Northern Trust Corp Increases Holdings in Molina Healthcare, Inc. (NYSE:MOH)

Northern Trust Corp lifted its stake in Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 14.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 607,601 shares of the company's stock after buying an additional 78,950 shares during the period. Northern Trust Corp owned approximately 1.06% of Molina Healthcare worth $176,842,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in MOH. Tributary Capital Management LLC raised its stake in Molina Healthcare by 76.1% during the 4th quarter. Tributary Capital Management LLC now owns 4,190 shares of the company's stock worth $1,219,000 after acquiring an additional 1,811 shares during the period. Everence Capital Management Inc. purchased a new position in Molina Healthcare in the fourth quarter valued at about $544,000. Smartleaf Asset Management LLC grew its position in Molina Healthcare by 123.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 347 shares of the company's stock worth $100,000 after purchasing an additional 192 shares during the last quarter. SYM FINANCIAL Corp acquired a new stake in shares of Molina Healthcare in the fourth quarter worth $249,000. Finally, Oddo BHF Asset Management Sas purchased a new stake in Molina Healthcare in the 3rd quarter worth approximately $2,947,000. 98.50% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Molina Healthcare news, Director Steven J. Orlando sold 1,000 shares of the business's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $301.33, for a total value of $301,330.00. Following the transaction, the director now directly owns 17,375 shares in the company, valued at $5,235,608.75. The trade was a 5.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Joseph M. Zubretsky sold 87,500 shares of the firm's stock in a transaction that occurred on Wednesday, April 30th. The stock was sold at an average price of $320.06, for a total transaction of $28,005,250.00. Following the sale, the chief executive officer now owns 257,715 shares of the company's stock, valued at approximately $82,484,262.90. The trade was a 25.35 % decrease in their position. 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 in the last ninety days. 1.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages have recently commented on MOH. Barclays upped their price target on Molina Healthcare from $339.00 to $362.00 and gave the company an "equal weight" rating in a research note on Friday, April 25th. Robert W. Baird reaffirmed a "neutral" rating and set a $375.00 price objective (up from $331.00) on shares of Molina Healthcare in a research note on Tuesday, April 15th. 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. Stephens reiterated an "equal weight" rating and issued a $345.00 price target on shares of Molina Healthcare in a research report on Thursday, February 6th. Finally, Guggenheim initiated coverage on shares of Molina Healthcare in a research note on Wednesday, April 9th. They set a "neutral" rating for the company. Nine research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $365.38.

Molina Healthcare Stock Down 0.8 %

MOH traded down $2.51 during mid-day trading on Tuesday, reaching $317.12. 187,317 shares of the stock were exchanged, compared to its average volume of 676,117. The company has a 50 day moving average price of $322.95 and a two-hundred day moving average price of $307.51. The stock has a market capitalization of $17.19 billion, a PE ratio of 15.55, a price-to-earnings-growth ratio of 1.06 and a beta of 0.63. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.62 and a current ratio of 1.62. Molina Healthcare, Inc. has a 1 year low of $262.32 and a 1 year high of $365.23.

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 analysts' expectations of $10.86 billion. Molina Healthcare had a net margin of 2.90% and a return on equity of 28.13%. The company's quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter last year, the firm earned $5.73 EPS. As a group, research analysts anticipate that Molina Healthcare, Inc. will post 24.4 EPS for the current year.

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.