Tokio Marine Asset Management Co. Ltd. Raises Stock Holdings in Molina Healthcare, Inc. (NYSE:MOH)

Tokio Marine Asset Management Co. Ltd. raised its position in shares of Molina Healthcare, Inc. (NYSE:MOH) by 3.5% during the 3rd quarter, Holdings Channel reports. The firm owned 1,705 shares of the company’s stock after buying an additional 57 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Molina Healthcare were worth $587,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of MOH. CWM LLC boosted its position in Molina Healthcare by 76.2% in the third quarter. CWM LLC now owns 4,001 shares of the company’s stock valued at $1,379,000 after buying an additional 1,730 shares during the last quarter. Cetera Investment Advisers boosted its holdings in shares of Molina Healthcare by 516.4% in the 1st quarter. Cetera Investment Advisers now owns 10,238 shares of the company’s stock valued at $4,206,000 after acquiring an additional 8,577 shares during the last quarter. Swedbank AB purchased a new stake in shares of Molina Healthcare in the 1st quarter valued at $69,320,000. BDF Gestion acquired a new stake in shares of Molina Healthcare in the second quarter worth $1,591,000. Finally, Victory Capital Management Inc. raised its holdings in shares of Molina Healthcare by 38.5% during the second quarter. Victory Capital Management Inc. now owns 89,083 shares of the company’s stock worth $26,484,000 after purchasing an additional 24,778 shares during the last quarter. 98.50% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on MOH shares. Barclays increased their price target on Molina Healthcare from $359.00 to $372.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $406.00 target price on shares of Molina Healthcare in a report on Thursday, October 24th. Stephens reissued an “equal weight” rating and issued a $320.00 price target on shares of Molina Healthcare in a report on Thursday, July 25th. TD Cowen dropped their price objective on shares of Molina Healthcare from $412.00 to $351.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. Finally, Jefferies Financial Group decreased their target price on shares of Molina Healthcare from $354.00 to $297.00 and set a “hold” rating for the company in a research note on Wednesday, July 24th. One analyst has rated the stock with a sell rating, six have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Molina Healthcare has an average rating of “Moderate Buy” and a consensus price target of $367.17.

Molina Healthcare Price Performance

Shares of NYSE MOH opened at $294.34 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.55 and a current ratio of 1.54. The firm has a fifty day moving average of $328.20 and a 200 day moving average of $325.63. The firm has a market cap of $16.84 billion, a PE ratio of 14.95, a PEG ratio of 1.06 and a beta of 0.59. Molina Healthcare, Inc. has a one year low of $272.69 and a one year high of $423.92.

Molina Healthcare (NYSE:MOH) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $6.01 earnings per share for the quarter, topping the consensus estimate of $5.96 by $0.05. The firm had revenue of $10.34 billion during the quarter, compared to the consensus estimate of $9.92 billion. Molina Healthcare had a net margin of 2.92% and a return on equity of 27.88%. The company’s revenue for the quarter was up 21.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $5.05 EPS. As a group, research analysts predict that Molina Healthcare, Inc. will post 23.45 EPS for the current fiscal year.

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.