Securian Asset Management Inc. Cuts Stock Holdings in Molina Healthcare, Inc. (NYSE:MOH)

Securian Asset Management Inc. decreased its holdings in shares of Molina Healthcare, Inc. (NYSE:MOH) by 6.2% during the fourth quarter, HoldingsChannel reports. The firm owned 3,032 shares of the company’s stock after selling 200 shares during the period. Securian Asset Management Inc.’s holdings in Molina Healthcare were worth $882,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in MOH. Los Angeles Capital Management LLC increased its position in Molina Healthcare by 166.1% during the 4th quarter. Los Angeles Capital Management LLC now owns 196,513 shares of the company’s stock valued at $57,195,000 after purchasing an additional 122,674 shares during the period. Proficio Capital Partners LLC purchased a new position in shares of Molina Healthcare in the 4th quarter worth approximately $26,091,000. Victory Capital Management Inc. grew its position in shares of Molina Healthcare by 48.9% in the 4th quarter. Victory Capital Management Inc. now owns 141,184 shares of the company’s stock worth $41,092,000 after buying an additional 46,350 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Molina Healthcare in the 4th quarter worth approximately $10,725,000. Finally, NFJ Investment Group LLC purchased a new position in shares of Molina Healthcare in the 3rd quarter worth approximately $7,432,000. Hedge funds and other institutional investors own 98.50% of the company’s stock.

Molina Healthcare Stock Performance

Shares of NYSE MOH opened at $308.51 on Friday. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.69. Molina Healthcare, Inc. has a 12 month low of $262.32 and a 12 month high of $423.92. The company has a 50 day simple moving average of $298.06 and a two-hundred day simple moving average of $310.66. The stock has a market cap of $17.12 billion, a price-to-earnings ratio of 15.10, a PEG ratio of 1.06 and a beta of 0.56.

Molina Healthcare (NYSE:MOH) last posted its earnings results on Wednesday, February 5th. The company reported $5.05 earnings per share 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, analysts predict that Molina Healthcare, Inc. will post 24.4 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Wells Fargo & Company raised shares of Molina Healthcare from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $295.00 to $372.00 in a research report on Wednesday, March 5th. Truist Financial cut their price objective on shares of Molina Healthcare from $370.00 to $340.00 and set a “buy” rating on the stock in a research report on Wednesday, February 19th. Stephens reaffirmed an “equal weight” rating and issued a $345.00 price objective on shares of Molina Healthcare in a research report on Thursday, February 6th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $350.00 target price (down from $378.00) on shares of Molina Healthcare in a research note on Tuesday, December 17th. Finally, StockNews.com cut shares of Molina Healthcare from a “buy” rating to a “hold” rating in a research note on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Molina Healthcare presently has an average rating of “Hold” and a consensus target price of $355.69.

Insider Activity

In other news, Director Steven J. Orlando sold 1,000 shares of Molina Healthcare stock in a transaction that occurred on 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 transaction, the director now directly owns 17,375 shares of the company’s stock, valued at $5,235,608.75. The trade was a 5.44 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.11% of the company’s stock.

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.