Capital Group Private Client Services Inc. Has $2.95 Million Position in Molina Healthcare, Inc. (NYSE:MOH)

Capital Group Private Client Services Inc. boosted its stake in shares of Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 21.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,148 shares of the company's stock after purchasing an additional 1,763 shares during the quarter. Capital Group Private Client Services Inc.'s holdings in Molina Healthcare were worth $2,954,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. Versant Capital Management Inc raised its position in shares of Molina Healthcare by 83.1% during the fourth quarter. Versant Capital Management Inc now owns 163 shares of the company's stock valued at $47,000 after buying an additional 74 shares during the last quarter. Wingate Wealth Advisors Inc. acquired a new position in Molina Healthcare in the 4th quarter valued at approximately $52,000. Hurley Capital LLC acquired a new stake in shares of Molina Healthcare during the 4th quarter worth approximately $55,000. EverSource Wealth Advisors LLC increased its position in shares of Molina Healthcare by 81.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 196 shares of the company's stock valued at $57,000 after purchasing an additional 88 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. raised its stake in shares of Molina Healthcare by 337.0% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 201 shares of the company's stock valued at $58,000 after purchasing an additional 155 shares in the last quarter. 98.50% of the stock is owned by institutional investors.

Molina Healthcare Price Performance

NYSE:MOH traded down $17.22 during mid-day trading on Thursday, reaching $314.78. 736,157 shares of the company were exchanged, compared to its average volume of 669,722. Molina Healthcare, Inc. has a 12 month low of $262.32 and a 12 month high of $370.99. The stock has a market cap of $17.22 billion, a PE ratio of 15.45, a PEG ratio of 1.06 and a beta of 0.70. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.69. The company has a fifty day moving average of $317.63 and a 200 day moving average of $307.82.

Molina Healthcare (NYSE:MOH - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The company reported $6.08 earnings per share for the quarter, beating analysts' consensus estimates of $5.86 by $0.22. Molina Healthcare had a net margin of 2.90% and a return on equity of 28.13%. The business had revenue of $11.15 billion during the quarter, compared to analyst estimates of $10.86 billion. During the same quarter last year, the business posted $5.73 earnings per share. On average, research analysts anticipate that Molina Healthcare, Inc. will post 24.4 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on MOH. UBS Group decreased their price target on shares of Molina Healthcare from $374.00 to $325.00 and set a "neutral" rating on the stock in a research note on Friday, February 7th. StockNews.com raised shares of Molina Healthcare from a "hold" rating to a "buy" rating in a research note on Friday, April 11th. Truist Financial raised their price target on shares of Molina Healthcare from $340.00 to $400.00 and gave the stock a "buy" rating in a research note on Friday, April 11th. Stephens reiterated an "equal weight" rating and issued a $345.00 price objective on shares of Molina Healthcare in a research note on Thursday, February 6th. Finally, Robert W. Baird restated a "neutral" rating and set a $375.00 target price (up previously from $331.00) on shares of Molina Healthcare in a research report on Tuesday, April 15th. Nine research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $363.62.

Insider Activity

In other Molina Healthcare news, Director Steven J. Orlando sold 1,000 shares of the business's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $301.33, for a total transaction of $301,330.00. Following the completion of the sale, the director now directly 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.10% of the stock is currently owned by insiders.

About Molina Healthcare

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.