Legal & General Group Plc Purchases New Stake in Molina Healthcare, Inc $MOH

Legal & General Group Plc acquired a new position in shares of Molina Healthcare, Inc (NYSE:MOH) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 143,510 shares of the company’s stock, valued at approximately $32,821,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Torren Management LLC acquired a new stake in shares of Molina Healthcare during the 4th quarter worth about $26,000. Physician Wealth Advisors Inc. grew its stake in Molina Healthcare by 1,250.0% in the 1st quarter. Physician Wealth Advisors Inc. now owns 216 shares of the company’s stock valued at $29,000 after buying an additional 200 shares during the last quarter. Quarry LP acquired a new position in Molina Healthcare in the 4th quarter valued at about $32,000. SJS Investment Consulting Inc. raised its holdings in Molina Healthcare by 504.9% in the 1st quarter. SJS Investment Consulting Inc. now owns 248 shares of the company’s stock valued at $33,000 after acquiring an additional 207 shares during the period. Finally, Elevation Wealth Partners LLC raised its holdings in Molina Healthcare by 118.2% in the 2nd 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 currently owned by institutional investors and hedge funds.

Molina Healthcare Stock Up 0.6%

Shares of NYSE MOH opened at $200.03 on Friday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.68 and a current ratio of 1.68. Molina Healthcare, Inc has a 52 week low of $121.06 and a 52 week high of $244.89. The stock has a market capitalization of $10.44 billion, a P/E ratio of -1,111.22, a PEG ratio of 28.48 and a beta of 0.75. The stock’s fifty day moving average is $211.49 and its 200 day moving average is $179.63.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings data on Wednesday, July 22nd. The company reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.12. Molina Healthcare had a negative net margin of 0.02% and a positive return on equity of 3.73%. The business had revenue of $10.87 billion during the quarter, compared to analysts’ expectations of $10.83 billion. During the same quarter in the prior year, the business posted $5.48 earnings per share. Molina Healthcare’s revenue was down 4.8% compared to the same quarter last year. Sell-side analysts forecast that Molina Healthcare, Inc will post 5.29 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Weiss Ratings cut Molina Healthcare from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday. Mizuho set a $215.00 target price on Molina Healthcare in a research note on Monday, June 8th. Royal Bank Of Canada dropped their price target on Molina Healthcare from $248.00 to $218.00 and set a “sector perform” rating for the company in a report on Friday, July 24th. Jefferies Financial Group set a $230.00 price target on Molina Healthcare in a research note on Tuesday, July 14th. Finally, Zacks Research lowered Molina Healthcare from a “strong-buy” rating to a “hold” rating in a report on Friday, August 21st. Three analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Molina Healthcare has a consensus rating of “Hold” and an average target price 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.