Demars Financial Group LLC Purchases 8,253 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Demars Financial Group LLC raised its holdings in shares of Molina Healthcare, Inc. (NYSE:MOH) by 443.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,115 shares of the company’s stock after acquiring an additional 8,253 shares during the quarter. Molina Healthcare makes up approximately 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 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MOH. Wellington Management Group LLP increased its holdings in Molina Healthcare by 8.3% during the third quarter. Wellington Management Group LLP now owns 3,395,040 shares of the company’s stock worth $1,113,200,000 after buying an additional 259,474 shares during the last quarter. FMR LLC lifted 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 buying an additional 22,583 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Molina Healthcare by 10.4% during the 3rd quarter. Invesco Ltd. now owns 1,190,161 shares of the company’s stock worth $390,242,000 after acquiring an additional 112,243 shares during the period. Northern Trust Corp increased its holdings in shares of Molina Healthcare by 5.6% during the 3rd quarter. Northern Trust Corp now owns 604,431 shares of the company’s stock worth $198,187,000 after acquiring an additional 31,786 shares during the last quarter. Finally, Lord Abbett & CO. LLC increased its holdings 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 worth $154,234,000 after acquiring an additional 104,350 shares during the last quarter. 98.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Truist Financial upped 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. Barclays assumed coverage on shares of Molina Healthcare in a research report on Wednesday, March 6th. They set an “equal weight” rating and a $437.00 price target on the stock. 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 reaffirmed an “overweight” rating and set a $406.00 target price on shares of Molina Healthcare in a report on Thursday, April 4th. Finally, Bank of America cut Molina Healthcare from a “neutral” rating to an “underperform” rating and set a $439.00 price target for the company. in a research note on Thursday, March 28th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $393.09.

Insider Buying and Selling at Molina Healthcare

In related news, CFO Mark Lowell Keim sold 15,000 shares of the business’s stock in a transaction 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 sale, the chief financial officer now owns 36,531 shares in the company, valued at approximately $14,121,423.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Richard M. Schapiro sold 1,000 shares of the 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 completion of the sale, the director now owns 11,207 shares of the company’s stock, valued at $4,494,567.35. The sale was disclosed in a legal filing with the SEC, which is available at this link. 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 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. Insiders have sold 16,711 shares of company stock worth $6,472,517 over the last quarter. Corporate insiders own 1.11% of the company’s stock.

Molina Healthcare Price Performance

Molina Healthcare stock opened at $363.22 on Wednesday. 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, Inc. has a 52 week low of $266.35 and a 52 week high of $423.92. The stock has a market capitalization of $21.28 billion, a P/E ratio of 19.34, a price-to-earnings-growth ratio of 1.01 and a beta of 0.47. The stock has a fifty day moving average of $393.72 and a 200-day moving average of $371.83.

Molina Healthcare (NYSE:MOH) last posted its 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. The firm had revenue of $9.05 billion during the quarter, compared to analysts’ expectations of $8.35 billion. Molina Healthcare had a net margin of 3.20% and a return on equity of 32.34%. The business’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.10 earnings per share. On average, sell-side analysts expect that Molina Healthcare, Inc. will post 23.62 earnings per share for the current fiscal year.

About Molina Healthcare

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.