Illinois Municipal Retirement Fund Has $13.88 Million Stock Position in Molina Healthcare, Inc. (NYSE:MOH)

Illinois Municipal Retirement Fund raised its stake in shares of Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 7.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 38,417 shares of the company's stock after acquiring an additional 2,826 shares during the quarter. Illinois Municipal Retirement Fund owned approximately 0.07% of Molina Healthcare worth $13,880,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Annis Gardner Whiting Capital Advisors LLC bought a new position in Molina Healthcare during the 3rd quarter valued at $30,000. VisionPoint Advisory Group LLC boosted its stake in Molina Healthcare by 105.6% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 111 shares of the company's stock valued at $36,000 after acquiring an additional 57 shares during the last quarter. Raleigh Capital Management Inc. boosted its stake in Molina Healthcare by 40.4% during the 3rd quarter. Raleigh Capital Management Inc. now owns 125 shares of the company's stock valued at $41,000 after acquiring an additional 36 shares during the last quarter. Householder Group Estate & Retirement Specialist LLC raised its holdings in shares of Molina Healthcare by 3,933.3% during the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 121 shares of the company's stock worth $43,000 after purchasing an additional 118 shares during the period. Finally, Friedenthal Financial acquired a new stake in shares of Molina Healthcare during the fourth quarter worth $43,000. 98.50% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

MOH has been the topic of a number of recent research reports. Bank of America downgraded shares of Molina Healthcare from a "neutral" rating to an "underperform" rating and set a $439.00 price target on the stock. in a research report on Thursday, March 28th. Barclays initiated coverage on shares of Molina Healthcare in a research report on Wednesday, March 6th. They issued an "equal weight" rating and a $437.00 price target on the stock. Cantor Fitzgerald restated an "overweight" rating and issued a $406.00 price target on shares of Molina Healthcare in a research report on Thursday, April 4th. Truist Financial raised their price target on shares of Molina Healthcare from $435.00 to $460.00 and gave the stock a "buy" rating in a research report on Tuesday, February 20th. Finally, StockNews.com downgraded shares of Molina Healthcare from a "strong-buy" rating to a "buy" rating in a research report on Thursday, February 8th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Molina Healthcare has an average rating of "Hold" and an average price target of $393.09.

Molina Healthcare Price Performance

Shares of MOH stock traded up $1.35 during midday trading on Tuesday, reaching $363.22. 362,666 shares of the company were exchanged, compared to its average volume of 394,503. Molina Healthcare, Inc. has a 12 month low of $266.35 and a 12 month high of $423.92. The company has a market cap of $21.28 billion, a P/E ratio of 19.30, a PEG ratio of 1.03 and a beta of 0.47. The company's 50 day moving average price is $393.72 and its two-hundred day moving average price is $371.83. 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 quarterly earnings results on Wednesday, February 7th. The company reported $4.38 EPS for the quarter, topping analysts' consensus estimates of $4.31 by $0.07. Molina Healthcare had a net margin of 3.20% and a return on equity of 32.34%. The company had revenue of $9.05 billion for the quarter, compared to the consensus estimate of $8.35 billion. During the same period in the previous year, the firm earned $4.10 EPS. Molina Healthcare's revenue was up 10.0% on a year-over-year basis. On average, sell-side analysts expect that Molina Healthcare, Inc. will post 23.62 earnings per share for the current year.

Insider Transactions at Molina Healthcare

In other news, CFO Mark Lowell Keim sold 15,000 shares of Molina Healthcare stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $386.56, for a total value of $5,798,400.00. Following the transaction, the chief financial officer now owns 36,531 shares of the company's stock, valued at approximately $14,121,423.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Richard M. Schapiro sold 1,000 shares of Molina Healthcare stock in a transaction that occurred 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 transaction, the director now owns 11,207 shares of the company's stock, valued at approximately $4,494,567.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Mark Lowell Keim sold 15,000 shares of Molina Healthcare stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $386.56, for a total transaction of $5,798,400.00. Following the completion of the transaction, the chief financial officer now directly owns 36,531 shares in the company, valued at approximately $14,121,423.36. The disclosure for this sale can be found here. Insiders have sold 16,711 shares of company stock valued at $6,472,517 in the last quarter. Insiders own 1.11% of the company's stock.

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.