iA Global Asset Management Inc. Reduces Stake in Molina Healthcare, Inc. (NYSE:MOH)

iA Global Asset Management Inc. decreased its stake in shares of Molina Healthcare, Inc. (NYSE:MOH) by 18.1% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 2,483 shares of the company’s stock after selling 547 shares during the period. iA Global Asset Management Inc.’s holdings in Molina Healthcare were worth $1,020,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Norges Bank purchased a new stake in shares of Molina Healthcare in the 4th quarter valued at about $275,143,000. Wellington Management Group LLP grew its stake in Molina Healthcare by 12.8% in the 4th quarter. Wellington Management Group LLP now owns 3,831,100 shares of the company’s stock worth $1,384,215,000 after buying an additional 436,060 shares in the last quarter. Capital Research Global Investors increased its holdings in shares of Molina Healthcare by 5.4% in the 4th quarter. Capital Research Global Investors now owns 2,430,283 shares of the company’s stock worth $878,086,000 after buying an additional 123,894 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Molina Healthcare by 127.0% in the 4th quarter. The Manufacturers Life Insurance Company now owns 192,847 shares of the company’s stock worth $69,678,000 after buying an additional 107,895 shares during the last quarter. Finally, Los Angeles Capital Management LLC increased its holdings in shares of Molina Healthcare by 69.5% in the 1st quarter. Los Angeles Capital Management LLC now owns 223,825 shares of the company’s stock worth $91,954,000 after buying an additional 91,813 shares during the last quarter. Hedge funds and other institutional investors own 98.50% of the company’s stock.

Analyst Ratings Changes

MOH has been the topic of a number of research analyst reports. Jefferies Financial Group decreased their price target on shares of Molina Healthcare from $354.00 to $297.00 and set a “hold” rating on the stock in a report on Wednesday, July 24th. Barclays decreased their price target on shares of Molina Healthcare from $437.00 to $430.00 and set an “equal weight” rating on the stock in a report on Thursday, April 25th. Wells Fargo & Company decreased their price target on shares of Molina Healthcare from $375.00 to $315.00 and set an “equal weight” rating on the stock in a report on Monday, July 22nd. Stephens reissued an “equal weight” rating and issued a $320.00 price target on shares of Molina Healthcare in a report on Thursday, July 25th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Molina Healthcare from $420.00 to $395.00 and set an “overweight” rating on the stock in a report on Wednesday, July 10th. One analyst has rated the stock with a sell rating, six have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $374.25.

Molina Healthcare Trading Up 1.4 %

Shares of NYSE:MOH traded up $4.92 on Thursday, hitting $346.19. The company had a trading volume of 550,995 shares, compared to its average volume of 494,570. The firm’s 50-day simple moving average is $306.82 and its two-hundred day simple moving average is $352.34. Molina Healthcare, Inc. has a 1 year low of $282.96 and a 1 year high of $423.92. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $20.29 billion, a price-to-earnings ratio of 18.52, a P/E/G ratio of 1.22 and a beta of 0.58.

Molina Healthcare (NYSE:MOH) last posted its earnings results on Wednesday, July 24th. The company reported $5.86 EPS for the quarter, topping the consensus estimate of $5.73 by $0.13. Molina Healthcare had a net margin of 2.84% and a return on equity of 28.09%. The firm had revenue of $9.88 billion during the quarter, compared to analysts’ expectations of $9.75 billion. During the same period last year, the company posted $5.65 EPS. The company’s quarterly revenue was up 18.7% compared to the same quarter last year. Equities analysts anticipate that Molina Healthcare, Inc. will post 23.5 earnings per share for the current fiscal year.

Insider Transactions at Molina Healthcare

In related news, Director Steven J. Orlando sold 1,000 shares of the stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $339.21, for a total value of $339,210.00. Following the completion of the transaction, the director now directly owns 18,025 shares in the company, valued at approximately $6,114,260.25. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Director Steven J. Orlando sold 1,000 shares of the stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $339.21, for a total value of $339,210.00. Following the completion of the transaction, the director now directly owns 18,025 shares in the company, valued at approximately $6,114,260.25. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Ronna Romney sold 250 shares of the stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $343.27, for a total transaction of $85,817.50. Following the completion of the transaction, the director now owns 16,945 shares of the company’s stock, valued at $5,816,710.15. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,250 shares of company stock valued at $3,876,528. Company insiders own 1.10% of the company’s stock.

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.