Hartford Investment Management Co. Sells 185 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Hartford Investment Management Co. decreased its position in Molina Healthcare, Inc. (NYSE:MOH) by 5.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,539 shares of the company’s stock after selling 185 shares during the quarter. Hartford Investment Management Co.’s holdings in Molina Healthcare were worth $1,030,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of MOH. NFJ Investment Group LLC purchased a new position in shares of Molina Healthcare during the third quarter worth approximately $7,432,000. KBC Group NV lifted its stake in Molina Healthcare by 14.6% in the fourth quarter. KBC Group NV now owns 125,486 shares of the company’s stock worth $36,522,000 after purchasing an additional 15,993 shares during the last quarter. Raymond James & Associates boosted its position in Molina Healthcare by 59.9% during the third quarter. Raymond James & Associates now owns 42,298 shares of the company’s stock valued at $14,574,000 after buying an additional 15,840 shares during the period. Integrated Investment Consultants LLC bought a new position in shares of Molina Healthcare during the third quarter valued at about $4,716,000. Finally, Citigroup Inc. increased its holdings in shares of Molina Healthcare by 18.8% in the third quarter. Citigroup Inc. now owns 84,770 shares of the company’s stock worth $29,208,000 after buying an additional 13,387 shares during the period. Hedge funds and other institutional investors own 98.50% of the company’s stock.

Molina Healthcare Stock Performance

Molina Healthcare stock opened at $272.28 on Friday. Molina Healthcare, Inc. has a fifty-two week low of $262.32 and a fifty-two week high of $423.92. The stock’s 50 day simple moving average is $295.26 and its two-hundred day simple moving average is $316.72. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.55 and a current ratio of 1.62. The stock has a market cap of $15.57 billion, a price-to-earnings ratio of 13.33, a PEG ratio of 0.94 and a beta of 0.54.

Molina Healthcare (NYSE:MOH) last released its quarterly earnings results on Wednesday, February 5th. The company reported $5.05 earnings per share 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%. As a group, analysts expect that Molina Healthcare, Inc. will post 24.5 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on MOH. Barclays dropped their target price on Molina Healthcare from $372.00 to $339.00 and set an “equal weight” rating for the company in a report on Friday, February 7th. Cantor Fitzgerald restated an “overweight” rating and issued a $406.00 target price on shares of Molina Healthcare in a report on Thursday, October 24th. Robert W. Baird lowered their price target on shares of Molina Healthcare from $405.00 to $331.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Truist Financial cut their price target on shares of Molina Healthcare from $400.00 to $370.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Finally, StockNews.com downgraded shares of Molina Healthcare from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 8th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $355.67.

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.