Molina Healthcare, Inc. (NYSE:MOH) Shares Acquired by APG Asset Management N.V.

APG Asset Management N.V. boosted its position in Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 90.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 68,649 shares of the company's stock after acquiring an additional 32,678 shares during the quarter. APG Asset Management N.V. owned 0.12% of Molina Healthcare worth $19,295,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Advisory Services Network LLC grew its holdings in shares of Molina Healthcare by 67.2% during the 4th quarter. Advisory Services Network LLC now owns 2,326 shares of the company's stock worth $677,000 after purchasing an additional 935 shares during the period. Invesco Ltd. grew its stake in Molina Healthcare by 28.5% during the fourth quarter. Invesco Ltd. now owns 1,327,021 shares of the company's stock worth $386,229,000 after buying an additional 294,180 shares during the period. Polymer Capital Management US LLC acquired a new stake in shares of Molina Healthcare in the fourth quarter worth $229,000. Cerity Partners LLC increased its position in shares of Molina Healthcare by 114.1% in the fourth quarter. Cerity Partners LLC now owns 11,598 shares of the company's stock worth $3,482,000 after acquiring an additional 6,180 shares in the last quarter. Finally, FMR LLC raised its stake in shares of Molina Healthcare by 31.1% in the 4th quarter. FMR LLC now owns 1,801,113 shares of the company's stock valued at $524,214,000 after acquiring an additional 427,276 shares during the period. Hedge funds and other institutional investors own 98.50% of the company's stock.

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Wall Street Analyst Weigh In

A number of analysts recently weighed in on MOH shares. Guggenheim initiated coverage on shares of Molina Healthcare in a research report on Wednesday, April 9th. They set a "neutral" rating for the company. UBS Group decreased their target price on Molina Healthcare from $374.00 to $325.00 and set a "neutral" rating for the company in a research report on Friday, February 7th. Wells Fargo & Company upgraded Molina Healthcare from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $295.00 to $372.00 in a report on Wednesday, March 5th. Barclays reduced their price target on Molina Healthcare from $372.00 to $339.00 and set an "equal weight" rating on the stock in a research report on Friday, February 7th. Finally, Truist Financial increased their price objective on shares of Molina Healthcare from $340.00 to $400.00 and gave the company a "buy" rating in a research report on Friday. Eight equities research analysts have rated the stock with 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, the stock has an average rating of "Moderate Buy" and a consensus price target of $359.42.

Insider Buying and Selling

In other Molina Healthcare news, Director Steven J. Orlando sold 1,000 shares of the 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 sale, the director now directly owns 17,375 shares of the company's stock, valued at approximately $5,235,608.75. This represents a 5.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.10% of the stock is currently owned by company insiders.

Molina Healthcare Stock Down 3.6 %

MOH stock traded down $12.48 during mid-day trading on Tuesday, hitting $336.09. 263,866 shares of the company were exchanged, compared to its average volume of 652,530. The company has a market capitalization of $18.38 billion, a PE ratio of 16.45, a price-to-earnings-growth ratio of 1.06 and a beta of 0.70. The firm has a fifty day simple moving average of $311.02 and a 200 day simple moving average of $308.02. 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 twelve month low of $262.32 and a twelve month high of $373.22.

Molina Healthcare (NYSE:MOH - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $5.05 earnings per share for the quarter, missing the consensus estimate of $5.74 by ($0.69). Molina Healthcare had a net margin of 2.90% and a return on equity of 28.13%. On average, research analysts forecast that Molina Healthcare, Inc. will post 24.4 earnings per share for the current fiscal year.

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.