MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Reduces Position in Molina Healthcare, Inc. (NYSE:MOH)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH trimmed its position in Molina Healthcare, Inc. (NYSE:MOH) by 69.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,811 shares of the company’s stock after selling 15,185 shares during the quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Molina Healthcare were worth $1,971,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State Street Corp increased its position in shares of Molina Healthcare by 0.5% in the third quarter. State Street Corp now owns 2,614,311 shares of the company’s stock valued at $900,787,000 after acquiring an additional 13,001 shares during the period. AQR Capital Management LLC increased its holdings in Molina Healthcare by 36.2% during the 2nd quarter. AQR Capital Management LLC now owns 463,537 shares of the company’s stock valued at $137,810,000 after purchasing an additional 123,121 shares during the period. Charles Schwab Investment Management Inc. raised its position in Molina Healthcare by 2.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 390,078 shares of the company’s stock valued at $134,405,000 after purchasing an additional 10,030 shares during the last quarter. Swiss National Bank lifted its holdings in Molina Healthcare by 0.3% in the 3rd quarter. Swiss National Bank now owns 173,900 shares of the company’s stock worth $59,919,000 after buying an additional 500 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. grew its position in shares of Molina Healthcare by 1.2% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 146,335 shares of the company’s stock worth $50,421,000 after buying an additional 1,778 shares during the last quarter. 98.50% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on MOH shares. Truist Financial dropped their price target on Molina Healthcare from $400.00 to $370.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Robert W. Baird dropped their target price on shares of Molina Healthcare from $405.00 to $331.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. StockNews.com upgraded shares of Molina Healthcare from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Cantor Fitzgerald restated an “overweight” rating and issued a $406.00 price objective on shares of Molina Healthcare in a report on Thursday, October 24th. Finally, Barclays lifted their price objective on Molina Healthcare from $359.00 to $372.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. One analyst has rated the stock with a sell rating, six have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Molina Healthcare currently has an average rating of “Hold” and an average target price of $359.18.

Molina Healthcare Trading Up 1.1 %

Molina Healthcare stock opened at $305.88 on Friday. Molina Healthcare, Inc. has a 12 month low of $272.69 and a 12 month high of $423.92. The company has a current ratio of 1.54, a quick ratio of 1.55 and a debt-to-equity ratio of 0.53. The business’s fifty day simple moving average is $295.43 and its two-hundred day simple moving average is $316.99. The company has a market capitalization of $17.50 billion, a price-to-earnings ratio of 15.53, a price-to-earnings-growth ratio of 0.94 and a beta of 0.54.

Molina Healthcare (NYSE:MOH) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $6.01 EPS for the quarter, beating the consensus estimate of $5.96 by $0.05. The company had revenue of $10.34 billion for the quarter, compared to the consensus estimate of $9.92 billion. Molina Healthcare had a net margin of 2.92% and a return on equity of 27.88%. Molina Healthcare’s revenue for the quarter was up 21.0% on a year-over-year basis. During the same period in the prior year, the firm posted $5.05 EPS. As a group, equities analysts predict that Molina Healthcare, Inc. will post 23.44 earnings per share for the current fiscal 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.