Royal London Asset Management Ltd. Acquires 483 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Royal London Asset Management Ltd. raised its holdings in Molina Healthcare, Inc. (NYSE:MOH) by 1.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 50,743 shares of the company’s stock after buying an additional 483 shares during the quarter. Royal London Asset Management Ltd. owned about 0.09% of Molina Healthcare worth $14,769,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in MOH. True Wealth Design LLC grew its position in shares of Molina Healthcare by 2,500.0% in the 3rd quarter. True Wealth Design LLC now owns 104 shares of the company’s stock worth $36,000 after buying an additional 100 shares during the last quarter. Versant Capital Management Inc grew its position in shares of Molina Healthcare by 83.1% in the 4th quarter. Versant Capital Management Inc now owns 163 shares of the company’s stock worth $47,000 after buying an additional 74 shares during the last quarter. Wingate Wealth Advisors Inc. bought a new stake in shares of Molina Healthcare in the 4th quarter worth approximately $52,000. EverSource Wealth Advisors LLC grew its position in shares of Molina Healthcare by 81.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 196 shares of the company’s stock worth $57,000 after buying an additional 88 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd grew its position in shares of Molina Healthcare by 895.0% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 199 shares of the company’s stock worth $58,000 after buying an additional 179 shares during the last quarter. 98.50% of the stock is currently owned by institutional investors.

Molina Healthcare Stock Down 1.7 %

MOH stock opened at $309.85 on Friday. Molina Healthcare, Inc. has a 1-year low of $262.32 and a 1-year high of $423.92. The business has a fifty day moving average price of $299.99 and a 200-day moving average price of $309.37. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.62 and a quick ratio of 1.62. The stock has a market capitalization of $16.95 billion, a P/E ratio of 15.17, a P/E/G ratio of 1.06 and a beta of 0.56.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $5.05 earnings per share for the quarter, missing the consensus estimate of $5.74 by ($0.69). Molina Healthcare had a return on equity of 28.13% and a net margin of 2.90%. Equities analysts forecast that Molina Healthcare, Inc. will post 24.4 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on MOH shares. Wells Fargo & Company upgraded Molina Healthcare from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $295.00 to $372.00 in a research report on Wednesday, March 5th. Truist Financial dropped their price target on Molina Healthcare from $370.00 to $340.00 and set a “buy” rating on the stock in a research report on Wednesday, February 19th. Mizuho dropped their price target on Molina Healthcare from $382.00 to $376.00 and set an “outperform” rating on the stock in a research report on Monday, March 3rd. Stephens restated an “equal weight” rating and set a $345.00 price target on shares of Molina Healthcare in a research report on Thursday, February 6th. Finally, Barclays dropped their price target on Molina Healthcare from $372.00 to $339.00 and set an “equal weight” rating on the stock in a research report on Friday, February 7th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $355.69.

Insider Buying and Selling at Molina Healthcare

In other Molina Healthcare news, Director Steven J. Orlando sold 1,000 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $301.33, for a total value of $301,330.00. Following the transaction, the director now owns 17,375 shares of the company’s stock, valued at approximately $5,235,608.75. This represents a 5.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is owned by corporate insiders.

About Molina Healthcare

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.