Wellington Management Group LLP Has $766.11 Million Stock Holdings in Molina Healthcare, Inc. (NYSE:MOH)

Wellington Management Group LLP boosted its holdings in Molina Healthcare, Inc. (NYSE:MOH) by 7.4% in the fourth quarter, HoldingsChannel reports. The firm owned 2,632,232 shares of the company’s stock after purchasing an additional 181,073 shares during the period. Wellington Management Group LLP’s holdings in Molina Healthcare were worth $766,111,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Cerity Partners LLC raised its position in shares of Molina Healthcare by 73.2% during the third quarter. Cerity Partners LLC now owns 5,418 shares of the company’s stock worth $1,867,000 after purchasing an additional 2,290 shares during the period. Townsquare Capital LLC bought a new stake in shares of Molina Healthcare in the 3rd quarter worth $228,000. Public Sector Pension Investment Board raised its holdings in shares of Molina Healthcare by 13.5% in the third quarter. Public Sector Pension Investment Board now owns 2,527 shares of the company’s stock valued at $871,000 after purchasing an additional 300 shares during the last quarter. Verition Fund Management LLC lifted its position in shares of Molina Healthcare by 626.5% during the third quarter. Verition Fund Management LLC now owns 15,068 shares of the company’s stock valued at $5,192,000 after purchasing an additional 12,994 shares in the last quarter. Finally, True Wealth Design LLC grew its position in Molina Healthcare by 2,500.0% in the 3rd quarter. True Wealth Design LLC now owns 104 shares of the company’s stock worth $36,000 after purchasing an additional 100 shares in the last quarter. 98.50% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Steven J. Orlando sold 1,000 shares of Molina Healthcare stock in a transaction dated Monday, March 3rd. The stock was 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 of the company’s stock, valued at $5,235,608.75. The trade was a 5.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.10% of the company’s stock.

Molina Healthcare Price Performance

MOH opened at $329.44 on Tuesday. The business has a fifty day moving average of $303.84 and a 200 day moving average of $308.59. The stock has a market cap of $18.02 billion, a P/E ratio of 16.13, a PEG ratio of 1.06 and a beta of 0.56. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.69. Molina Healthcare, Inc. has a 52-week low of $262.32 and a 52-week high of $409.07.

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, sell-side analysts anticipate that Molina Healthcare, Inc. will post 24.4 EPS for the current year.

Analysts Set New Price Targets

MOH has been the subject of several research reports. Stephens restated an “equal weight” rating and set a $345.00 price target on shares of Molina Healthcare in a research report on Thursday, February 6th. Truist Financial reduced their price objective on Molina Healthcare from $370.00 to $340.00 and set a “buy” rating for the company in a report on Wednesday, February 19th. Wells Fargo & Company raised Molina Healthcare from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $295.00 to $372.00 in a research report on Wednesday, March 5th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $350.00 price target (down previously from $378.00) on shares of Molina Healthcare in a research report on Tuesday, December 17th. Finally, StockNews.com upgraded Molina Healthcare from a “hold” rating to a “buy” rating in a research note on Wednesday, March 26th. Six equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $348.75.

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.