Mitsubishi UFJ Asset Management Co. Ltd. Purchases 2,993 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Molina Healthcare, Inc. (NYSE:MOH) by 3.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 88,941 shares of the company’s stock after purchasing an additional 2,993 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.16% of Molina Healthcare worth $26,192,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in MOH. State Street Corp increased its position in Molina Healthcare by 0.5% during the 3rd quarter. State Street Corp now owns 2,614,311 shares of the company’s stock worth $900,787,000 after buying an additional 13,001 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Molina Healthcare by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 400,080 shares of the company’s stock valued at $116,443,000 after acquiring an additional 10,002 shares in the last quarter. Los Angeles Capital Management LLC increased its position in Molina Healthcare by 166.1% during the fourth quarter. Los Angeles Capital Management LLC now owns 196,513 shares of the company’s stock worth $57,195,000 after acquiring an additional 122,674 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its stake in Molina Healthcare by 2.2% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 149,573 shares of the company’s stock worth $43,533,000 after purchasing an additional 3,238 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in Molina Healthcare by 48.9% in the 4th 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 period. 98.50% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Steven J. Orlando sold 1,000 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $301.33, for a total value of $301,330.00. Following the completion of the sale, the director now owns 17,375 shares of the company’s stock, valued at approximately $5,235,608.75. This represents a 5.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Barclays lowered their target price 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. StockNews.com raised Molina Healthcare from a “hold” rating to a “buy” rating in a report on Wednesday, March 26th. Wells Fargo & Company upgraded Molina Healthcare from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $295.00 to $372.00 in a research report on Wednesday, March 5th. Mizuho decreased their price target on Molina Healthcare from $382.00 to $376.00 and set an “outperform” rating on the stock in a research report on Monday, March 3rd. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $350.00 price target (down previously from $378.00) on shares of Molina Healthcare in a research note on Tuesday, December 17th. Six equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $348.75.

Molina Healthcare Trading Down 0.2 %

MOH opened at $322.78 on Monday. The company’s 50 day moving average is $302.98 and its 200-day moving average is $309.01. The company has a market cap of $17.66 billion, a P/E ratio of 15.80, a PEG ratio of 1.06 and a beta of 0.56. Molina Healthcare, Inc. has a 1-year low of $262.32 and a 1-year high of $409.07. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.69.

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 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%. Equities research analysts predict that Molina Healthcare, Inc. will post 24.4 earnings per share 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.