Retirement Systems of Alabama Sells 335 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Retirement Systems of Alabama decreased its position in Molina Healthcare, Inc. (NYSE:MOH) by 2.5% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 12,847 shares of the company’s stock after selling 335 shares during the period. Retirement Systems of Alabama’s holdings in Molina Healthcare were worth $4,642,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of MOH. Wellington Management Group LLP grew its position in Molina Healthcare by 8.3% in the third quarter. Wellington Management Group LLP now owns 3,395,040 shares of the company’s stock valued at $1,113,200,000 after purchasing an additional 259,474 shares in the last quarter. FMR LLC increased its stake in shares of Molina Healthcare by 1.0% during the 3rd quarter. FMR LLC now owns 2,175,796 shares of the company’s stock worth $713,422,000 after purchasing an additional 22,583 shares during the last quarter. Invesco Ltd. raised its stake in Molina Healthcare by 10.4% in the third quarter. Invesco Ltd. now owns 1,190,161 shares of the company’s stock valued at $390,242,000 after buying an additional 112,243 shares during the period. Northern Trust Corp increased its holdings in shares of Molina Healthcare by 5.6% during the 3rd quarter. Northern Trust Corp now owns 604,431 shares of the company’s stock worth $198,187,000 after acquiring an additional 31,786 shares during the last quarter. Finally, Lord Abbett & CO. LLC raised its stake in Molina Healthcare by 28.5% in the 3rd quarter. Lord Abbett & CO. LLC now owns 470,386 shares of the company’s stock valued at $154,234,000 after acquiring an additional 104,350 shares during the period. Institutional investors and hedge funds own 98.50% of the company’s stock.

Molina Healthcare Trading Up 0.0 %

Shares of MOH opened at $339.68 on Monday. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.53. The firm has a fifty day simple moving average of $384.15 and a two-hundred day simple moving average of $371.92. The stock has a market capitalization of $19.91 billion, a P/E ratio of 18.43, a PEG ratio of 1.04 and a beta of 0.54. Molina Healthcare, Inc. has a twelve month low of $266.35 and a twelve month high of $423.92.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings results on Wednesday, April 24th. The company reported $5.73 earnings per share for the quarter, topping the consensus estimate of $5.46 by $0.27. Molina Healthcare had a return on equity of 29.86% and a net margin of 2.99%. The company had revenue of $9.93 billion for the quarter, compared to the consensus estimate of $9.45 billion. During the same quarter in the prior year, the business posted $5.81 EPS. The firm’s quarterly revenue was up 21.9% compared to the same quarter last year. On average, research analysts anticipate that Molina Healthcare, Inc. will post 23.59 EPS for the current year.

Wall Street Analyst Weigh In

MOH has been the topic of several research reports. Wells Fargo & Company decreased their price objective on shares of Molina Healthcare from $410.00 to $375.00 and set an “equal weight” rating on the stock in a report on Monday, April 29th. Truist Financial raised their price objective on shares of Molina Healthcare from $435.00 to $460.00 and gave the stock a “buy” rating in a research report on Tuesday, February 20th. TD Cowen decreased their target price on shares of Molina Healthcare from $453.00 to $412.00 and set a “buy” rating on the stock in a research report on Tuesday, April 30th. Stephens reiterated an “equal weight” rating and set a $390.00 price target on shares of Molina Healthcare in a research report on Thursday, April 25th. Finally, StockNews.com downgraded shares of Molina Healthcare from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $398.55.

Insider Activity at Molina Healthcare

In other news, Director Richard M. Schapiro sold 1,000 shares of the stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $401.05, for a total transaction of $401,050.00. Following the completion of the transaction, the director now directly owns 11,207 shares in the company, valued at approximately $4,494,567.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Molina Healthcare news, CFO Mark Lowell Keim sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were 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 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 accessible through this link. Also, Director Richard M. Schapiro sold 1,000 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $401.05, for a total transaction of $401,050.00. Following the completion of 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 quarter, insiders have sold 16,711 shares of company stock worth $6,472,517. 1.10% of the stock is owned by corporate 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.