Daiwa Securities Group Inc. Reduces Stock Holdings in Molina Healthcare, Inc. (NYSE:MOH)

Daiwa Securities Group Inc. lessened its position in Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 10.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,775 shares of the company's stock after selling 3,025 shares during the quarter. Daiwa Securities Group Inc.'s holdings in Molina Healthcare were worth $8,951,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in MOH. Desjardins Global Asset Management Inc. lifted its holdings in Molina Healthcare by 4.4% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 763 shares of the company's stock valued at $276,000 after buying an additional 32 shares in the last quarter. Ritholtz Wealth Management lifted its holdings in Molina Healthcare by 2.1% during the 4th quarter. Ritholtz Wealth Management now owns 1,620 shares of the company's stock valued at $585,000 after buying an additional 33 shares in the last quarter. Captrust Financial Advisors lifted its holdings in Molina Healthcare by 0.5% during the 2nd quarter. Captrust Financial Advisors now owns 6,315 shares of the company's stock valued at $1,766,000 after buying an additional 33 shares in the last quarter. New York Life Investment Management LLC lifted its holdings in Molina Healthcare by 0.4% during the 3rd quarter. New York Life Investment Management LLC now owns 8,495 shares of the company's stock valued at $2,785,000 after buying an additional 36 shares in the last quarter. Finally, Aptus Capital Advisors LLC lifted its holdings in Molina Healthcare by 5.0% during the 3rd quarter. Aptus Capital Advisors LLC now owns 763 shares of the company's stock valued at $250,000 after buying an additional 36 shares in the last quarter. Institutional investors own 98.50% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Barclays assumed coverage on shares of Molina Healthcare in a report on Wednesday, March 6th. They set an "equal weight" rating and a $437.00 price objective for the company. Cantor Fitzgerald reiterated an "overweight" rating and set a $406.00 price objective on shares of Molina Healthcare in a report on Thursday, April 4th. Bank of America lowered shares of Molina Healthcare from a "neutral" rating to an "underperform" rating and set a $439.00 price target for the company. in a report on Thursday, March 28th. StockNews.com lowered shares of Molina Healthcare from a "strong-buy" rating to a "buy" rating in a report on Thursday, February 8th. Finally, Wells Fargo & Company reduced their price target on shares of Molina Healthcare from $440.00 to $410.00 and set an "equal weight" rating for the company in a report on Monday. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Molina Healthcare has an average rating of "Hold" and a consensus target price of $393.09.

Molina Healthcare Stock Up 1.8 %

Shares of Molina Healthcare stock traded up $6.58 on Friday, reaching $367.52. The stock had a trading volume of 420,045 shares, compared to its average volume of 395,240. The company has a 50 day moving average price of $394.33 and a 200 day moving average price of $370.95. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.57. Molina Healthcare, Inc. has a 1 year low of $266.35 and a 1 year high of $423.92. The stock has a market capitalization of $21.53 billion, a P/E ratio of 19.57, a P/E/G ratio of 1.01 and a beta of 0.47.

Molina Healthcare (NYSE:MOH - Get Free Report) last issued its quarterly earnings data on Wednesday, February 7th. The company reported $4.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.31 by $0.07. The firm had revenue of $9.05 billion for the quarter, compared to the consensus estimate of $8.35 billion. Molina Healthcare had a net margin of 3.20% and a return on equity of 32.34%. The company's quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.10 EPS. As a group, equities research analysts forecast that Molina Healthcare, Inc. will post 23.62 EPS for the current year.

Insiders Place Their Bets

In other Molina Healthcare news, Director Richard M. Schapiro sold 1,000 shares of the business's stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $401.05, for a total transaction of $401,050.00. Following the sale, the director now owns 11,207 shares of the company's stock, valued at approximately $4,494,567.35. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, Director Richard M. Schapiro sold 1,000 shares of the company's stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $401.05, for a total value of $401,050.00. Following the sale, the director now directly owns 11,207 shares of the company's stock, valued at approximately $4,494,567.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Mark Lowell Keim sold 15,000 shares of the company's stock in a transaction 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 completion of the sale, the chief financial officer now directly owns 36,531 shares in the company, valued at $14,121,423.36. The disclosure for this sale can be found here. In the last quarter, insiders have sold 16,711 shares of company stock valued at $6,472,517. Insiders own 1.10% of the company's stock.

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.