Northwestern Mutual Wealth Management Co. Invests $959,000 in Molina Healthcare, Inc $MOH

Northwestern Mutual Wealth Management Co. bought a new stake in Molina Healthcare, Inc (NYSE:MOH) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 4,195 shares of the company’s stock, valued at approximately $959,000.

Several other hedge funds have also added to or reduced their stakes in the company. Torren Management LLC bought a new stake in Molina Healthcare in the 4th quarter valued at $26,000. Physician Wealth Advisors Inc. increased its position in Molina Healthcare by 1,250.0% during the 1st quarter. Physician Wealth Advisors Inc. now owns 216 shares of the company’s stock worth $29,000 after buying an additional 200 shares during the period. Quarry LP acquired a new stake in shares of Molina Healthcare during the fourth quarter worth $32,000. SJS Investment Consulting Inc. lifted its holdings in shares of Molina Healthcare by 504.9% during the first quarter. SJS Investment Consulting Inc. now owns 248 shares of the company’s stock worth $33,000 after buying an additional 207 shares in the last quarter. Finally, Elevation Wealth Partners LLC boosted its position in shares of Molina Healthcare by 118.2% in the second quarter. Elevation Wealth Partners LLC now owns 144 shares of the company’s stock valued at $33,000 after acquiring an additional 78 shares during the period. 98.50% of the stock is owned by institutional investors and hedge funds.

Molina Healthcare Stock Up 0.6%

NYSE MOH opened at $199.79 on Wednesday. The business has a fifty day moving average price of $211.20 and a two-hundred day moving average price of $178.83. The stock has a market capitalization of $10.43 billion, a PE ratio of -1,109.88, a PEG ratio of 28.44 and a beta of 0.75. Molina Healthcare, Inc has a fifty-two week low of $121.06 and a fifty-two week high of $244.89. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.68 and a quick ratio of 1.68.

Molina Healthcare (NYSE:MOH) last issued its quarterly earnings results on Wednesday, July 22nd. The company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.12. Molina Healthcare had a positive return on equity of 3.73% and a negative net margin of 0.02%.The company had revenue of $10.87 billion for the quarter, compared to analyst estimates of $10.83 billion. During the same quarter last year, the company posted $5.48 EPS. The company’s revenue for the quarter was down 4.8% compared to the same quarter last year. Equities analysts expect that Molina Healthcare, Inc will post 5.29 earnings per share for the current fiscal year.

Analysts Set New Price Targets

MOH has been the topic of several research reports. Jefferies Financial Group set a $230.00 price target on shares of Molina Healthcare in a research note on Tuesday, July 14th. Morgan Stanley boosted their price objective on shares of Molina Healthcare from $146.00 to $167.00 and gave the company an “equal weight” rating in a report on Thursday, June 4th. Truist Financial decreased their target price on shares of Molina Healthcare from $250.00 to $225.00 and set a “hold” rating on the stock in a research report on Friday, July 24th. Weiss Ratings cut shares of Molina Healthcare from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, July 24th. Finally, Mizuho set a $215.00 target price on shares of Molina Healthcare in a report on Monday, June 8th. Three analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Molina Healthcare currently has an average rating of “Hold” and a consensus price target of $202.44.

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.