Molina Healthcare, Inc. (NYSE:MOH) Position Raised by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. grew its position in shares of Molina Healthcare, Inc. (NYSE:MOH) by 10.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,301 shares of the company’s stock after acquiring an additional 301 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Molina Healthcare were worth $961,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Edgestream Partners L.P. acquired a new position in Molina Healthcare during the 4th quarter valued at about $4,163,000. E Fund Management Co. Ltd. raised its holdings in shares of Molina Healthcare by 109.5% during the fourth quarter. E Fund Management Co. Ltd. now owns 1,251 shares of the company’s stock valued at $364,000 after buying an additional 654 shares during the last quarter. Lindbrook Capital LLC raised its holdings in shares of Molina Healthcare by 38.5% during the fourth quarter. Lindbrook Capital LLC now owns 205 shares of the company’s stock valued at $60,000 after buying an additional 57 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Molina Healthcare during the fourth quarter worth approximately $10,725,000. Finally, Arizona State Retirement System grew its holdings in Molina Healthcare by 1.4% in the 4th quarter. Arizona State Retirement System now owns 17,020 shares of the company’s stock worth $4,954,000 after buying an additional 231 shares in the last quarter. Institutional investors own 98.50% of the company’s stock.

Insiders Place Their Bets

In other news, Director Steven J. Orlando sold 1,000 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $301.33, for a total value of $301,330.00. Following the completion of the sale, the director now owns 17,375 shares of the company’s stock, valued at $5,235,608.75. This trade represents a 5.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

MOH has been the subject of a number of analyst reports. Stephens reiterated an “equal weight” rating and set a $345.00 price target on shares of Molina Healthcare in a research report on Thursday, February 6th. Wells Fargo & Company raised shares of Molina Healthcare from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $295.00 to $372.00 in a report on Wednesday, March 5th. UBS Group lowered their target price 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. Truist Financial reduced 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 note on Wednesday, February 19th. Finally, StockNews.com lowered shares of Molina Healthcare from a “buy” rating to a “hold” rating in a research note on Monday, March 10th. One analyst has rated the stock with a sell rating, seven have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Molina Healthcare currently has a consensus rating of “Hold” and a consensus price target of $355.69.

Molina Healthcare Price Performance

Shares of NYSE:MOH opened at $316.70 on Tuesday. The company has a market capitalization of $17.58 billion, a PE ratio of 15.50, a price-to-earnings-growth ratio of 1.06 and a beta of 0.56. 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 fifty day moving average of $298.06 and a 200-day moving average of $310.37. 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 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 analysts anticipate that Molina Healthcare, Inc. will post 24.4 EPS for the current fiscal 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.