Molina Healthcare, Inc. (NYSE:MOH) Given Average Rating of "Hold" by Analysts

Molina Healthcare, Inc. (NYSE:MOH - Get Free Report) has been given an average rating of "Hold" by the thirteen analysts that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, six have given a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $367.17.

MOH has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft reduced their price objective on Molina Healthcare from $354.00 to $353.00 and set a "hold" rating on the stock in a research note on Monday, July 29th. Stephens restated an "equal weight" rating and set a $320.00 target price on shares of Molina Healthcare in a report on Thursday, July 25th. TD Cowen cut their price objective on Molina Healthcare from $412.00 to $351.00 and set a "buy" rating on the stock in a research report on Wednesday, July 24th. Truist Financial decreased their target price on Molina Healthcare from $440.00 to $400.00 and set a "buy" rating for the company in a research report on Monday, July 15th. Finally, Jefferies Financial Group reduced their price target on Molina Healthcare from $354.00 to $297.00 and set a "hold" rating on the stock in a research report on Wednesday, July 24th.

Molina Healthcare Trading Down 2.1 %

Shares of MOH traded down $6.96 during mid-day trading on Wednesday, hitting $326.43. The company had a trading volume of 1,319,178 shares, compared to its average volume of 910,297. Molina Healthcare has a 1-year low of $272.69 and a 1-year high of $423.92. The company has a quick ratio of 1.55, a current ratio of 1.54 and a debt-to-equity ratio of 0.53. The business's 50-day simple moving average is $332.15 and its 200-day simple moving average is $327.38. The stock has a market cap of $18.67 billion, a PE ratio of 16.58, a P/E/G ratio of 1.14 and a beta of 0.59.

Molina Healthcare (NYSE:MOH - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $6.01 EPS for the quarter, topping analysts' consensus estimates of $5.96 by $0.05. Molina Healthcare had a return on equity of 27.88% and a net margin of 2.92%. The business had revenue of $10.34 billion during the quarter, compared to the consensus estimate of $9.92 billion. During the same period in the prior year, the firm posted $5.05 EPS. The business's revenue for the quarter was up 21.0% on a year-over-year basis. Sell-side analysts forecast that Molina Healthcare will post 23.44 earnings per share for the current year.

Insider Buying and Selling

In other Molina Healthcare news, CAO Maurice Hebert sold 393 shares of the company's stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $346.52, for a total transaction of $136,182.36. Following the sale, the chief accounting officer now owns 9,473 shares in the company, valued at $3,282,583.96. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.11% of the company's stock.

Institutional Investors Weigh In On Molina Healthcare

A number of hedge funds have recently added to or reduced their stakes in MOH. Natixis Advisors LLC increased its holdings in shares of Molina Healthcare by 6.7% in the 3rd quarter. Natixis Advisors LLC now owns 28,047 shares of the company's stock worth $9,664,000 after acquiring an additional 1,757 shares during the period. Empirical Finance LLC raised its holdings in shares of Molina Healthcare by 2.9% during the third quarter. Empirical Finance LLC now owns 3,011 shares of the company's stock valued at $1,037,000 after buying an additional 85 shares during the last quarter. Royce & Associates LP boosted its position in shares of Molina Healthcare by 0.9% during the third quarter. Royce & Associates LP now owns 30,867 shares of the company's stock worth $10,636,000 after buying an additional 278 shares during the period. CIBC Asset Management Inc grew its holdings in Molina Healthcare by 8.3% in the 3rd quarter. CIBC Asset Management Inc now owns 8,537 shares of the company's stock worth $2,942,000 after buying an additional 652 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. increased its position in Molina Healthcare by 3.5% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,705 shares of the company's stock valued at $587,000 after acquiring an additional 57 shares during the period. 98.50% of the stock is currently owned by institutional investors.

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.