The Manufacturers Life Insurance Company Sells 15,283 Shares of Molina Healthcare, Inc. (NYSE:MOH)

The Manufacturers Life Insurance Company decreased its position in shares of Molina Healthcare, Inc. (NYSE:MOH - Free Report) by 21.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,637 shares of the company's stock after selling 15,283 shares during the quarter. The Manufacturers Life Insurance Company owned 0.10% of Molina Healthcare worth $16,775,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Aquatic Capital Management LLC bought a new position in shares of Molina Healthcare in the fourth quarter worth about $3,716,000. VeriStar Capital Management LP increased its holdings in Molina Healthcare by 7.5% in the 4th quarter. VeriStar Capital Management LP now owns 20,913 shares of the company's stock worth $6,087,000 after purchasing an additional 1,460 shares in the last quarter. Boothbay Fund Management LLC bought a new position in Molina Healthcare in the fourth quarter worth approximately $658,000. Susquehanna Fundamental Investments LLC bought a new position in Molina Healthcare during the fourth quarter valued at about $4,747,000. Finally, Coldstream Capital Management Inc. boosted its holdings in Molina Healthcare by 2.1% in the 4th quarter. Coldstream Capital Management Inc. now owns 2,346 shares of the company's stock valued at $683,000 after purchasing an additional 48 shares during the period. Institutional investors and hedge funds own 98.50% of the company's stock.

Molina Healthcare Stock Performance

Molina Healthcare stock traded down $3.01 during midday trading on Tuesday, hitting $316.62. 435,280 shares of the company were exchanged, compared to its average volume of 678,478. The business has a fifty day simple moving average of $323.41 and a two-hundred day simple moving average of $307.57. Molina Healthcare, Inc. has a fifty-two week low of $262.32 and a fifty-two week high of $365.23. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.62 and a current ratio of 1.62. The firm has a market capitalization of $17.16 billion, a PE ratio of 15.50, a price-to-earnings-growth ratio of 1.06 and a beta of 0.63.

Molina Healthcare (NYSE:MOH - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The company reported $6.08 EPS for the quarter, beating analysts' consensus estimates of $5.96 by $0.12. The business had revenue of $11.15 billion for the quarter, compared to analysts' expectations of $10.86 billion. Molina Healthcare had a net margin of 2.90% and a return on equity of 28.13%. The company's quarterly revenue was up 12.2% on a year-over-year basis. During the same period in the previous year, the company posted $5.73 EPS. On average, sell-side analysts forecast that Molina Healthcare, Inc. will post 24.4 earnings per share for the current year.

Analyst Ratings Changes

MOH has been the topic of several recent analyst reports. Guggenheim started coverage on shares of Molina Healthcare in a research report on Wednesday, April 9th. They set a "neutral" rating on the stock. StockNews.com raised shares of Molina Healthcare from a "hold" rating to a "buy" rating in a research report on Friday, April 11th. Baird R W cut shares of Molina Healthcare from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 15th. Truist Financial lifted their target price on shares of Molina Healthcare from $340.00 to $400.00 and gave the stock a "buy" rating in a research note on Friday, April 11th. Finally, Barclays lifted their price target on Molina Healthcare from $339.00 to $362.00 and gave the stock an "equal weight" rating in a report on Friday, April 25th. Nine equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $365.38.

Insider Buying and Selling

In other Molina Healthcare news, Director Richard M. Schapiro sold 669 shares of Molina Healthcare stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $320.50, for a total transaction of $214,414.50. Following the transaction, the director now directly owns 11,244 shares of the company's stock, valued at approximately $3,603,702. The trade was a 5.62 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Joseph M. Zubretsky sold 87,500 shares of the company's stock in a transaction on Wednesday, April 30th. The shares were sold at an average price of $320.06, for a total value of $28,005,250.00. Following the completion of the transaction, the chief executive officer now owns 257,715 shares of the company's stock, valued at $82,484,262.90. This trade represents a 25.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 89,169 shares of company stock valued at $28,520,995 in the last three months. 1.10% of the stock is currently owned by corporate insiders.

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.