Molina Healthcare, Inc. (NYSE:MOH) Shares Purchased by Federated Hermes Inc.

Federated Hermes Inc. grew its holdings in shares of Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 28.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 49,121 shares of the company's stock after purchasing an additional 10,832 shares during the quarter. Federated Hermes Inc. owned about 0.09% of Molina Healthcare worth $14,297,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Versant Capital Management Inc lifted 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 worth $47,000 after acquiring an additional 74 shares in the last quarter. Wingate Wealth Advisors Inc. purchased a new position in Molina Healthcare during the fourth quarter worth about $52,000. Hurley Capital LLC purchased a new position in shares of Molina Healthcare during the fourth quarter worth about $55,000. EverSource Wealth Advisors LLC increased its holdings in shares of Molina Healthcare by 81.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 196 shares of the company's stock worth $57,000 after buying an additional 88 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. raised its position in Molina Healthcare by 337.0% during 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. Institutional investors own 98.50% of the company's stock.

Molina Healthcare Stock Down 3.7 %

NYSE MOH traded down $12.77 during trading on Tuesday, reaching $335.81. 216,234 shares of the company's stock traded hands, compared to its average volume of 652,250. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.62 and a quick ratio of 1.62. The company's 50 day simple moving average is $311.02 and its two-hundred day simple moving average is $308.02. Molina Healthcare, Inc. has a 12-month low of $262.32 and a 12-month high of $373.22. The firm has a market cap of $18.37 billion, a price-to-earnings ratio of 16.44, a price-to-earnings-growth ratio of 1.06 and a beta of 0.70.

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Molina Healthcare (NYSE:MOH - Get Free Report) last issued 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 return on equity of 28.13% and a net margin of 2.90%. As a group, sell-side analysts forecast that Molina Healthcare, Inc. will post 24.4 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on MOH shares. JPMorgan Chase & Co. reissued a "neutral" rating and set a $350.00 price target (down from $378.00) on shares of Molina Healthcare in a research note on Tuesday, December 17th. Mizuho boosted their price objective on shares of Molina Healthcare from $376.00 to $400.00 and gave the company an "outperform" rating in a research report on Wednesday, April 9th. StockNews.com raised shares of Molina Healthcare from a "hold" rating to a "buy" rating in a research note on Friday. Truist Financial upped their price objective on shares of Molina Healthcare from $340.00 to $400.00 and gave the stock a "buy" rating in a report on Friday. Finally, UBS Group dropped their target price on Molina Healthcare from $374.00 to $325.00 and set a "neutral" rating on the stock in a report on Friday, February 7th. Eight research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $359.42.

Insider Activity

In related news, Director Steven J. Orlando sold 1,000 shares of Molina Healthcare stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $301.33, for a total value of $301,330.00. Following 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.10% of the company's stock.

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.