National Pension Service Has $4.47 Million Holdings in Molina Healthcare, Inc $MOH

National Pension Service increased its holdings in shares of Molina Healthcare, Inc (NYSE:MOH) by 24.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,372 shares of the company’s stock after acquiring an additional 4,534 shares during the period. National Pension Service’s holdings in Molina Healthcare were worth $4,472,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. New York State Common Retirement Fund lifted its holdings in Molina Healthcare by 35.9% during the 3rd quarter. New York State Common Retirement Fund now owns 139,557 shares of the company’s stock worth $26,706,000 after buying an additional 36,831 shares in the last quarter. Merit Financial Group LLC raised its position in shares of Molina Healthcare by 289.3% during the third quarter. Merit Financial Group LLC now owns 11,735 shares of the company’s stock worth $2,246,000 after acquiring an additional 8,721 shares during the last quarter. Gibraltar Capital Management Inc. bought a new stake in shares of Molina Healthcare during the third quarter worth $6,709,000. Cerity Partners LLC lifted its stake in shares of Molina Healthcare by 245.3% during the third quarter. Cerity Partners LLC now owns 80,608 shares of the company’s stock valued at $15,425,000 after acquiring an additional 57,266 shares during the period. Finally, Brighton Jones LLC boosted its holdings in Molina Healthcare by 189.5% in the third quarter. Brighton Jones LLC now owns 13,148 shares of the company’s stock valued at $2,516,000 after acquiring an additional 8,607 shares during the last quarter. Institutional investors own 98.50% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on MOH. Morgan Stanley set a $158.00 price objective on Molina Healthcare in a research report on Friday, October 24th. Wall Street Zen cut shares of Molina Healthcare from a “hold” rating to a “sell” rating in a research report on Saturday, October 25th. Jefferies Financial Group set a $160.00 price objective on shares of Molina Healthcare in a report on Tuesday, December 16th. Mizuho set a $220.00 price objective on shares of Molina Healthcare in a research note on Friday, January 9th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Molina Healthcare in a research report on Thursday, January 22nd. Three analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $193.47.

Insider Activity

In related news, Director Richard M. Schapiro sold 357 shares of the stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $143.02, for a total transaction of $51,058.14. Following the completion of the sale, the director directly owned 11,352 shares of the company’s stock, valued at approximately $1,623,563.04. This represents a 3.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.26% of the company’s stock.

Molina Healthcare Stock Down 0.0%

Shares of Molina Healthcare stock opened at $181.16 on Wednesday. Molina Healthcare, Inc has a 1 year low of $133.40 and a 1 year high of $359.97. The business has a 50-day moving average of $172.39 and a two-hundred day moving average of $171.12. The company has a market capitalization of $9.82 billion, a P/E ratio of 11.22 and a beta of 0.49. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.68 and a quick ratio of 1.68.

Molina Healthcare Profile

Molina Healthcare, Inc is a managed care company specializing in government-sponsored health insurance programs. The company offers Medicaid managed care plans, Medicare Advantage and prescription drug plans, and individual Marketplace plans under the Affordable Care Act. Through an integrated care model, Molina emphasizes preventive and primary care services, care coordination, and disease management to improve health outcomes for its members.

The company traces its roots to the early 1980s, when Dr.