Daiwa Securities Group Inc. Has $7.66 Million Position in Molina Healthcare, Inc. (NYSE:MOH)

Daiwa Securities Group Inc. boosted its holdings in shares of Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 25.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 26,307 shares of the company's stock after acquiring an additional 5,282 shares during the period. Daiwa Securities Group Inc.'s holdings in Molina Healthcare were worth $7,657,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Janney Montgomery Scott LLC boosted its stake in Molina Healthcare by 3.0% during the 3rd quarter. Janney Montgomery Scott LLC now owns 2,509 shares of the company's stock worth $865,000 after acquiring an additional 72 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Molina Healthcare by 3.3% in the 3rd quarter. Principal Financial Group Inc. now owns 74,160 shares of the company's stock valued at $25,553,000 after buying an additional 2,389 shares during the period. CWA Asset Management Group LLC bought a new stake in shares of Molina Healthcare in the 3rd quarter valued at $213,000. WCM Investment Management LLC lifted its holdings in Molina Healthcare by 3.4% during the third quarter. WCM Investment Management LLC now owns 1,080 shares of the company's stock worth $369,000 after acquiring an additional 36 shares in the last quarter. Finally, Entropy Technologies LP acquired a new position in Molina Healthcare in the third quarter valued at about $1,001,000. Institutional investors own 98.50% of the company's stock.

Molina Healthcare Trading Down 2.6 %

Shares of Molina Healthcare stock opened at $324.63 on Wednesday. The firm's 50-day moving average price is $296.16 and its two-hundred day moving average price is $311.33. The company has a market capitalization of $18.02 billion, a price-to-earnings ratio of 15.89, a PEG ratio of 1.06 and a beta of 0.56. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.69. Molina Healthcare, Inc. has a 12-month low of $262.32 and a 12-month high of $423.92.

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Molina Healthcare (NYSE:MOH - Get Free Report) last posted its quarterly 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, analysts forecast that Molina Healthcare, Inc. will post 24.4 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on MOH. Truist Financial lowered their price objective on shares of Molina Healthcare from $370.00 to $340.00 and set a "buy" rating for the company in a research report on Wednesday, February 19th. Barclays cut their price target on Molina Healthcare from $372.00 to $339.00 and set an "equal weight" rating on the stock in a report on Friday, February 7th. Mizuho decreased their price objective on Molina Healthcare from $382.00 to $376.00 and set an "outperform" rating for the company in a report on Monday, March 3rd. UBS Group cut their target price on Molina Healthcare from $374.00 to $325.00 and set a "neutral" rating on the stock in a research note on Friday, February 7th. Finally, StockNews.com downgraded shares of Molina Healthcare from a "buy" rating to a "hold" rating in a report on Monday. One analyst has rated the stock with a sell rating, seven have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $355.69.

Insider Activity

In related news, Director Steven J. Orlando sold 1,000 shares of the company's stock in a transaction on 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 in the company, valued at $5,235,608.75. This represents a 5.44 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.11% of the company's stock.

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.

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