. The company has a market cap of $16.73 billion, a PE ratio of 14.76, a price-to-earnings-growth ratio of 1.06 and a beta of 0.54.

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