Royal Bank of Canada Has $30.77 Million Stock Holdings in Molina Healthcare, Inc. (NYSE:MOH)

Royal Bank of Canada raised its stake in Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 18.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 105,719 shares of the company's stock after purchasing an additional 16,360 shares during the period. Royal Bank of Canada owned 0.18% of Molina Healthcare worth $30,770,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of MOH. Colonial Trust Co SC boosted its stake in Molina Healthcare by 930.0% during the 4th quarter. Colonial Trust Co SC now owns 103 shares of the company's stock valued at $30,000 after purchasing an additional 93 shares during the period. Wingate Wealth Advisors Inc. acquired a new position in Molina Healthcare during the 4th quarter valued at about $52,000. Hurley Capital LLC acquired a new position in Molina Healthcare during the 4th quarter valued at about $55,000. EverSource Wealth Advisors LLC boosted its stake in Molina Healthcare by 81.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 196 shares of the company's stock valued at $57,000 after purchasing an additional 88 shares during the period. Finally, Harvest Fund Management Co. Ltd lifted its stake in shares of Molina Healthcare by 895.0% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 199 shares of the company's stock worth $58,000 after acquiring an additional 179 shares during the period. Institutional investors own 98.50% of the company's stock.

Insiders Place Their Bets

In other Molina Healthcare news, Director Richard M. Schapiro sold 669 shares of the company's stock in a transaction dated 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 in the company, valued at $3,603,702. This represents a 5.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Steven J. Orlando sold 1,000 shares of the company's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $301.33, for a total transaction of $301,330.00. Following the sale, the director now 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 have sold 89,169 shares of company stock valued at $28,520,995 over the last three months. 1.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

MOH has been the subject of a number of research analyst reports. Robert W. Baird reaffirmed a "neutral" rating and issued a $375.00 price target (up from $331.00) on shares of Molina Healthcare in a research note on Tuesday, April 15th. Wall Street Zen raised shares of Molina Healthcare from a "hold" rating to a "buy" rating in a research note on Friday, April 11th. Baird R W lowered shares of Molina Healthcare from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 15th. Mizuho upped their price target on shares of Molina Healthcare from $376.00 to $400.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 9th. Finally, Wells Fargo & Company raised shares of Molina Healthcare from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $295.00 to $372.00 in a research note on Wednesday, March 5th. Nine investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $365.38.

Molina Healthcare Stock Up 0.8%

Molina Healthcare stock traded up $2.57 during mid-day trading on Tuesday, hitting $307.80. 423,812 shares of the company's stock were exchanged, compared to its average volume of 692,698. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.69. The stock has a market cap of $16.68 billion, a P/E ratio of 15.07, a P/E/G ratio of 1.06 and a beta of 0.63. Molina Healthcare, Inc. has a 1-year low of $262.32 and a 1-year high of $365.23. The stock has a 50 day moving average of $324.25 and a two-hundred day moving average of $307.58.

Molina Healthcare (NYSE:MOH - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The company reported $6.08 EPS for the quarter, topping the consensus estimate of $5.96 by $0.12. The firm had revenue of $11.15 billion for the quarter, compared to the consensus estimate of $10.86 billion. Molina Healthcare had a net margin of 2.90% and a return on equity of 28.13%. The business's quarterly revenue was up 12.2% on a year-over-year basis. During the same period in the prior year, the business posted $5.73 earnings per share. As a group, analysts anticipate 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.