KLP Kapitalforvaltning AS Invests $5.85 Million in Molina Healthcare, Inc. (NYSE:MOH)

KLP Kapitalforvaltning AS acquired a new stake in shares of Molina Healthcare, Inc. (NYSE:MOH) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 20,100 shares of the company’s stock, valued at approximately $5,850,000.

Several other large investors also recently bought and sold shares of the business. True Wealth Design LLC lifted its stake in Molina Healthcare by 2,500.0% during the 3rd quarter. True Wealth Design LLC now owns 104 shares of the company’s stock valued at $36,000 after acquiring an additional 100 shares during the period. Versant Capital Management Inc lifted its position in Molina Healthcare by 83.1% during the fourth quarter. Versant Capital Management Inc now owns 163 shares of the company’s stock valued at $47,000 after purchasing an additional 74 shares during the period. Wingate Wealth Advisors Inc. bought a new stake in Molina Healthcare in the 4th quarter worth approximately $52,000. EverSource Wealth Advisors LLC raised its stake in Molina Healthcare by 81.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 196 shares of the company’s stock valued at $57,000 after buying an additional 88 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. raised its stake in Molina Healthcare by 337.0% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 201 shares of the company’s stock valued at $58,000 after buying an additional 155 shares during the last quarter. 98.50% of the stock is currently owned by institutional investors.

Insider Transactions at Molina Healthcare

In related news, Director Steven J. Orlando sold 1,000 shares of the business’s stock in a transaction 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 sale, the director now owns 17,375 shares in the company, valued at approximately $5,235,608.75. The trade was a 5.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on MOH. Barclays dropped their target price on Molina Healthcare from $372.00 to $339.00 and set an “equal weight” rating on the stock in a research report on Friday, February 7th. Stephens reaffirmed an “equal weight” rating and issued 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 upped their price target for the stock from $295.00 to $372.00 in a research report on Wednesday, March 5th. Mizuho cut their price objective on Molina Healthcare from $382.00 to $376.00 and set an “outperform” rating for the company in a research note on Monday, March 3rd. Finally, Truist Financial decreased their target price on shares of Molina Healthcare from $370.00 to $340.00 and set a “buy” rating on the stock in a research note on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Molina Healthcare presently has a consensus rating of “Hold” and a consensus target price of $355.69.

Molina Healthcare Stock Down 0.7 %

Shares of MOH stock opened at $310.55 on Wednesday. The company’s fifty day simple moving average is $300.36 and its two-hundred day simple moving average is $309.09. Molina Healthcare, Inc. has a 52 week low of $262.32 and a 52 week high of $423.92. The stock has a market cap of $16.99 billion, a P/E ratio of 15.20, a PEG ratio of 1.06 and a beta of 0.56. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.69.

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

Molina Healthcare Company 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.