Asahi Life Asset Management CO. LTD. Invests $253,000 in Molina Healthcare, Inc $MOH

Asahi Life Asset Management CO. LTD. acquired a new stake in shares of Molina Healthcare, Inc (NYSE:MOH) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 849 shares of the company’s stock, valued at approximately $253,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its stake in shares of Molina Healthcare by 46.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,838,043 shares of the company’s stock worth $1,264,214,000 after purchasing an additional 1,216,903 shares during the period. T. Rowe Price Investment Management Inc. grew its position in shares of Molina Healthcare by 8.6% in the first quarter. T. Rowe Price Investment Management Inc. now owns 1,487,896 shares of the company’s stock valued at $490,099,000 after purchasing an additional 117,796 shares during the period. AQR Capital Management LLC increased its stake in Molina Healthcare by 42.7% in the first quarter. AQR Capital Management LLC now owns 884,958 shares of the company’s stock valued at $288,125,000 after purchasing an additional 264,664 shares during the last quarter. Durable Capital Partners LP lifted its position in Molina Healthcare by 13.1% during the first quarter. Durable Capital Partners LP now owns 541,605 shares of the company’s stock worth $178,399,000 after buying an additional 62,899 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Molina Healthcare by 1.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 465,672 shares of the company’s stock worth $153,388,000 after buying an additional 7,021 shares during the last quarter. 98.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Mizuho dropped their price objective on shares of Molina Healthcare from $400.00 to $330.00 and set an “outperform” rating for the company in a research note on Friday, July 11th. JPMorgan Chase & Co. lowered their target price on shares of Molina Healthcare from $272.00 to $184.00 and set a “neutral” rating for the company in a report on Tuesday, July 29th. Wells Fargo & Company upped their price target on shares of Molina Healthcare from $198.00 to $231.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 7th. TD Cowen lowered shares of Molina Healthcare from a “buy” rating to a “hold” rating and set a $203.00 price target on the stock. in a report on Thursday, October 16th. Finally, Barclays reissued an “underweight” rating and set a $144.00 price objective (down from $185.00) on shares of Molina Healthcare in a research note on Friday, October 24th. Three investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Molina Healthcare presently has an average rating of “Hold” and a consensus target price of $203.64.

Molina Healthcare Stock Performance

Shares of MOH stock opened at $147.02 on Friday. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.92. The company has a market cap of $7.97 billion, a PE ratio of 9.10 and a beta of 0.55. The company’s fifty day simple moving average is $180.60 and its 200-day simple moving average is $227.26. Molina Healthcare, Inc has a 52 week low of $146.13 and a 52 week high of $359.97.

Molina Healthcare (NYSE:MOH) last announced its quarterly earnings results on Wednesday, October 22nd. The company reported $1.84 earnings per share for the quarter, missing analysts’ consensus estimates of $3.97 by ($2.13). Molina Healthcare had a return on equity of 22.95% and a net margin of 1.98%.The business had revenue of $11.48 billion for the quarter, compared to analysts’ expectations of $10.99 billion. During the same period last year, the company posted $6.01 earnings per share. The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. Molina Healthcare has set its FY 2025 guidance at 14.000-14.000 EPS. As a group, equities research analysts anticipate that Molina Healthcare, Inc will post 24.4 EPS for the current 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.