Intact Investment Management Inc. Trims Stake in Molina Healthcare, Inc. (NYSE:MOH)

Intact Investment Management Inc. reduced its position in Molina Healthcare, Inc. (NYSE:MOH) by 11.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,590 shares of the company’s stock after selling 200 shares during the quarter. Intact Investment Management Inc.’s holdings in Molina Healthcare were worth $548,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Custom Index Systems LLC raised its position in Molina Healthcare by 5.0% in the 2nd quarter. Custom Index Systems LLC now owns 690 shares of the company’s stock worth $205,000 after purchasing an additional 33 shares during the period. AlphaMark Advisors LLC increased its position in shares of Molina Healthcare by 1.1% during the second quarter. AlphaMark Advisors LLC now owns 3,543 shares of the company’s stock worth $1,053,000 after acquiring an additional 40 shares during the period. Oliver Luxxe Assets LLC increased its position in shares of Molina Healthcare by 1.3% during the third quarter. Oliver Luxxe Assets LLC now owns 4,428 shares of the company’s stock worth $1,526,000 after acquiring an additional 55 shares during the period. Arizona State Retirement System increased its position in shares of Molina Healthcare by 0.4% during the second quarter. Arizona State Retirement System now owns 16,092 shares of the company’s stock worth $4,784,000 after acquiring an additional 57 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of Molina Healthcare by 1.0% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 5,942 shares of the company’s stock worth $2,047,000 after acquiring an additional 61 shares during the period. 98.50% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Molina Healthcare

In other Molina Healthcare news, CAO Maurice Hebert sold 393 shares of Molina Healthcare stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $346.52, for a total value of $136,182.36. Following the completion of the transaction, the chief accounting officer now owns 9,473 shares of the company’s stock, valued at approximately $3,282,583.96. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.11% of the stock is owned by corporate insiders.

Molina Healthcare Trading Up 1.2 %

Shares of Molina Healthcare stock opened at $330.66 on Tuesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.54 and a quick ratio of 1.55. The firm has a fifty day moving average price of $332.47 and a 200 day moving average price of $327.62. Molina Healthcare, Inc. has a 1 year low of $272.69 and a 1 year high of $423.92. The stock has a market cap of $18.91 billion, a PE ratio of 16.79, a price-to-earnings-growth ratio of 1.13 and a beta of 0.59.

Molina Healthcare (NYSE:MOH) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $6.01 earnings per share for the quarter, beating analysts’ consensus estimates of $5.96 by $0.05. Molina Healthcare had a net margin of 2.92% and a return on equity of 27.88%. The company had revenue of $10.34 billion during the quarter, compared to analysts’ expectations of $9.92 billion. During the same quarter in the previous year, the company earned $5.05 earnings per share. The firm’s revenue for the quarter was up 21.0% on a year-over-year basis. Equities research analysts predict that Molina Healthcare, Inc. will post 23.44 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on MOH shares. Stephens reiterated an “equal weight” rating and set a $320.00 price objective on shares of Molina Healthcare in a research note on Thursday, July 25th. JPMorgan Chase & Co. dropped their price objective on shares of Molina Healthcare from $420.00 to $395.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 10th. Barclays increased their price objective on shares of Molina Healthcare from $359.00 to $372.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Wells Fargo & Company raised their target price on shares of Molina Healthcare from $360.00 to $362.00 and gave the company an “equal weight” rating in a research note on Monday. Finally, StockNews.com upgraded shares of Molina Healthcare from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. One research analyst has rated the stock with a sell rating, six have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $367.17.

Molina Healthcare 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.