Skandinaviska Enskilda Banken AB publ Buys 59 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Skandinaviska Enskilda Banken AB publ raised its stake in Molina Healthcare, Inc. (NYSE:MOH) by 0.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 43,761 shares of the company’s stock after buying an additional 59 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Molina Healthcare were worth $12,664,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp raised its position in shares of Molina Healthcare by 0.5% in the 3rd quarter. State Street Corp now owns 2,614,311 shares of the company’s stock valued at $900,787,000 after acquiring an additional 13,001 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Molina Healthcare by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 400,080 shares of the company’s stock worth $116,443,000 after purchasing an additional 10,002 shares during the period. Los Angeles Capital Management LLC boosted its position in shares of Molina Healthcare by 166.1% during the fourth quarter. Los Angeles Capital Management LLC now owns 196,513 shares of the company’s stock worth $57,195,000 after purchasing an additional 122,674 shares in the last quarter. Swiss National Bank grew its holdings in shares of Molina Healthcare by 0.3% in the 3rd quarter. Swiss National Bank now owns 173,900 shares of the company’s stock valued at $59,919,000 after buying an additional 500 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. increased its position in shares of Molina Healthcare by 2.2% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 149,573 shares of the company’s stock valued at $43,533,000 after buying an additional 3,238 shares in the last quarter. Institutional investors own 98.50% of the company’s stock.

Wall Street Analysts Forecast Growth

MOH has been the topic of several recent analyst reports. Stephens reiterated an “equal weight” rating and set a $345.00 target price on shares of Molina Healthcare in a report on Thursday, February 6th. Wells Fargo & Company upgraded Molina Healthcare from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $295.00 to $372.00 in a research report on Wednesday, March 5th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $350.00 target price (down from $378.00) on shares of Molina Healthcare in a research note on Tuesday, December 17th. StockNews.com cut shares of Molina Healthcare from a “buy” rating to a “hold” rating in a report on Monday, March 10th. Finally, Barclays dropped their price objective on shares of Molina Healthcare from $372.00 to $339.00 and set an “equal weight” rating on the stock in a report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $355.69.

Insider Activity at Molina Healthcare

In other Molina Healthcare news, Director Steven J. Orlando sold 1,000 shares of the company’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $301.33, for a total transaction of $301,330.00. Following the sale, the director now directly owns 17,375 shares of the company’s stock, valued at approximately $5,235,608.75. This represents a 5.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.11% of the stock is owned by company insiders.

Molina Healthcare Trading Down 0.8 %

Molina Healthcare stock opened at $308.51 on Friday. The company has a market cap of $17.12 billion, a price-to-earnings ratio of 15.10, a P/E/G ratio of 1.06 and a beta of 0.56. The firm has a 50-day moving average of $297.78 and a 200-day moving average of $311.20. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.62 and a quick ratio of 1.62. Molina Healthcare, Inc. has a one year low of $262.32 and a one year high of $423.92.

Molina Healthcare (NYSE:MOH) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $5.05 EPS for the quarter, missing the consensus estimate of $5.74 by ($0.69). Molina Healthcare had a net margin of 2.90% and a return on equity of 28.13%. On average, equities analysts expect that Molina Healthcare, Inc. will post 24.4 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.