Zurcher Kantonalbank Zurich Cantonalbank Acquires 12,834 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Molina Healthcare, Inc. (NYSE:MOH) by 143.3% in the fourth quarter, Holdings Channel reports. The firm owned 21,788 shares of the company’s stock after purchasing an additional 12,834 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Molina Healthcare were worth $7,872,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Deutsche Bank AG lifted its stake in Molina Healthcare by 1.5% during the third quarter. Deutsche Bank AG now owns 258,441 shares of the company’s stock worth $84,740,000 after purchasing an additional 3,754 shares during the period. Invesco Ltd. increased its holdings in shares of Molina Healthcare by 10.4% during the third quarter. Invesco Ltd. now owns 1,190,161 shares of the company’s stock worth $390,242,000 after buying an additional 112,243 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Molina Healthcare by 4,019.2% during the fourth quarter. Assenagon Asset Management S.A. now owns 103,185 shares of the company’s stock worth $37,282,000 after buying an additional 100,680 shares in the last quarter. DNB Asset Management AS increased its holdings in shares of Molina Healthcare by 20.7% during the fourth quarter. DNB Asset Management AS now owns 42,852 shares of the company’s stock worth $15,483,000 after buying an additional 7,346 shares in the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of Molina Healthcare by 0.5% during the third quarter. Principal Financial Group Inc. now owns 74,056 shares of the company’s stock worth $24,282,000 after buying an additional 376 shares in the last quarter. Institutional investors own 98.50% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on MOH shares. StockNews.com lowered shares of Molina Healthcare from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 8th. Cantor Fitzgerald reissued an “overweight” rating and issued a $406.00 price target on shares of Molina Healthcare in a report on Thursday, April 4th. Barclays began coverage on shares of Molina Healthcare in a report on Wednesday, March 6th. They issued an “equal weight” rating and a $437.00 price target for the company. Truist Financial raised their price target on shares of Molina Healthcare from $435.00 to $460.00 and gave the company a “buy” rating in a report on Tuesday, February 20th. Finally, Bank of America lowered shares of Molina Healthcare from a “neutral” rating to an “underperform” rating and set a $439.00 price target for the company. in a report on Thursday, March 28th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $393.09.

Insider Transactions at Molina Healthcare

In other news, Director Richard M. Schapiro sold 711 shares of Molina Healthcare stock in a transaction on Monday, February 12th. The shares were sold at an average price of $384.06, for a total transaction of $273,066.66. Following the transaction, the director now directly owns 12,207 shares of the company’s stock, valued at $4,688,220.42. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CFO Mark Lowell Keim sold 15,000 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $386.56, for a total value of $5,798,400.00. Following the sale, the chief financial officer now directly owns 36,531 shares of the company’s stock, valued at approximately $14,121,423.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard M. Schapiro sold 711 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $384.06, for a total transaction of $273,066.66. Following the completion of the sale, the director now directly owns 12,207 shares in the company, valued at $4,688,220.42. The disclosure for this sale can be found here. Insiders have sold a total of 16,711 shares of company stock valued at $6,472,517 over the last three months. 1.10% of the stock is currently owned by corporate insiders.

Molina Healthcare Price Performance

MOH opened at $367.52 on Friday. The company has a fifty day moving average price of $394.33 and a two-hundred day moving average price of $370.95. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.54 and a current ratio of 1.54. Molina Healthcare, Inc. has a 52 week low of $266.35 and a 52 week high of $423.92. The firm has a market capitalization of $21.53 billion, a PE ratio of 19.57, a P/E/G ratio of 1.03 and a beta of 0.47.

Molina Healthcare (NYSE:MOH) last announced its quarterly earnings results on Wednesday, February 7th. The company reported $4.38 earnings per share for the quarter, topping analysts’ consensus estimates of $4.31 by $0.07. The company had revenue of $9.05 billion for the quarter, compared to analysts’ expectations of $8.35 billion. Molina Healthcare had a net margin of 3.20% and a return on equity of 32.34%. The business’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same period last year, the firm posted $4.10 earnings per share. As a group, analysts anticipate that Molina Healthcare, Inc. will post 23.62 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.