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

Prudential Financial Inc. reduced its position in Molina Healthcare, Inc. (NYSE:MOH) by 14.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 29,807 shares of the company’s stock after selling 5,209 shares during the period. Prudential Financial Inc.’s holdings in Molina Healthcare were worth $8,675,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in MOH. Waldron Private Wealth LLC increased its holdings in Molina Healthcare by 4.7% in the 4th quarter. Waldron Private Wealth LLC now owns 729 shares of the company’s stock worth $212,000 after acquiring an additional 33 shares during the last quarter. Angeles Investment Advisors LLC increased its stake 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 worth $244,000 after purchasing an additional 43 shares in the last quarter. HighTower Advisors LLC raised its position in shares of Molina Healthcare by 2.1% in the third quarter. HighTower Advisors LLC now owns 2,627 shares of the company’s stock valued at $906,000 after purchasing an additional 55 shares during the period. Lindbrook Capital LLC lifted its stake in shares of Molina Healthcare by 38.5% during the 4th quarter. Lindbrook Capital LLC now owns 205 shares of the company’s stock valued at $60,000 after buying an additional 57 shares in the last quarter. Finally, Brooklyn Investment Group boosted its holdings in Molina Healthcare by 20.1% in the 4th quarter. Brooklyn Investment Group now owns 400 shares of the company’s stock worth $116,000 after buying an additional 67 shares during the period. 98.50% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Mizuho cut their price target on Molina Healthcare from $382.00 to $376.00 and set an “outperform” rating for the company in a report on Monday, March 3rd. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $350.00 price target (down from $378.00) on shares of Molina Healthcare in a research report on Tuesday, December 17th. Barclays cut their price objective on shares of Molina Healthcare from $372.00 to $339.00 and set an “equal weight” rating for the company in a research report on Friday, February 7th. Truist Financial lowered their target price on shares of Molina Healthcare from $370.00 to $340.00 and set a “buy” rating on the stock in a research note on Wednesday, February 19th. Finally, StockNews.com upgraded shares of Molina Healthcare from a “hold” rating to a “buy” rating in a research report on Wednesday. Six equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Molina Healthcare presently has an average rating of “Moderate Buy” and an average price target of $348.75.

Insider Buying and Selling

In other news, Director Steven J. Orlando sold 1,000 shares of the firm’s 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 transaction, the director now directly owns 17,375 shares of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which can be accessed through this hyperlink. 1.10% of the stock is owned by corporate insiders.

Molina Healthcare Price Performance

Shares of Molina Healthcare stock opened at $322.78 on Friday. The firm has a market capitalization of $17.66 billion, a PE ratio of 15.80, a price-to-earnings-growth ratio of 1.06 and a beta of 0.56. 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 $409.07. The business’s 50-day moving average price is $302.98 and its 200-day moving average price is $309.01.

Molina Healthcare (NYSE:MOH) last issued its quarterly earnings results 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 net margin of 2.90% and a return on equity of 28.13%. Sell-side analysts forecast 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.