National Bank of Canada FI Has $7.80 Million Holdings in Molina Healthcare, Inc. (NYSE:MOH)

National Bank of Canada FI lessened its holdings in shares of Molina Healthcare, Inc. (NYSE:MOH) by 16.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,790 shares of the company’s stock after selling 5,330 shares during the quarter. National Bank of Canada FI’s holdings in Molina Healthcare were worth $7,797,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in MOH. Norges Bank purchased a new position in Molina Healthcare during the fourth quarter valued at approximately $134,675,000. Wellington Management Group LLP grew its holdings in shares of Molina Healthcare by 7.4% during the 4th quarter. Wellington Management Group LLP now owns 2,632,232 shares of the company’s stock valued at $766,111,000 after acquiring an additional 181,073 shares in the last quarter. Los Angeles Capital Management LLC increased its stake in shares of Molina Healthcare by 166.1% in the fourth quarter. Los Angeles Capital Management LLC now owns 196,513 shares of the company’s stock worth $57,195,000 after acquiring an additional 122,674 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Molina Healthcare during the fourth quarter worth $26,091,000. Finally, Victory Capital Management Inc. raised its holdings in shares of Molina Healthcare by 48.9% during the fourth quarter. Victory Capital Management Inc. now owns 141,184 shares of the company’s stock worth $41,092,000 after acquiring an additional 46,350 shares in the last quarter. Institutional investors and hedge funds own 98.50% of the company’s stock.

Insider Activity at Molina Healthcare

In related news, Director Steven J. Orlando sold 1,000 shares of Molina Healthcare stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $301.33, for a total transaction of $301,330.00. Following the sale, the director now directly owns 17,375 shares of the company’s stock, valued at $5,235,608.75. This trade represents a 5.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

MOH has been the topic of several research reports. Stephens reaffirmed an “equal weight” rating and issued a $345.00 target price on shares of Molina Healthcare in a research report on Thursday, February 6th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $350.00 price objective (down previously from $378.00) on shares of Molina Healthcare in a report on Tuesday, December 17th. Truist Financial reduced their target price on shares of Molina Healthcare from $370.00 to $340.00 and set a “buy” rating for the company in a research note on Wednesday, February 19th. Wells Fargo & Company raised shares of Molina Healthcare from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $295.00 to $372.00 in a research report on Wednesday, March 5th. Finally, Barclays cut their price target on shares of Molina Healthcare from $372.00 to $339.00 and set an “equal weight” rating on the stock in a report on Friday, February 7th. Seven research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $348.75.

Molina Healthcare Trading Down 1.7 %

Shares of NYSE:MOH opened at $347.26 on Friday. Molina Healthcare, Inc. has a 52-week low of $262.32 and a 52-week high of $383.58. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.62 and a current ratio of 1.62. The company has a market cap of $18.99 billion, a P/E ratio of 17.00, a P/E/G ratio of 1.06 and a beta of 0.56. The stock’s 50-day moving average is $306.76 and its 200-day moving average is $308.73.

Molina Healthcare (NYSE:MOH) last issued its quarterly earnings results 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%. Equities research analysts predict that Molina Healthcare, Inc. will post 24.4 earnings per share for the current year.

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.