CANADA LIFE ASSURANCE Co Has $8.29 Million Position in Molina Healthcare, Inc. (NYSE:MOH)

CANADA LIFE ASSURANCE Co decreased its holdings in shares of Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 14.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,485 shares of the company's stock after selling 5,005 shares during the quarter. CANADA LIFE ASSURANCE Co's holdings in Molina Healthcare were worth $8,291,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Virtu Financial LLC bought a new position in Molina Healthcare in the 3rd quarter valued at about $2,111,000. Wilmington Savings Fund Society FSB bought a new stake in Molina Healthcare in the 3rd quarter valued at $113,000. Tri Ri Asset Management Corp acquired a new position in Molina Healthcare in the 3rd quarter valued at $3,722,000. Oddo BHF Asset Management Sas bought a new position in Molina Healthcare during the 3rd quarter worth $2,947,000. Finally, Principal Financial Group Inc. lifted its holdings in shares of Molina Healthcare by 3.3% during the third quarter. Principal Financial Group Inc. now owns 74,160 shares of the company's stock worth $25,553,000 after buying an additional 2,389 shares in the last quarter. 98.50% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on MOH shares. Robert W. Baird reaffirmed a "neutral" rating and set a $375.00 price target (up from $331.00) on shares of Molina Healthcare in a research report on Tuesday, April 15th. Sanford C. Bernstein began coverage on Molina Healthcare in a research note on Tuesday. They issued an "outperform" rating and a $414.00 price target for the company. Wells Fargo & Company upgraded Molina Healthcare from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $295.00 to $372.00 in a research note on Wednesday, March 5th. StockNews.com raised Molina Healthcare from a "hold" rating to a "buy" rating in a research note on Friday, April 11th. Finally, Stephens reissued an "equal weight" rating and issued a $345.00 target price on shares of Molina Healthcare in a report on Thursday, February 6th. Nine research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $363.62.

Insider Transactions at Molina Healthcare

In other Molina Healthcare news, Director Steven J. Orlando sold 1,000 shares of Molina Healthcare stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $301.33, for a total value of $301,330.00. Following the completion of the sale, the director now directly owns 17,375 shares in the company, valued at approximately $5,235,608.75. The trade was a 5.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.10% of the company's stock.

Molina Healthcare Stock Up 6.3 %

Shares of NYSE MOH opened at $321.20 on Wednesday. The company has a 50 day simple moving average of $316.43 and a 200 day simple moving average of $307.66. The firm has a market cap of $17.57 billion, a PE ratio of 15.72, a price-to-earnings-growth ratio of 1.06 and a beta of 0.70. Molina Healthcare, Inc. has a 1 year low of $262.32 and a 1 year high of $370.99. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.62 and a quick ratio of 1.62.

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

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