Vestcor Inc Has $614,000 Stake in Molina Healthcare, Inc. (NYSE:MOH)

Vestcor Inc decreased its position in Molina Healthcare, Inc. (NYSE:MOH) by 44.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 2,110 shares of the company’s stock after selling 1,715 shares during the period. Vestcor Inc’s holdings in Molina Healthcare were worth $614,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in MOH. Los Angeles Capital Management LLC grew its position 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 valued at $57,195,000 after purchasing an additional 122,674 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Molina Healthcare in the fourth quarter valued at approximately $26,091,000. Victory Capital Management Inc. grew its position 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 valued at $41,092,000 after purchasing an additional 46,350 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Molina Healthcare in the fourth quarter valued at approximately $10,725,000. Finally, NFJ Investment Group LLC acquired a new position in shares of Molina Healthcare in the third quarter valued at approximately $7,432,000. Institutional investors and hedge funds own 98.50% of the company’s stock.

Wall Street Analysts Forecast Growth

MOH has been the topic of several research reports. Truist Financial decreased their target price on Molina Healthcare from $370.00 to $340.00 and set a “buy” rating on the stock in a research report on Wednesday, February 19th. StockNews.com downgraded Molina Healthcare from a “buy” rating to a “hold” rating in a research report on Monday, March 10th. Stephens reissued an “equal weight” rating and set a $345.00 price target on shares of Molina Healthcare in a research report on Thursday, February 6th. UBS Group reduced their price target on Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating on the stock in a research report on Friday, February 7th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a $350.00 price target (down previously from $378.00) on shares of Molina Healthcare in a research report on Tuesday, December 17th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $355.69.

Molina Healthcare Stock Down 0.8 %

Shares of MOH opened at $308.51 on Monday. Molina Healthcare, Inc. has a 52 week low of $262.32 and a 52 week high of $423.92. The stock has a market capitalization of $17.12 billion, a price-to-earnings ratio of 15.10, a PEG ratio of 1.06 and a beta of 0.56. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.62 and a current ratio of 1.62. The stock has a fifty day moving average of $298.06 and a 200-day moving average of $310.37.

Molina Healthcare (NYSE:MOH) last announced its quarterly 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 net margin of 2.90% and a return on equity of 28.13%. As a group, sell-side analysts anticipate that Molina Healthcare, Inc. will post 24.4 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Steven J. Orlando sold 1,000 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $301.33, for a total transaction of $301,330.00. Following the completion of the transaction, the director now directly owns 17,375 shares of the company’s stock, valued at $5,235,608.75. This trade represents a 5.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.11% of the stock is owned by corporate insiders.

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.