Russell Investments Group Ltd. Boosts Stock Holdings in Molina Healthcare, Inc. (NYSE:MOH)

Russell Investments Group Ltd. increased its holdings in Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 18.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 93,582 shares of the company's stock after purchasing an additional 14,856 shares during the quarter. Russell Investments Group Ltd. owned 0.16% of Molina Healthcare worth $33,741,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Wellington Management Group LLP increased its position in shares of Molina Healthcare by 8.3% in the third quarter. Wellington Management Group LLP now owns 3,395,040 shares of the company's stock valued at $1,113,200,000 after acquiring an additional 259,474 shares during the period. FMR LLC increased its position in shares of Molina Healthcare by 1.0% in the third quarter. FMR LLC now owns 2,175,796 shares of the company's stock valued at $713,422,000 after acquiring an additional 22,583 shares during the period. Invesco Ltd. increased its position in shares of Molina Healthcare by 10.4% in the third quarter. Invesco Ltd. now owns 1,190,161 shares of the company's stock valued at $390,242,000 after acquiring an additional 112,243 shares during the period. Northern Trust Corp increased its position in shares of Molina Healthcare by 5.6% in the third quarter. Northern Trust Corp now owns 604,431 shares of the company's stock valued at $198,187,000 after acquiring an additional 31,786 shares during the period. Finally, Lord Abbett & CO. LLC boosted its stake in shares of Molina Healthcare by 28.5% during the 3rd quarter. Lord Abbett & CO. LLC now owns 470,386 shares of the company's stock valued at $154,234,000 after purchasing an additional 104,350 shares in the last quarter. Hedge funds and other institutional investors own 98.50% of the company's stock.

Insider Buying and Selling

In related news, Director Richard M. Schapiro sold 711 shares of the company's stock in a transaction on Monday, February 12th. The shares were sold at an average price of $384.06, for a total transaction of $273,066.66. Following the completion of the transaction, the director now owns 12,207 shares in the company, valued at $4,688,220.42. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Molina Healthcare news, Director Richard M. Schapiro sold 711 shares of the stock in a transaction on Monday, February 12th. The shares were sold at an average price of $384.06, for a total transaction of $273,066.66. Following the completion of the transaction, the director now owns 12,207 shares in the company, valued at $4,688,220.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Mark Lowell Keim sold 15,000 shares of the 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 transaction, the chief financial officer now owns 36,531 shares of the company's stock, valued at approximately $14,121,423.36. The disclosure for this sale can be found here. Over the last quarter, insiders sold 16,711 shares of company stock worth $6,472,517. 1.11% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on MOH shares. TD Cowen cut their target price on shares of Molina Healthcare from $453.00 to $412.00 and set a "buy" rating on the stock in a research note on Tuesday. 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 research note on Tuesday, February 20th. Stephens reaffirmed an "equal weight" rating and set a $390.00 target price on shares of Molina Healthcare in a research note on Thursday, April 25th. Bank of America lowered shares of Molina Healthcare from a "neutral" rating to an "underperform" rating and set a $439.00 target price on the stock. in a research note on Thursday, March 28th. Finally, StockNews.com lowered shares of Molina Healthcare from a "strong-buy" rating to a "buy" rating in a research note on Thursday, February 8th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned 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 $398.55.

Molina Healthcare Stock Performance

Shares of MOH traded down $3.23 during mid-day trading on Wednesday, hitting $338.87. 404,580 shares of the company traded hands, compared to its average volume of 402,970. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.49 and a current ratio of 1.49. The stock has a 50-day moving average price of $386.79 and a two-hundred day moving average price of $372.10. Molina Healthcare, Inc. has a 1 year low of $266.35 and a 1 year high of $423.92. The stock has a market cap of $19.86 billion, a price-to-earnings ratio of 18.39, a P/E/G ratio of 0.97 and a beta of 0.47.

Molina Healthcare (NYSE:MOH - Get Free Report) last released its quarterly earnings data on Wednesday, April 24th. The company reported $5.73 earnings per share for the quarter, beating the consensus estimate of $5.46 by $0.27. Molina Healthcare had a net margin of 2.99% and a return on equity of 29.86%. 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 earnings per share. The firm's quarterly revenue was up 21.9% on a year-over-year basis. Equities analysts anticipate that Molina Healthcare, Inc. will post 23.59 earnings per share for the current 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.