Sumitomo Mitsui Trust Group Inc. Buys 1,778 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 1.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 146,335 shares of the company's stock after purchasing an additional 1,778 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.26% of Molina Healthcare worth $50,421,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the stock. Innealta Capital LLC purchased a new position in shares of Molina Healthcare during the second quarter worth approximately $36,000. Ashton Thomas Private Wealth LLC purchased a new stake in Molina Healthcare during the second quarter valued at about $40,000. Capital Performance Advisors LLP purchased a new position in shares of Molina Healthcare in the third quarter worth about $62,000. AM Squared Ltd purchased a new stake in Molina Healthcare during the 2nd quarter valued at about $59,000. Finally, UMB Bank n.a. grew its position in Molina Healthcare by 96.2% during the 3rd quarter. UMB Bank n.a. now owns 206 shares of the company's stock worth $71,000 after acquiring an additional 101 shares during the last quarter. Institutional investors own 98.50% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on MOH. Jefferies Financial Group lowered their price objective on Molina Healthcare from $354.00 to $297.00 and set a "hold" rating for the company in a research report on Wednesday, July 24th. Wells Fargo & Company upped their price target on shares of Molina Healthcare from $360.00 to $362.00 and gave the company an "equal weight" rating in a report on Monday, November 4th. Barclays raised their price target on shares of Molina Healthcare from $359.00 to $372.00 and gave the stock an "equal weight" rating in a report on Friday, October 25th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Molina Healthcare from $354.00 to $353.00 and set a "hold" rating for the company in a research note on Monday, July 29th. Finally, Stephens reissued an "equal weight" rating and issued a $320.00 target price on shares of Molina Healthcare in a research note on Thursday, July 25th. One analyst has rated the stock with a sell rating, six have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $367.17.

Molina Healthcare Stock Down 3.8 %

Shares of NYSE:MOH traded down $11.66 during trading on Friday, hitting $294.34. The stock had a trading volume of 712,051 shares, compared to its average volume of 539,717. The company has a market capitalization of $16.84 billion, a PE ratio of 14.95, a PEG ratio of 1.06 and a beta of 0.59. 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 firm's fifty day moving average is $328.20 and its 200 day moving average is $325.63. Molina Healthcare, Inc. has a 12 month low of $272.69 and a 12 month high of $423.92.

Molina Healthcare (NYSE:MOH - Get Free Report) last posted its quarterly earnings data 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. 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 quarter in the prior year, the company earned $5.05 earnings per share. The firm's quarterly revenue was up 21.0% compared to the same quarter last year. Analysts anticipate that Molina Healthcare, Inc. will post 23.45 EPS for the current fiscal year.

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.