Intact Investment Management Inc. Has $508,000 Holdings in Molina Healthcare, Inc. (NYSE:MOH)

Intact Investment Management Inc. grew its holdings in shares of Molina Healthcare, Inc. (NYSE:MOH) by 5.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,900 shares of the company’s stock after purchasing an additional 100 shares during the period. Intact Investment Management Inc.’s holdings in Molina Healthcare were worth $508,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Captrust Financial Advisors grew its position in shares of Molina Healthcare by 0.5% during the 2nd quarter. Captrust Financial Advisors now owns 6,315 shares of the company’s stock worth $1,766,000 after purchasing an additional 33 shares in the last quarter. New York Life Investment Management LLC boosted its position in shares of Molina Healthcare by 0.4% during the 1st quarter. New York Life Investment Management LLC now owns 8,454 shares of the company’s stock worth $2,261,000 after acquiring an additional 34 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its position in shares of Molina Healthcare by 4.3% during the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 921 shares of the company’s stock worth $304,000 after acquiring an additional 38 shares in the last quarter. Czech National Bank boosted its position in shares of Molina Healthcare by 0.6% during the 1st quarter. Czech National Bank now owns 6,879 shares of the company’s stock worth $1,840,000 after acquiring an additional 43 shares in the last quarter. Finally, Bessemer Group Inc. boosted its position in shares of Molina Healthcare by 1.5% during the 4th quarter. Bessemer Group Inc. now owns 3,067 shares of the company’s stock worth $1,013,000 after acquiring an additional 44 shares in the last quarter. Institutional investors and hedge funds own 98.11% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on MOH shares. StockNews.com downgraded shares of Molina Healthcare from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 25th. Morgan Stanley reaffirmed an “overweight” rating and set a $365.00 price target on shares of Molina Healthcare in a research note on Friday, July 14th. UBS Group started coverage on shares of Molina Healthcare in a research note on Tuesday, June 20th. They set a “neutral” rating and a $310.00 price target for the company. Truist Financial dropped their price target on shares of Molina Healthcare from $380.00 to $365.00 in a research note on Tuesday, June 20th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Molina Healthcare from $348.00 to $341.00 in a research note on Friday, July 7th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $350.92.

Molina Healthcare Trading Up 1.4 %

NYSE:MOH opened at $320.47 on Monday. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $18.68 billion, a price-to-earnings ratio of 20.31, a PEG ratio of 1.08 and a beta of 0.65. The firm has a fifty day simple moving average of $309.71 and a two-hundred day simple moving average of $291.87. Molina Healthcare, Inc. has a 12 month low of $256.19 and a 12 month high of $374.00.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings results on Wednesday, July 26th. The company reported $5.65 EPS for the quarter, topping analysts’ consensus estimates of $5.05 by $0.60. The business had revenue of $8.33 billion during the quarter, compared to analysts’ expectations of $8.32 billion. Molina Healthcare had a net margin of 2.81% and a return on equity of 35.87%. The business’s quarterly revenue was up 3.4% on a year-over-year basis. During the same period last year, the company posted $4.55 earnings per share. Analysts expect that Molina Healthcare, Inc. will post 20.78 EPS for the current fiscal year.

Insider Activity

In other news, Director Barbara L. Brasier sold 1,500 shares of Molina Healthcare stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $303.89, for a total transaction of $455,835.00. Following the completion of the transaction, the director now directly owns 3,232 shares in the company, valued at $982,172.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Steven J. Orlando sold 723 shares of the firm’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $301.25, for a total transaction of $217,803.75. Following the transaction, the director now directly owns 20,265 shares of the company’s stock, valued at $6,104,831.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Barbara L. Brasier sold 1,500 shares of the firm’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $303.89, for a total transaction of $455,835.00. Following the transaction, the director now directly owns 3,232 shares in the company, valued at $982,172.48. The disclosure for this sale can be found here. Insiders sold 17,246 shares of company stock worth $5,247,256 over the last three months. 1.10% of the stock is currently owned by insiders.

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.