Sumitomo Mitsui Trust Group Inc. Raises Position in Molina Healthcare, Inc. (NYSE:MOH)

Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Molina Healthcare, Inc. (NYSE:MOH) by 2.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 149,573 shares of the company’s stock after buying an additional 3,238 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.26% of Molina Healthcare worth $43,533,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Choreo LLC boosted its holdings in Molina Healthcare by 7.7% during the 4th quarter. Choreo LLC now owns 1,115 shares of the company’s stock valued at $323,000 after acquiring an additional 80 shares during the period. Tectonic Advisors LLC boosted its stake in shares of Molina Healthcare by 8.8% during the fourth quarter. Tectonic Advisors LLC now owns 1,447 shares of the company’s stock valued at $421,000 after purchasing an additional 117 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Molina Healthcare by 29.9% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,545 shares of the company’s stock worth $1,909,000 after purchasing an additional 1,506 shares during the last quarter. Tempus Wealth Planning LLC purchased a new position in shares of Molina Healthcare in the fourth quarter worth $240,000. Finally, Trust Point Inc. bought a new stake in Molina Healthcare during the 4th quarter valued at $526,000. 98.50% of the stock is owned by institutional investors.

Molina Healthcare Stock Performance

Shares of MOH stock opened at $286.20 on Tuesday. The company’s fifty day moving average price is $297.96 and its 200-day moving average price is $318.27. The stock has a market cap of $16.37 billion, a PE ratio of 14.01, a price-to-earnings-growth ratio of 0.94 and a beta of 0.54. The company has a current ratio of 1.62, a quick ratio of 1.55 and a debt-to-equity ratio of 0.69. Molina Healthcare, Inc. has a 12 month low of $272.69 and a 12 month high of $423.92.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $5.05 EPS 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%. On average, equities analysts expect that Molina Healthcare, Inc. will post 24.5 EPS for the current fiscal year.

Analyst Ratings Changes

MOH has been the topic of a number of recent analyst reports. UBS Group cut their price target on shares of Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating on the stock in a report on Friday. Truist Financial reduced their price target on Molina Healthcare from $400.00 to $370.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Barclays dropped their price objective on Molina Healthcare from $372.00 to $339.00 and set an “equal weight” rating for the company in a report on Friday. Stephens restated an “equal weight” rating and set a $345.00 target price on shares of Molina Healthcare in a report on Thursday, February 6th. Finally, Robert W. Baird dropped their price target on Molina Healthcare from $405.00 to $331.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Molina Healthcare has a consensus rating of “Hold” and an average price target of $355.67.

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.