Assenagon Asset Management S.A. Acquires 191,731 Shares of Molina Healthcare, Inc $MOH

Assenagon Asset Management S.A. increased its holdings in shares of Molina Healthcare, Inc (NYSE:MOH) by 241.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 271,224 shares of the company’s stock after buying an additional 191,731 shares during the period. Assenagon Asset Management S.A. owned about 0.50% of Molina Healthcare worth $47,068,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. AQR Capital Management LLC grew its stake in shares of Molina Healthcare by 217.0% in the third quarter. AQR Capital Management LLC now owns 2,934,130 shares of the company’s stock worth $561,475,000 after purchasing an additional 2,008,458 shares during the last quarter. Invesco Ltd. lifted its holdings in Molina Healthcare by 25.9% during the 2nd quarter. Invesco Ltd. now owns 1,601,574 shares of the company’s stock worth $477,109,000 after buying an additional 329,759 shares during the period. Victory Capital Management Inc. lifted its holdings in Molina Healthcare by 344.3% during the 3rd quarter. Victory Capital Management Inc. now owns 963,526 shares of the company’s stock worth $184,380,000 after buying an additional 746,639 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Molina Healthcare by 31.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 938,677 shares of the company’s stock valued at $179,632,000 after buying an additional 222,346 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Molina Healthcare in the 2nd quarter valued at about $212,113,000. Institutional investors own 98.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on MOH shares. Wells Fargo & Company set a $141.00 price objective on Molina Healthcare and gave the stock an “equal weight” rating in a research report on Friday, February 20th. Morgan Stanley decreased their target price on shares of Molina Healthcare from $158.00 to $128.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 4th. Truist Financial dropped their price target on shares of Molina Healthcare from $190.00 to $145.00 and set a “hold” rating on the stock in a research report on Tuesday, February 17th. UBS Group set a $173.00 price objective on shares of Molina Healthcare in a research note on Friday, March 13th. Finally, Jefferies Financial Group set a $160.00 target price on shares of Molina Healthcare in a research note on Tuesday, December 16th. Two investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $169.21.

Molina Healthcare Price Performance

Shares of NYSE MOH opened at $141.66 on Wednesday. The stock has a market cap of $7.38 billion, a price-to-earnings ratio of 16.55 and a beta of 0.52. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.69 and a current ratio of 1.69. Molina Healthcare, Inc has a fifty-two week low of $121.06 and a fifty-two week high of $359.97. The firm’s 50-day simple moving average is $158.19 and its 200 day simple moving average is $165.34.

Molina Healthcare (NYSE:MOH) last announced its quarterly earnings results on Thursday, February 5th. The company reported ($2.75) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($3.18). The company had revenue of $11.38 billion for the quarter, compared to the consensus estimate of $10.90 billion. Molina Healthcare had a return on equity of 13.60% and a net margin of 1.04%.The company’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter last year, the company posted $5.05 EPS. Molina Healthcare has set its FY 2026 guidance at 5.000- EPS. As a group, research analysts anticipate that Molina Healthcare, Inc will post 24.4 earnings per share for the current fiscal year.

Molina Healthcare Company Profile

Molina Healthcare, Inc is a managed care company specializing in government-sponsored health insurance programs. The company offers Medicaid managed care plans, Medicare Advantage and prescription drug plans, and individual Marketplace plans under the Affordable Care Act. Through an integrated care model, Molina emphasizes preventive and primary care services, care coordination, and disease management to improve health outcomes for its members.

The company traces its roots to the early 1980s, when Dr.