Demars Financial Group LLC Grows Stock Position in Molina Healthcare, Inc. (NYSE:MOH)

Demars Financial Group LLC raised its stake in Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 443.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,115 shares of the company's stock after acquiring an additional 8,253 shares during the quarter. Molina Healthcare makes up 2.0% of Demars Financial Group LLC's holdings, making the stock its 10th biggest position. Demars Financial Group LLC's holdings in Molina Healthcare were worth $3,655,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the stock. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in Molina Healthcare during the 3rd quarter valued at $30,000. VisionPoint Advisory Group LLC lifted its position in shares of Molina Healthcare by 105.6% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 111 shares of the company's stock worth $36,000 after purchasing an additional 57 shares during the period. Friedenthal Financial purchased a new position in Molina Healthcare during the 4th quarter valued at about $43,000. Householder Group Estate & Retirement Specialist LLC grew its stake in shares of Molina Healthcare by 3,933.3% in the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 121 shares of the company's stock worth $43,000 after acquiring an additional 118 shares during the period. Finally, Raleigh Capital Management Inc. lifted its holdings in Molina Healthcare by 40.4% during the third quarter. Raleigh Capital Management Inc. now owns 125 shares of the company's stock valued at $41,000 after purchasing an additional 36 shares in the last quarter. Institutional investors own 98.50% of the company's stock.

Wall Street Analysts Forecast Growth

MOH has been the subject of a number of research reports. Barclays started coverage on shares of Molina Healthcare in a research note on Wednesday, March 6th. They issued an "equal weight" rating and a $437.00 price objective for the company. StockNews.com downgraded shares of Molina Healthcare from a "strong-buy" rating to a "buy" rating in a report on Thursday, February 8th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $406.00 price target on shares of Molina Healthcare in a report on Thursday, April 4th. Wells Fargo & Company cut their price target on shares of Molina Healthcare from $440.00 to $410.00 and set an "equal weight" rating on the stock in a report on Monday, April 15th. Finally, Truist Financial increased their target price on Molina Healthcare from $435.00 to $460.00 and gave the company a "buy" rating in a research report on Tuesday, February 20th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $393.09.

Insiders Place Their Bets

In other Molina Healthcare news, CFO Mark Lowell Keim sold 15,000 shares of the firm's stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $386.56, for a total value of $5,798,400.00. Following the sale, the chief financial officer now directly 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 SEC, which can be accessed through this link. In other news, Director Richard M. Schapiro sold 1,000 shares of Molina Healthcare stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $401.05, for a total value of $401,050.00. Following the transaction, 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 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 dated 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 completion of the transaction, 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 ninety days, insiders have sold 16,711 shares of company stock valued at $6,472,517. Insiders own 1.11% of the company's stock.

Molina Healthcare Price Performance

NYSE:MOH traded up $4.40 during trading hours on Wednesday, hitting $367.62. The company's stock had a trading volume of 461,136 shares, compared to its average volume of 395,346. Molina Healthcare, Inc. has a 52-week low of $266.35 and a 52-week high of $423.92. The company has a market capitalization of $21.54 billion, a PE ratio of 19.58, a PEG ratio of 1.01 and a beta of 0.47. The business's 50-day moving average is $393.09 and its two-hundred day moving average is $372.04. 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 announced its quarterly earnings results on Wednesday, February 7th. The company reported $4.38 earnings per share for the quarter, beating analysts' consensus estimates of $4.31 by $0.07. Molina Healthcare had a return on equity of 32.34% and a net margin of 3.20%. The business had revenue of $9.05 billion during the quarter, compared to analysts' expectations of $8.35 billion. During the same quarter last year, the business posted $4.10 earnings per share. The business's revenue for the quarter was up 10.0% on a year-over-year basis. As a group, research analysts anticipate that Molina Healthcare, Inc. will post 23.62 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.