Sumitomo Mitsui Trust Group Inc. Boosts Stake in Molina Healthcare, Inc. (NYSE:MOH)

Sumitomo Mitsui Trust Group Inc. increased its holdings in Molina Healthcare, Inc. (NYSE:MOH) by 2.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 149,573 shares of the company’s stock after purchasing an additional 3,238 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Molina Healthcare were worth $43,533,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. State Street Corp grew its stake 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 worth $900,787,000 after acquiring an additional 13,001 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Molina Healthcare by 2.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 390,078 shares of the company’s stock worth $134,405,000 after purchasing an additional 10,030 shares during the last quarter. Swiss National Bank boosted its holdings in Molina Healthcare by 0.3% in the third quarter. Swiss National Bank now owns 173,900 shares of the company’s stock worth $59,919,000 after purchasing an additional 500 shares during the last quarter. KBC Group NV grew its position in Molina Healthcare by 14.6% in the 4th quarter. KBC Group NV now owns 125,486 shares of the company’s stock worth $36,522,000 after purchasing an additional 15,993 shares during the period. Finally, National Pension Service raised its stake in Molina Healthcare by 3.7% during the 3rd quarter. National Pension Service now owns 115,645 shares of the company’s stock valued at $39,847,000 after buying an additional 4,087 shares during the last quarter. Hedge funds and other institutional investors own 98.50% of the company’s stock.

Molina Healthcare Price Performance

Shares of NYSE:MOH opened at $286.20 on Tuesday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.55 and a current ratio of 1.62. The firm has a market cap of $16.37 billion, a price-to-earnings ratio of 14.01, a P/E/G ratio of 0.94 and a beta of 0.54. The firm has a fifty day moving average price of $297.96 and a 200 day moving average price of $318.27. Molina Healthcare, Inc. has a fifty-two week low of $272.69 and a fifty-two week high of $423.92.

Molina Healthcare (NYSE:MOH) last released 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 net margin of 2.90% and a return on equity of 28.13%. As a group, sell-side analysts expect that Molina Healthcare, Inc. will post 24.5 earnings per share for the current fiscal year.

Analysts Set New Price Targets

MOH has been the subject of several research analyst reports. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $406.00 price objective on shares of Molina Healthcare in a report on Thursday, October 24th. Wells Fargo & Company lifted their price target on shares of Molina Healthcare from $360.00 to $362.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. Stephens reaffirmed an “equal weight” rating and set a $345.00 price objective on shares of Molina Healthcare in a research report on Thursday, February 6th. StockNews.com lowered shares of Molina Healthcare from a “strong-buy” rating to a “buy” rating in a report on Saturday. Finally, Truist Financial lowered their price target on shares of Molina Healthcare from $400.00 to $370.00 and set a “buy” rating on the stock in a report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $355.67.

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.