Generali Asset Management SPA SGR Makes New $4.01 Million Investment in Molina Healthcare, Inc. (NYSE:MOH)

Generali Asset Management SPA SGR bought a new position in Molina Healthcare, Inc. (NYSE:MOH - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 13,767 shares of the company's stock, valued at approximately $4,007,000.

Several other hedge funds have also modified their holdings of MOH. Waldron Private Wealth LLC raised its stake in shares of Molina Healthcare by 4.7% during the 4th quarter. Waldron Private Wealth LLC now owns 729 shares of the company's stock worth $212,000 after acquiring an additional 33 shares in the last quarter. Caprock Group LLC lifted its holdings in shares of Molina Healthcare by 3.3% during the 3rd quarter. Caprock Group LLC now owns 1,460 shares of the company's stock valued at $503,000 after purchasing an additional 47 shares during the last quarter. Bank of Hawaii boosted its position in shares of Molina Healthcare by 4.6% in the 3rd quarter. Bank of Hawaii now owns 1,224 shares of the company's stock worth $422,000 after purchasing an additional 54 shares in the last quarter. HighTower Advisors LLC grew its stake in Molina Healthcare by 2.1% during the 3rd quarter. HighTower Advisors LLC now owns 2,627 shares of the company's stock worth $906,000 after buying an additional 55 shares during the last quarter. Finally, Lindbrook Capital LLC increased its position in Molina Healthcare by 38.5% during the 4th quarter. Lindbrook Capital LLC now owns 205 shares of the company's stock valued at $60,000 after buying an additional 57 shares in the last quarter. 98.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on MOH. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $350.00 price target (down previously from $378.00) on shares of Molina Healthcare in a report on Tuesday, December 17th. Stephens restated an "equal weight" rating and set a $345.00 price target on shares of Molina Healthcare in a research note on Thursday, February 6th. StockNews.com cut shares of Molina Healthcare from a "buy" rating to a "hold" rating in a report on Monday, March 10th. Wells Fargo & Company raised shares of Molina Healthcare from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $295.00 to $372.00 in a report on Wednesday, March 5th. Finally, Barclays reduced their target price on Molina Healthcare from $372.00 to $339.00 and set an "equal weight" rating for the company in a research note on Friday, February 7th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $355.69.

Remove Ads

Insider Activity at Molina Healthcare

In other news, Director Steven J. Orlando sold 1,000 shares of the 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 directly owns 17,375 shares of the company's stock, valued at $5,235,608.75. This represents a 5.44 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.10% of the stock is owned by company insiders.

Molina Healthcare Stock Performance

Shares of MOH traded down $5.42 during mid-day trading on Friday, reaching $309.85. The company had a trading volume of 1,046,887 shares, compared to its average volume of 613,436. The stock has a market capitalization of $16.95 billion, a P/E ratio of 15.17, a PEG ratio of 1.06 and a beta of 0.56. Molina Healthcare, Inc. has a 52-week low of $262.32 and a 52-week high of $423.92. The stock has a 50 day moving average of $299.99 and a two-hundred day moving average of $309.37. 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 (NYSE:MOH - Get Free Report) last announced 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 net margin of 2.90% and a return on equity of 28.13%. On average, analysts expect that Molina Healthcare, Inc. will post 24.4 earnings per share for the current year.

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.