APG Asset Management N.V. Has $29.38 Million Stock Position in Molina Healthcare, Inc. (NYSE:MOH)

APG Asset Management N.V. raised its position in Molina Healthcare, Inc. (NYSE:MOH) by 47.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 105,897 shares of the company’s stock after purchasing an additional 34,156 shares during the quarter. APG Asset Management N.V. owned approximately 0.18% of Molina Healthcare worth $29,375,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of MOH. Innealta Capital LLC bought a new stake in shares of Molina Healthcare in the 2nd quarter valued at approximately $36,000. Ashton Thomas Private Wealth LLC bought a new stake in Molina Healthcare in the second quarter worth approximately $40,000. AM Squared Ltd acquired a new position in shares of Molina Healthcare during the 2nd quarter worth $59,000. Mather Group LLC. bought a new position in shares of Molina Healthcare during the 1st quarter valued at $123,000. Finally, Lindbrook Capital LLC lifted its stake in shares of Molina Healthcare by 47.0% in the 1st quarter. Lindbrook Capital LLC now owns 322 shares of the company’s stock valued at $132,000 after purchasing an additional 103 shares during the last quarter. 98.50% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on MOH shares. Cantor Fitzgerald restated an “overweight” rating and set a $406.00 target price on shares of Molina Healthcare in a report on Tuesday, September 10th. Jefferies Financial Group reduced their target price on Molina Healthcare from $354.00 to $297.00 and set a “hold” rating for the company in a report on Wednesday, July 24th. TD Cowen lowered their price target on Molina Healthcare from $412.00 to $351.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Truist Financial reduced their price objective on shares of Molina Healthcare from $440.00 to $400.00 and set a “buy” rating for the company in a research note on Monday, July 15th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Molina Healthcare from $420.00 to $395.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 10th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Molina Healthcare presently has a consensus rating of “Hold” and an average target price of $378.00.

Insider Activity

In other Molina Healthcare news, Director Steven J. Orlando sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $339.21, for a total transaction of $339,210.00. Following the completion of the transaction, the director now owns 18,025 shares in the company, valued at $6,114,260.25. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Molina Healthcare news, CAO Maurice Hebert sold 393 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $346.52, for a total value of $136,182.36. Following the sale, the chief accounting officer now directly owns 9,473 shares in the company, valued at $3,282,583.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Steven J. Orlando sold 1,000 shares of the business’s stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $339.21, for a total transaction of $339,210.00. Following the completion of the sale, the director now owns 18,025 shares in the company, valued at approximately $6,114,260.25. The disclosure for this sale can be found here. 1.10% of the stock is owned by company insiders.

Molina Healthcare Stock Up 0.9 %

MOH stock opened at $341.69 on Friday. Molina Healthcare, Inc. has a twelve month low of $282.96 and a twelve month high of $423.92. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.49. The company has a market cap of $20.02 billion, a PE ratio of 18.54, a price-to-earnings-growth ratio of 1.21 and a beta of 0.57. The business’s 50-day simple moving average is $340.66 and its 200 day simple moving average is $341.76.

Molina Healthcare (NYSE:MOH) last issued its earnings results on Wednesday, July 24th. The company reported $5.86 EPS for the quarter, beating analysts’ consensus estimates of $5.73 by $0.13. Molina Healthcare had a return on equity of 28.09% and a net margin of 2.84%. The business had revenue of $9.88 billion during the quarter, compared to analyst estimates of $9.75 billion. During the same period in the prior year, the company posted $5.65 earnings per share. Molina Healthcare’s revenue was up 18.7% on a year-over-year basis. On average, research analysts anticipate that Molina Healthcare, Inc. will post 23.5 earnings per share for the current year.

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.