Achmea Investment Management B.V. Decreases Stock Holdings in Molina Healthcare, Inc. (NYSE:MOH)

Achmea Investment Management B.V. reduced its position in shares of Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 44.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,650 shares of the company's stock after selling 4,451 shares during the period. Achmea Investment Management B.V.'s holdings in Molina Healthcare were worth $1,644,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. True Wealth Design LLC raised its stake in Molina Healthcare by 2,500.0% during the 3rd quarter. True Wealth Design LLC now owns 104 shares of the company's stock worth $36,000 after acquiring an additional 100 shares in the last quarter. Versant Capital Management Inc raised its stake in Molina Healthcare by 83.1% during the 4th quarter. Versant Capital Management Inc now owns 163 shares of the company's stock worth $47,000 after acquiring an additional 74 shares in the last quarter. Wingate Wealth Advisors Inc. acquired a new stake in Molina Healthcare during the 4th quarter worth $52,000. EverSource Wealth Advisors LLC raised its stake in Molina Healthcare by 81.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 196 shares of the company's stock worth $57,000 after acquiring an additional 88 shares in the last quarter. Finally, Financial Perspectives Inc acquired a new stake in Molina Healthcare during the 4th quarter worth $59,000. 98.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on MOH. Mizuho cut their price target on shares of Molina Healthcare from $382.00 to $376.00 and set an "outperform" rating on the stock in a research note 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 note on Tuesday, December 17th. Barclays cut their price target on shares of Molina Healthcare from $372.00 to $339.00 and set an "equal weight" rating on the stock in a research note on Friday, February 7th. Truist Financial dropped 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 note on Wednesday, February 19th. Finally, StockNews.com lowered shares of Molina Healthcare from a "buy" rating to a "hold" rating in a research note on Monday, March 10th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $355.69.

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Insider Transactions at Molina Healthcare

In related news, Director Steven J. Orlando sold 1,000 shares of the business's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $301.33, for a total transaction of $301,330.00. Following the sale, the director now owns 17,375 shares of the company's stock, valued at approximately $5,235,608.75. The trade was a 5.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.10% of the company's stock.

Molina Healthcare Stock Performance

Shares of Molina Healthcare stock traded down $2.41 on Wednesday, reaching $314.66. 545,424 shares of the stock were exchanged, compared to its average volume of 759,956. Molina Healthcare, Inc. has a 1-year low of $262.32 and a 1-year high of $423.92. 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 business has a fifty day moving average price of $298.86 and a two-hundred day moving average price of $309.90. The firm has a market capitalization of $17.46 billion, a PE ratio of 15.40, a PEG ratio of 1.06 and a beta of 0.56.

Molina Healthcare (NYSE:MOH - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $5.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $5.74 by ($0.69). Molina Healthcare had a return on equity of 28.13% and a net margin of 2.90%. As a group, research analysts anticipate that Molina Healthcare, Inc. will post 24.4 earnings per share 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.