Johnson Financial Group Inc. Reduces Stock Holdings in Molina Healthcare, Inc. (NYSE:MOH)

Johnson Financial Group Inc. reduced its holdings in Molina Healthcare, Inc. (NYSE:MOH) by 22.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 850 shares of the company’s stock after selling 243 shares during the period. Johnson Financial Group Inc.’s holdings in Molina Healthcare were worth $264,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in MOH. Waldron Private Wealth LLC grew its holdings in shares of Molina Healthcare by 4.7% in the fourth quarter. Waldron Private Wealth LLC now owns 729 shares of the company’s stock valued at $212,000 after purchasing an additional 33 shares during the period. Angeles Investment Advisors LLC grew its holdings in shares of Molina Healthcare by 5.4% in the fourth quarter. Angeles Investment Advisors LLC now owns 838 shares of the company’s stock valued at $244,000 after purchasing an additional 43 shares during the period. Coldstream Capital Management Inc. grew its holdings in shares of Molina Healthcare by 2.1% in the fourth quarter. Coldstream Capital Management Inc. now owns 2,346 shares of the company’s stock valued at $683,000 after purchasing an additional 48 shares during the period. Lindbrook Capital LLC grew its holdings in shares of Molina Healthcare by 38.5% in the fourth quarter. Lindbrook Capital LLC now owns 205 shares of the company’s stock valued at $60,000 after purchasing an additional 57 shares during the period. Finally, Quadrant Capital Group LLC grew its holdings in shares of Molina Healthcare by 11.4% in the fourth quarter. Quadrant Capital Group LLC now owns 627 shares of the company’s stock valued at $182,000 after purchasing an additional 64 shares during the period. 98.50% of the stock is owned by hedge funds and other institutional investors.

Molina Healthcare Stock Up 0.3 %

Molina Healthcare stock opened at $314.69 on Monday. Molina Healthcare, Inc. has a twelve month low of $262.32 and a twelve month high of $365.23. The stock’s fifty day simple moving average is $319.39 and its 200-day simple moving average is $307.40. 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 firm has a market capitalization of $17.21 billion, a P/E ratio of 15.40, a P/E/G ratio of 1.06 and a beta of 0.70.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings data on Wednesday, April 23rd. The company reported $6.08 earnings per share for the quarter, topping analysts’ consensus estimates of $5.86 by $0.22. Molina Healthcare had a return on equity of 28.13% and a net margin of 2.90%. The business had revenue of $11.15 billion for the quarter, compared to analyst estimates of $10.86 billion. During the same quarter in the prior year, the company earned $5.73 earnings per share. As a group, equities analysts expect that Molina Healthcare, Inc. will post 24.4 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on MOH. Truist Financial upped their price objective on shares of Molina Healthcare from $340.00 to $400.00 and gave the company a “buy” rating in a report on Friday, April 11th. Baird R W lowered shares of Molina Healthcare from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 15th. UBS Group dropped their price target on shares of Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating for the company in a research report on Friday, February 7th. Robert W. Baird reissued a “neutral” rating and issued a $375.00 price target (up from $331.00) on shares of Molina Healthcare in a research note on Tuesday, April 15th. Finally, Sanford C. Bernstein assumed coverage on shares of Molina Healthcare in a research report on Tuesday, April 22nd. They set an “outperform” rating and a $414.00 price objective for the company. Nine equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $365.38.

Insider Transactions at Molina Healthcare

In related news, Director Steven J. Orlando sold 1,000 shares of the business’s stock in a transaction 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 owns 17,375 shares in the company, valued at approximately $5,235,608.75. The trade was a 5.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.10% of the company’s stock.

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.