National Pension Service Increases Holdings in Molina Healthcare, Inc. (NYSE:MOH)

National Pension Service grew its stake in shares of Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 3.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 115,645 shares of the company's stock after acquiring an additional 4,087 shares during the quarter. National Pension Service owned about 0.20% of Molina Healthcare worth $39,847,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in MOH. Custom Index Systems LLC lifted its holdings in Molina Healthcare by 5.0% in the second quarter. Custom Index Systems LLC now owns 690 shares of the company's stock valued at $205,000 after acquiring an additional 33 shares during the period. AlphaMark Advisors LLC lifted its stake in shares of Molina Healthcare by 1.1% in the 2nd quarter. AlphaMark Advisors LLC now owns 3,543 shares of the company's stock worth $1,053,000 after purchasing an additional 40 shares during the period. Oliver Luxxe Assets LLC boosted its holdings in shares of Molina Healthcare by 1.3% in the third quarter. Oliver Luxxe Assets LLC now owns 4,428 shares of the company's stock worth $1,526,000 after buying an additional 55 shares during the last quarter. Arizona State Retirement System grew its position in Molina Healthcare by 0.4% during the second quarter. Arizona State Retirement System now owns 16,092 shares of the company's stock valued at $4,784,000 after buying an additional 57 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in Molina Healthcare by 1.0% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 5,942 shares of the company's stock valued at $2,047,000 after buying an additional 61 shares during the last quarter. 98.50% of the stock is currently owned by institutional investors.

Insider Activity at Molina Healthcare

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

Wall Street Analyst Weigh In

MOH has been the subject of a number of recent research reports. Truist Financial cut their price objective on shares of Molina Healthcare from $440.00 to $400.00 and set a "buy" rating for the company in a research report on Monday, July 15th. TD Cowen cut their price target on Molina Healthcare from $412.00 to $351.00 and set a "buy" rating for the company in a report on Wednesday, July 24th. StockNews.com raised Molina Healthcare from a "hold" rating to a "buy" rating in a research note on Friday, October 18th. Stephens reiterated an "equal weight" rating and set a $320.00 price objective on shares of Molina Healthcare in a research note on Thursday, July 25th. Finally, Barclays raised their target price on shares of Molina Healthcare from $359.00 to $372.00 and gave the stock an "equal weight" rating in a research note on Friday, October 25th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $367.17.

Molina Healthcare Price Performance

Shares of MOH stock traded up $11.49 during mid-day trading on Thursday, hitting $337.69. The company had a trading volume of 578,748 shares, compared to its average volume of 532,859. The company has a market capitalization of $19.32 billion, a P/E ratio of 16.58, a P/E/G ratio of 1.14 and a beta of 0.59. The stock's 50 day moving average price is $331.63 and its 200-day moving average price is $327.37. Molina Healthcare, Inc. has a 52-week low of $272.69 and a 52-week high of $423.92. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.54 and a quick ratio of 1.55.

Molina Healthcare (NYSE:MOH - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $6.01 EPS for the quarter, topping the consensus estimate of $5.96 by $0.05. The business had revenue of $10.34 billion for the quarter, compared to analysts' expectations of $9.92 billion. Molina Healthcare had a net margin of 2.92% and a return on equity of 27.88%. The business's quarterly revenue was up 21.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $5.05 EPS. Equities research analysts forecast that Molina Healthcare, Inc. will post 23.44 earnings per share for the current year.

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.