Nisa Investment Advisors LLC Increases Stock Position in Molina Healthcare, Inc. (NYSE:MOH)

Nisa Investment Advisors LLC boosted its holdings in Molina Healthcare, Inc. (NYSE:MOH) by 36.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,707 shares of the company’s stock after purchasing an additional 2,580 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Molina Healthcare were worth $3,507,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of MOH. Captrust Financial Advisors grew its holdings 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 during the period. Ritholtz Wealth Management grew its holdings in shares of Molina Healthcare by 2.1% during the 4th quarter. Ritholtz Wealth Management now owns 1,620 shares of the company’s stock worth $585,000 after purchasing an additional 33 shares during the period. EFG Asset Management Americas Corp. grew its holdings in shares of Molina Healthcare by 3.0% during the 2nd quarter. EFG Asset Management Americas Corp. now owns 1,238 shares of the company’s stock worth $373,000 after purchasing an additional 36 shares during the period. New York Life Investment Management LLC grew its holdings in shares of Molina Healthcare by 0.4% during the 3rd quarter. New York Life Investment Management LLC now owns 8,495 shares of the company’s stock worth $2,785,000 after purchasing an additional 36 shares during the period. Finally, Aptus Capital Advisors LLC grew its holdings in shares of Molina Healthcare by 5.0% during the 3rd quarter. Aptus Capital Advisors LLC now owns 763 shares of the company’s stock worth $250,000 after purchasing an additional 36 shares during the period. Institutional investors and hedge funds own 98.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on MOH shares. Wells Fargo & Company boosted their target price on Molina Healthcare from $420.00 to $440.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 20th. Cantor Fitzgerald reiterated an “overweight” rating and set a $406.00 target price on shares of Molina Healthcare in a report on Thursday, April 4th. UBS Group boosted their target price on Molina Healthcare from $350.00 to $380.00 and gave the stock a “neutral” rating in a report on Thursday, December 21st. Barclays began coverage on Molina Healthcare in a research report on Wednesday, March 6th. They set an “equal weight” rating and a $437.00 price target on the stock. Finally, StockNews.com lowered Molina Healthcare from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $395.82.

Molina Healthcare Price Performance

Shares of NYSE MOH opened at $376.78 on Friday. Molina Healthcare, Inc. has a twelve month low of $266.35 and a twelve month high of $423.92. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $22.07 billion, a price-to-earnings ratio of 20.06, a price-to-earnings-growth ratio of 1.06 and a beta of 0.47. The business has a 50 day simple moving average of $395.00 and a 200-day simple moving average of $369.93.

Molina Healthcare (NYSE:MOH) last issued its quarterly earnings results on Wednesday, February 7th. The company reported $4.38 earnings per share for the quarter, beating analysts’ consensus estimates of $4.31 by $0.07. Molina Healthcare had a return on equity of 32.34% and a net margin of 3.20%. The business had revenue of $9.05 billion during the quarter, compared to the consensus estimate of $8.35 billion. During the same period in the previous year, the business earned $4.10 EPS. The business’s quarterly revenue was up 10.0% on a year-over-year basis. As a group, equities research analysts expect that Molina Healthcare, Inc. will post 23.62 earnings per share for the current year.

Insider Activity

In other news, CFO Mark Lowell Keim sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $386.56, for a total value of $5,798,400.00. Following the completion of the sale, the chief financial officer now directly owns 36,531 shares in the company, valued at approximately $14,121,423.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Mark Lowell Keim sold 15,000 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $386.56, for a total transaction of $5,798,400.00. Following the completion of the transaction, the chief financial officer now directly owns 36,531 shares in the company, valued at approximately $14,121,423.36. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Richard M. Schapiro sold 1,000 shares of the company’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $401.05, for a total value of $401,050.00. Following the transaction, the director now owns 11,207 shares of the company’s stock, valued at $4,494,567.35. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,711 shares of company stock worth $6,472,517. 1.10% of the stock is currently owned by insiders.

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.