Twin Capital Management Inc. Sells 34 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Twin Capital Management Inc. reduced its position in shares of Molina Healthcare, Inc. (NYSE:MOH) by 2.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,201 shares of the company’s stock after selling 34 shares during the quarter. Twin Capital Management Inc.’s holdings in Molina Healthcare were worth $434,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MOH. Vanguard Group Inc. boosted its position in shares of Molina Healthcare by 18.4% during the 1st quarter. Vanguard Group Inc. now owns 6,449,375 shares of the company’s stock valued at $2,151,448,000 after acquiring an additional 1,001,372 shares during the last quarter. Norges Bank bought a new position in shares of Molina Healthcare during the 4th quarter valued at approximately $214,801,000. Durable Capital Partners LP bought a new position in shares of Molina Healthcare during the 1st quarter valued at approximately $214,363,000. Invesco Ltd. boosted its position in shares of Molina Healthcare by 151.6% during the 1st quarter. Invesco Ltd. now owns 893,693 shares of the company’s stock valued at $298,128,000 after acquiring an additional 538,493 shares during the last quarter. Finally, State Street Corp boosted its position in shares of Molina Healthcare by 25.6% during the 1st quarter. State Street Corp now owns 2,457,008 shares of the company’s stock valued at $819,633,000 after acquiring an additional 501,107 shares during the last quarter. 98.50% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on MOH. Wells Fargo & Company lowered their target price on Molina Healthcare from $440.00 to $410.00 and set an “equal weight” rating for the company in a research report on Monday, April 15th. Cantor Fitzgerald restated an “overweight” rating and issued a $406.00 price target on shares of Molina Healthcare in a research report on Thursday, April 4th. Bank of America downgraded Molina Healthcare from a “neutral” rating to an “underperform” rating and set a $439.00 price target for the company. in a research report on Thursday, March 28th. Barclays started coverage on Molina Healthcare in a research report on Wednesday, March 6th. They issued an “equal weight” rating and a $437.00 price target for the company. Finally, Truist Financial raised their price target on Molina Healthcare from $435.00 to $460.00 and gave the stock a “buy” rating in a research report on Tuesday, February 20th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $393.09.

Molina Healthcare Stock Performance

MOH stock opened at $367.52 on Friday. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.57. The business’s fifty day simple moving average is $394.33 and its two-hundred day simple moving average is $370.95. Molina Healthcare, Inc. has a twelve month low of $266.35 and a twelve month high of $423.92. The firm has a market cap of $21.53 billion, a price-to-earnings ratio of 19.57, a PEG ratio of 1.01 and a beta of 0.47.

Molina Healthcare (NYSE:MOH) last released its earnings results on Wednesday, February 7th. The company reported $4.38 earnings per share for the quarter, topping analysts’ consensus estimates of $4.31 by $0.07. Molina Healthcare had a return on equity of 32.34% and a net margin of 3.20%. The business had revenue of $9.05 billion for the quarter, compared to analyst estimates of $8.35 billion. During the same quarter last year, the firm posted $4.10 earnings per share. The business’s revenue was up 10.0% compared to the same quarter last year. Analysts predict that Molina Healthcare, Inc. will post 23.62 earnings per share for the current year.

Insiders Place Their Bets

In other Molina Healthcare news, Director Richard M. Schapiro sold 1,000 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $401.05, for a total value of $401,050.00. Following the sale, the director now owns 11,207 shares in the company, valued at $4,494,567.35. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, Director Richard M. Schapiro sold 711 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $384.06, for a total transaction of $273,066.66. Following the transaction, the director now owns 12,207 shares in the company, valued at $4,688,220.42. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Richard M. Schapiro sold 1,000 shares of the firm’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $401.05, for a total value of $401,050.00. Following the transaction, the director now owns 11,207 shares in the company, valued at approximately $4,494,567.35. The disclosure for this sale can be found here. Insiders have sold a total of 16,711 shares of company stock worth $6,472,517 over the last quarter. Company insiders own 1.10% of the company’s stock.

Molina Healthcare Company 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.