MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Sells 1,622 Shares of Molina Healthcare, Inc (NYSE:MOH)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH cut its position in Molina Healthcare, Inc (NYSE:MOH - Free Report) by 23.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,189 shares of the company's stock after selling 1,622 shares during the quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH's holdings in Molina Healthcare were worth $1,709,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of MOH. Savant Capital LLC acquired a new position in shares of Molina Healthcare during the fourth quarter worth approximately $225,000. Valeo Financial Advisors LLC bought a new position in Molina Healthcare during the fourth quarter worth $344,000. State of New Jersey Common Pension Fund D raised its stake in Molina Healthcare by 1.4% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 21,551 shares of the company's stock valued at $6,272,000 after purchasing an additional 307 shares during the last quarter. CIBC Asset Management Inc grew its position in Molina Healthcare by 2.7% in the 4th quarter. CIBC Asset Management Inc now owns 8,765 shares of the company's stock worth $2,551,000 after purchasing an additional 228 shares during the last quarter. Finally, Venturi Wealth Management LLC increased its holdings in shares of Molina Healthcare by 482.4% during the 4th quarter. Venturi Wealth Management LLC now owns 297 shares of the company's stock worth $86,000 after purchasing an additional 246 shares during the period. Institutional investors own 98.50% of the company's stock.

Insider Activity at Molina Healthcare

In other news, CEO Joseph M. Zubretsky sold 87,500 shares of the company's stock in a transaction dated Wednesday, April 30th. The stock was sold at an average price of $320.06, for a total value of $28,005,250.00. Following the completion of the sale, the chief executive officer now directly owns 257,715 shares of the company's stock, valued at $82,484,262.90. This represents a 25.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Richard M. Schapiro sold 669 shares of the company's stock in a transaction that occurred on Tuesday, April 29th. The shares were 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. The trade was a 5.62% decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Wall Street Zen raised Molina Healthcare from a "hold" rating to a "buy" rating in a research report on Friday, April 11th. Barclays reduced their target price on Molina Healthcare from $351.00 to $347.00 and set an "equal weight" rating for the company in a research report on Monday, June 9th. Baird R W lowered shares of Molina Healthcare from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 15th. Guggenheim assumed coverage on shares of Molina Healthcare in a report on Wednesday, April 9th. They set a "neutral" rating for the company. Finally, Sanford C. Bernstein assumed coverage on shares of Molina Healthcare in a research note on Tuesday, April 22nd. They issued an "outperform" rating and a $414.00 target price on the stock. Nine equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $364.21.

Molina Healthcare Trading Up 0.9%

Shares of MOH stock traded up $2.52 on Thursday, reaching $294.92. 636,741 shares of the stock were exchanged, compared to its average volume of 689,022. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.63 and a quick ratio of 1.63. Molina Healthcare, Inc has a one year low of $262.32 and a one year high of $365.23. The stock has a market cap of $15.98 billion, a PE ratio of 14.24, a P/E/G ratio of 0.98 and a beta of 0.56. The stock has a 50 day moving average price of $313.43 and a 200 day moving average price of $307.10.

Molina Healthcare (NYSE:MOH - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $6.08 EPS for the quarter, topping analysts' consensus estimates of $5.96 by $0.12. Molina Healthcare had a return on equity of 28.38% and a net margin of 2.81%. The firm had revenue of $11.15 billion during the quarter, compared to analyst estimates of $10.86 billion. During the same period last year, the company earned $5.73 earnings per share. The company's revenue was up 12.2% on a year-over-year basis. Equities research analysts forecast that Molina Healthcare, Inc will post 24.4 EPS for the current fiscal year.

Molina Healthcare Company 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.