Molina Healthcare, Inc. (NYSE:MOH) Shares Bought by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. increased its holdings in shares of Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 16.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,260 shares of the company's stock after buying an additional 6,978 shares during the quarter. Royal London Asset Management Ltd. owned 0.09% of Molina Healthcare worth $17,318,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Custom Index Systems LLC grew its stake in shares of Molina Healthcare by 5.0% during the second quarter. Custom Index Systems LLC now owns 690 shares of the company's stock worth $205,000 after acquiring an additional 33 shares during the last quarter. WCM Investment Management LLC grew its position in Molina Healthcare by 3.4% during the 3rd quarter. WCM Investment Management LLC now owns 1,080 shares of the company's stock worth $369,000 after purchasing an additional 36 shares during the last quarter. Metis Global Partners LLC grew its position in Molina Healthcare by 1.4% during the 3rd quarter. Metis Global Partners LLC now owns 2,785 shares of the company's stock worth $960,000 after purchasing an additional 39 shares during the last quarter. AlphaMark Advisors LLC lifted its stake in shares of Molina Healthcare by 1.1% during the second quarter. AlphaMark Advisors LLC now owns 3,543 shares of the company's stock worth $1,053,000 after buying an additional 40 shares during the period. Finally, Caprock Group LLC grew its holdings in shares of Molina Healthcare by 3.3% during the third quarter. Caprock Group LLC now owns 1,460 shares of the company's stock valued at $503,000 after buying an additional 47 shares during the last quarter. 98.50% of the stock is owned by institutional investors and hedge funds.

Molina Healthcare Price Performance

MOH stock traded down $5.43 during trading on Friday, hitting $294.99. The stock had a trading volume of 651,537 shares, compared to its average volume of 682,240. Molina Healthcare, Inc. has a twelve month low of $272.69 and a twelve month high of $423.92. The company's 50-day moving average price is $313.41 and its two-hundred day moving average price is $320.71. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.54 and a quick ratio of 1.55. The stock has a market capitalization of $16.87 billion, a P/E ratio of 14.98, a PEG ratio of 1.07 and a beta of 0.54.

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

Analysts Set New Price Targets

A number of brokerages have commented on MOH. Robert W. Baird lowered their price target on Molina Healthcare from $405.00 to $331.00 and set an "outperform" rating for the company in a research report on Thursday, October 24th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $406.00 target price on shares of Molina Healthcare in a report on Thursday, October 24th. StockNews.com upgraded shares of Molina Healthcare from a "hold" rating to a "buy" rating in a report on Friday, October 18th. Barclays lifted their price objective on shares of Molina Healthcare from $359.00 to $372.00 and gave the company an "equal weight" rating in a research note on Friday, October 25th. Finally, Wells Fargo & Company increased their price objective on shares of Molina Healthcare from $360.00 to $362.00 and gave the stock an "equal weight" rating in a research note on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $367.17.

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.