Great West Life Assurance Co. Can raised its holdings in Molina Healthcare, Inc. (NYSE:MOH) by 12.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 45,312 shares of the company’s stock after acquiring an additional 4,891 shares during the period. Great West Life Assurance Co. Can’s holdings in Molina Healthcare were worth $4,952,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Employees Retirement System of Texas raised its holdings in Molina Healthcare by 29.4% during the fourth quarter. Employees Retirement System of Texas now owns 22,000 shares of the company’s stock worth $2,557,000 after acquiring an additional 5,000 shares in the last quarter. Bellevue Group AG raised its holdings in Molina Healthcare by 9.7% during the fourth quarter. Bellevue Group AG now owns 55,384 shares of the company’s stock worth $6,437,000 after acquiring an additional 4,906 shares in the last quarter. GSA Capital Partners LLP bought a new stake in Molina Healthcare during the fourth quarter worth about $301,000. State of Tennessee Treasury Department raised its holdings in Molina Healthcare by 85.6% during the fourth quarter. State of Tennessee Treasury Department now owns 90,639 shares of the company’s stock worth $10,534,000 after acquiring an additional 41,802 shares in the last quarter. Finally, Advisor Group Inc. raised its holdings in Molina Healthcare by 44.9% during the fourth quarter. Advisor Group Inc. now owns 3,305 shares of the company’s stock worth $383,000 after acquiring an additional 1,024 shares in the last quarter.
In other news, Director Ronna Romney sold 200 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $136.66, for a total value of $27,332.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders sold 600 shares of company stock worth $76,788 in the last ninety days. 0.65% of the stock is owned by company insiders.
Molina Healthcare (NYSE:MOH) last released its quarterly earnings data on Monday, February 11th. The company reported $3.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $2.36. The firm had revenue of $4.66 billion for the quarter, compared to analyst estimates of $4.56 billion. Molina Healthcare had a return on equity of 45.70% and a net margin of 3.74%. Equities research analysts predict that Molina Healthcare, Inc. will post 9.89 EPS for the current fiscal year.
Several research firms recently issued reports on MOH. Cowen began coverage on Molina Healthcare in a report on Thursday, February 28th. They set a “market perform” rating on the stock. Morgan Stanley upped their target price on Molina Healthcare from $180.00 to $192.00 and gave the stock an “overweight” rating in a report on Wednesday, February 13th. Stephens began coverage on Molina Healthcare in a report on Monday, January 14th. They set an “equal weight” rating and a $144.00 target price on the stock. Mitsubishi UFJ Financial Group upgraded Molina Healthcare from a “neutral” rating to an “overweight” rating in a report on Tuesday, January 8th. Finally, JPMorgan Chase & Co. upgraded Molina Healthcare from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $127.00 to $150.00 in a report on Tuesday, January 8th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $141.77.
Molina Healthcare Company Profile
Molina Healthcare, Inc provides Medicaid-related solutions to meet the health care needs of low-income families and individuals; and to assist state agencies in their administration of the Medicaid program in the United States. It operates through three segments: Health Plans, Molina Medicaid Solutions, and Other.
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