Molina Healthcare (NYSE:MOH) Rating Reiterated by Stephens

Molina Healthcare (NYSE:MOH - Get Free Report)'s stock had its "equal weight" rating reaffirmed by equities research analysts at Stephens in a research note issued to investors on Thursday, Benzinga reports. They presently have a $390.00 price target on the stock. Stephens' price objective would suggest a potential upside of 10.70% from the company's previous close.

MOH has been the subject of a number of other research reports. StockNews.com downgraded shares of Molina Healthcare from a "strong-buy" rating to a "buy" rating in a research report on Thursday, February 8th. Cantor Fitzgerald reissued an "overweight" rating and issued a $406.00 target price on shares of Molina Healthcare in a research note on Thursday, April 4th. Truist Financial lifted their target price on shares of Molina Healthcare from $435.00 to $460.00 and gave the company a "buy" rating in a report on Tuesday, February 20th. Wells Fargo & Company lowered their price target on Molina Healthcare from $440.00 to $410.00 and set an "equal weight" rating for the company in a report on Monday, April 15th. Finally, Bank of America lowered Molina Healthcare from a "neutral" rating to an "underperform" rating and set a $439.00 price objective on the stock. in a research report on Thursday, March 28th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $396.09.

Molina Healthcare Price Performance

Molina Healthcare stock traded down $15.11 during midday trading on Thursday, reaching $352.30. 914,966 shares of the company were exchanged, compared to its average volume of 401,848. The firm's 50-day simple moving average is $392.45 and its 200-day simple moving average is $372.01. Molina Healthcare has a 1 year low of $266.35 and a 1 year high of $423.92. The company has a market capitalization of $20.64 billion, a price-to-earnings ratio of 18.82, a P/E/G ratio of 1.02 and a beta of 0.47. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.54 and a current ratio of 1.54.

Molina Healthcare (NYSE:MOH - Get Free Report) last released its earnings results on Wednesday, April 24th. The company reported $5.73 EPS for the quarter, topping the consensus estimate of $5.46 by $0.27. Molina Healthcare had a net margin of 3.20% and a return on equity of 32.34%. The firm had revenue of $9.93 billion during the quarter, compared to analysts' expectations of $9.45 billion. During the same period in the previous year, the company earned $5.81 EPS. Molina Healthcare's revenue for the quarter was up 21.9% on a year-over-year basis. On average, analysts anticipate that Molina Healthcare will post 23.62 EPS for the current year.

Insider Transactions at Molina Healthcare

In related news, Director Richard M. Schapiro sold 711 shares of the company's stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $384.06, for a total transaction of $273,066.66. Following the sale, the director now directly owns 12,207 shares of the company's stock, valued at approximately $4,688,220.42. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CFO Mark Lowell Keim sold 15,000 shares of the firm's stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $386.56, for a total transaction of $5,798,400.00. Following the transaction, the chief financial officer now owns 36,531 shares in the company, valued at $14,121,423.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard M. Schapiro sold 711 shares of Molina Healthcare stock in a transaction on Monday, February 12th. The shares were sold at an average price of $384.06, for a total value of $273,066.66. Following the transaction, the director now owns 12,207 shares in the company, valued at $4,688,220.42. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 16,711 shares of company stock valued at $6,472,517. Insiders own 1.10% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Deutsche Bank AG raised its position in Molina Healthcare by 1.5% during the third quarter. Deutsche Bank AG now owns 258,441 shares of the company's stock valued at $84,740,000 after acquiring an additional 3,754 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Molina Healthcare by 10.4% during the 3rd quarter. Invesco Ltd. now owns 1,190,161 shares of the company's stock valued at $390,242,000 after purchasing an additional 112,243 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Molina Healthcare by 4,019.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 103,185 shares of the company's stock valued at $37,282,000 after purchasing an additional 100,680 shares during the last quarter. DNB Asset Management AS boosted its holdings in Molina Healthcare by 20.7% in the fourth quarter. DNB Asset Management AS now owns 42,852 shares of the company's stock worth $15,483,000 after purchasing an additional 7,346 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in Molina Healthcare by 0.5% during the third quarter. Principal Financial Group Inc. now owns 74,056 shares of the company's stock worth $24,282,000 after buying an additional 376 shares during the last quarter. 98.50% of the stock is owned by hedge funds and other institutional investors.

About Molina Healthcare

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.