Jefferies Financial Group Inc. Purchases 21,303 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Jefferies Financial Group Inc. increased its stake in shares of Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 213.6% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 31,276 shares of the company's stock after acquiring an additional 21,303 shares during the period. Jefferies Financial Group Inc. owned approximately 0.06% of Molina Healthcare worth $9,103,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Colonial Trust Co SC increased its holdings in Molina Healthcare by 930.0% during the 4th quarter. Colonial Trust Co SC now owns 103 shares of the company's stock worth $30,000 after purchasing an additional 93 shares during the last quarter. Wingate Wealth Advisors Inc. purchased a new stake in Molina Healthcare during the 4th quarter worth approximately $52,000. Hurley Capital LLC purchased a new stake in Molina Healthcare during the 4th quarter worth approximately $55,000. EverSource Wealth Advisors LLC increased its holdings in Molina Healthcare by 81.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 196 shares of the company's stock worth $57,000 after purchasing an additional 88 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in Molina Healthcare by 337.0% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 201 shares of the company's stock worth $58,000 after purchasing an additional 155 shares during the last quarter. 98.50% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Richard M. Schapiro sold 669 shares of the firm's stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $320.50, for a total transaction of $214,414.50. Following the completion of the sale, the director now directly owns 11,244 shares of the company's stock, valued at $3,603,702. This trade represents a 5.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Steven J. Orlando sold 1,000 shares of the firm's 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 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 disclosure for this sale can be found here. Insiders sold a total of 89,169 shares of company stock valued at $28,520,995 over the last three months. Insiders own 1.10% of the company's stock.

Molina Healthcare Trading Up 0.8%

Shares of NYSE MOH traded up $2.42 during mid-day trading on Thursday, hitting $303.75. 382,088 shares of the company traded hands, compared to its average volume of 686,899. Molina Healthcare, Inc. has a 1 year low of $262.32 and a 1 year high of $365.23. The stock has a market capitalization of $16.46 billion, a price-to-earnings ratio of 14.87, a PEG ratio of 1.06 and a beta of 0.63. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.69. The business has a 50 day moving average of $323.73 and a two-hundred day moving average of $307.36.

Molina Healthcare (NYSE:MOH - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The company reported $6.08 EPS for the quarter, beating the consensus estimate of $5.96 by $0.12. Molina Healthcare had a return on equity of 28.13% and a net margin of 2.90%. The business had revenue of $11.15 billion during the quarter, compared to the consensus estimate of $10.86 billion. During the same period in the prior year, the business posted $5.73 earnings per share. Molina Healthcare's revenue was up 12.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Molina Healthcare, Inc. will post 24.4 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on MOH shares. Baird R W downgraded Molina Healthcare from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 15th. Truist Financial boosted their price target on Molina Healthcare from $340.00 to $400.00 and gave the company a "buy" rating in a report on Friday, April 11th. Mizuho boosted their price target on Molina Healthcare from $376.00 to $400.00 and gave the company an "outperform" rating in a report on Wednesday, April 9th. UBS Group lowered their price target on Molina Healthcare from $374.00 to $325.00 and set a "neutral" rating for the company in a report on Friday, February 7th. Finally, Robert W. Baird reiterated a "neutral" rating and issued a $375.00 price target (up from $331.00) on shares of Molina Healthcare in a report on Tuesday, April 15th. Nine equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $365.38.

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.