Molina Healthcare, Inc $MOH Stake Trimmed by The Manufacturers Life Insurance Company

Key Points

• The Manufacturers Life Insurance Company cut its Molina Healthcare stake by 85.2% in the first quarter, leaving it with 22,896 shares valued at approximately $3.05 million. Institutional investors and hedge funds collectively own 98.5% of MOH.
• Insider selling continued as Jeff D. Barlow sold 17,811 shares worth about $3.31 million and Chief Accounting Officer Maurice Hebert sold 600 shares for $114,930. Insiders now own 1.44% of the company.
• Analyst sentiment remains cautious, with an overall “Hold” rating and an average price target of $202.44. Molina’s latest quarterly results beat estimates, reporting $1.51 in adjusted EPS and $10.87 billion in revenue, though revenue declined 4.8% year over year.

The Manufacturers Life Insurance Company reduced its position in Molina Healthcare, Inc (NYSE:MOH - Free Report) by 85.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,896 shares of the company's stock after selling 131,664 shares during the period. The Manufacturers Life Insurance Company's holdings in Molina Healthcare were worth $3,052,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. ARGA Investment Management LP raised its stake in Molina Healthcare by 1.4% during the first quarter. ARGA Investment Management LP now owns 4,166 shares of the company's stock valued at $555,000 after purchasing an additional 59 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Molina Healthcare by 23.8% in the 4th quarter. Blue Trust Inc. now owns 322 shares of the company's stock worth $56,000 after buying an additional 62 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its stake in shares of Molina Healthcare by 64.5% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 232 shares of the company's stock worth $40,000 after buying an additional 91 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Molina Healthcare by 0.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,668 shares of the company's stock worth $2,616,000 after buying an additional 92 shares during the last quarter. Finally, Public Employees Retirement System of Ohio raised its position in shares of Molina Healthcare by 0.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 16,753 shares of the company's stock valued at $3,206,000 after buying an additional 104 shares in the last quarter. Institutional investors and hedge funds own 98.50% of the company's stock.

Insiders Place Their Bets

In other Molina Healthcare news, insider Jeff D. Barlow sold 17,811 shares of the company's stock in a transaction on Monday, May 11th. The stock was sold at an average price of $186.12, for a total value of $3,314,983.32. Following the transaction, the insider owned 67,175 shares of the company's stock, valued at $12,502,611. This represents a 20.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Maurice Hebert sold 600 shares of the stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $191.55, for a total value of $114,930.00. Following the completion of the sale, the chief accounting officer owned 12,815 shares in the company, valued at approximately $2,454,713.25. The trade was a 4.47% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.44% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms recently commented on MOH. UBS Group lifted their price target on Molina Healthcare from $180.00 to $202.00 and gave the stock a "neutral" rating in a research report on Friday, May 22nd. Jefferies Financial Group set a $230.00 price objective on Molina Healthcare in a research report on Tuesday, July 14th. Morgan Stanley raised their price objective on Molina Healthcare from $146.00 to $167.00 and gave the company an "equal weight" rating in a research note on Thursday, June 4th. Barclays cut their target price on Molina Healthcare from $184.00 to $180.00 and set an "underweight" rating on the stock in a research report on Friday, July 24th. Finally, Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $129.00 price target on shares of Molina Healthcare in a report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Molina Healthcare currently has an average rating of "Hold" and an average price target of $202.44.

Molina Healthcare Stock Up 2.5%

Shares of NYSE MOH opened at $196.65 on Friday. Molina Healthcare, Inc has a 1 year low of $121.06 and a 1 year high of $244.89. The firm has a 50-day simple moving average of $209.25 and a two-hundred day simple moving average of $177.81. The company has a market cap of $10.27 billion, a P/E ratio of -1,092.43, a PEG ratio of 27.49 and a beta of 0.75. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.68 and a quick ratio of 1.68.

Molina Healthcare (NYSE:MOH - Get Free Report) last released its earnings results on Wednesday, July 22nd. The company reported $1.51 EPS for the quarter, beating analysts' consensus estimates of $1.39 by $0.12. Molina Healthcare had a positive return on equity of 3.73% and a negative net margin of 0.02%.The firm had revenue of $10.87 billion for the quarter, compared to analysts' expectations of $10.83 billion. During the same quarter in the prior year, the firm posted $5.48 earnings per share. The company's quarterly revenue was down 4.8% on a year-over-year basis. Research analysts anticipate that Molina Healthcare, Inc will post 5.29 earnings per share for the current year.

Molina Healthcare Company Profile

Molina Healthcare, Inc is a managed care company specializing in government-sponsored health insurance programs. The company offers Medicaid managed care plans, Medicare Advantage and prescription drug plans, and individual Marketplace plans under the Affordable Care Act. Through an integrated care model, Molina emphasizes preventive and primary care services, care coordination, and disease management to improve health outcomes for its members.

The company traces its roots to the early 1980s, when Dr.

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