Molina Healthcare (NYSE:MOH) Price Target Lowered to $410.00 at Wells Fargo & Company

Molina Healthcare (NYSE:MOH) had its price objective trimmed by Wells Fargo & Company from $440.00 to $410.00 in a report published on Monday morning, Benzinga reports. The firm currently has an equal weight rating on the stock.

A number of other brokerages have also issued reports on MOH. Truist Financial increased their target price on shares of Molina Healthcare from $435.00 to $460.00 and gave the company a buy rating in a research report on Tuesday, February 20th. Barclays assumed coverage on shares of Molina Healthcare in a research report on Wednesday, March 6th. They issued an equal weight rating and a $437.00 target price for the company. UBS Group increased their target price on shares of Molina Healthcare from $350.00 to $380.00 and gave the company a neutral rating in a research report on Thursday, December 21st. StockNews.com lowered shares of Molina Healthcare from a strong-buy rating to a buy rating in a research report on Thursday, February 8th. Finally, Bank of America lowered shares of Molina Healthcare from a neutral rating to an underperform rating and set a $439.00 target price for the company. in a research report on Thursday, March 28th. 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 company. According to MarketBeat.com, the company presently has an average rating of Hold and an average price target of $393.09.

Molina Healthcare Stock Up 0.3 %

Molina Healthcare stock opened at $360.84 on Monday. The company has a 50-day simple moving average of $394.75 and a 200-day simple moving average of $370.71. The firm has a market capitalization of $21.14 billion, a P/E ratio of 19.21, a P/E/G ratio of 1.00 and a beta of 0.47. 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 has a one year low of $266.35 and a one year high of $423.92.

Molina Healthcare (NYSE:MOH) last released its quarterly earnings results on Wednesday, February 7th. The company reported $4.38 EPS for the quarter, topping the consensus estimate of $4.31 by $0.07. The business had revenue of $9.05 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.10 earnings per share. As a group, equities analysts expect that Molina Healthcare will post 23.62 earnings per share for the current year.

Insider Buying and Selling at Molina Healthcare

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

Institutional Trading of Molina Healthcare

A number of hedge funds have recently made changes to their positions in MOH. Profund Advisors LLC increased its holdings in Molina Healthcare by 3.1% in the fourth quarter. Profund Advisors LLC now owns 933 shares of the company’s stock worth $337,000 after buying an additional 28 shares during the last quarter. Desjardins Global Asset Management Inc. increased its holdings in Molina Healthcare by 4.4% in the fourth quarter. Desjardins Global Asset Management Inc. now owns 763 shares of the company’s stock worth $276,000 after buying an additional 32 shares during the last quarter. Ritholtz Wealth Management increased its holdings in Molina Healthcare by 2.1% in the fourth quarter. Ritholtz Wealth Management now owns 1,620 shares of the company’s stock worth $585,000 after buying an additional 33 shares during the last quarter. Captrust Financial Advisors increased its holdings in Molina Healthcare by 0.5% in the second quarter. Captrust Financial Advisors now owns 6,315 shares of the company’s stock worth $1,766,000 after buying an additional 33 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in Molina Healthcare by 11.5% in the first quarter. GAMMA Investing LLC now owns 330 shares of the company’s stock worth $136,000 after buying an additional 34 shares during the last quarter. 98.50% of the stock is owned by hedge funds and other institutional investors.

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.