Generali Asset Management SPA SGR Makes New $4.01 Million Investment in Molina Healthcare, Inc. (NYSE:MOH)

Generali Asset Management SPA SGR bought a new position in shares of Molina Healthcare, Inc. (NYSE:MOH) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 13,767 shares of the company’s stock, valued at approximately $4,007,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of MOH. Los Angeles Capital Management LLC lifted its holdings in shares of Molina Healthcare by 166.1% in the fourth quarter. Los Angeles Capital Management LLC now owns 196,513 shares of the company’s stock worth $57,195,000 after buying an additional 122,674 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Molina Healthcare in the fourth quarter worth about $26,091,000. Victory Capital Management Inc. lifted its holdings in shares of Molina Healthcare by 48.9% in the fourth quarter. Victory Capital Management Inc. now owns 141,184 shares of the company’s stock worth $41,092,000 after buying an additional 46,350 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Molina Healthcare in the fourth quarter worth about $10,725,000. Finally, NFJ Investment Group LLC purchased a new stake in shares of Molina Healthcare in the third quarter worth about $7,432,000. 98.50% of the stock is owned by hedge funds and other institutional investors.

Molina Healthcare Trading Up 0.3 %

MOH stock opened at $316.97 on Wednesday. The company has a market capitalization of $17.59 billion, a PE ratio of 15.51, a price-to-earnings-growth ratio of 1.06 and a beta of 0.56. Molina Healthcare, Inc. has a one year low of $262.32 and a one year high of $423.92. The company’s 50 day moving average price is $298.86 and its two-hundred day moving average price is $309.90. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.62 and a current ratio of 1.62.

Molina Healthcare (NYSE:MOH) last issued its earnings results on Wednesday, February 5th. The company reported $5.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.74 by ($0.69). Molina Healthcare had a return on equity of 28.13% and a net margin of 2.90%. As a group, analysts predict that Molina Healthcare, Inc. will post 24.4 earnings per share for the current fiscal year.

Insider Transactions at Molina Healthcare

In other news, Director Steven J. Orlando sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $301.33, for a total value of $301,330.00. Following the transaction, the director now owns 17,375 shares in the company, valued at approximately $5,235,608.75. This trade represents a 5.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on MOH. Barclays lowered their price target 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. Mizuho lowered their target price on shares of Molina Healthcare from $382.00 to $376.00 and set an “outperform” rating on the stock in a research note on Monday, March 3rd. StockNews.com downgraded shares of Molina Healthcare from a “buy” rating to a “hold” rating in a research note on Monday, March 10th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $350.00 target price (down from $378.00) on shares of Molina Healthcare in a research note on Tuesday, December 17th. Finally, Wells Fargo & Company raised shares of Molina Healthcare from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $295.00 to $372.00 in a research note on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $355.69.

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.