Molina Healthcare, Inc. (MOH) Position Boosted by MetLife Investment Advisors LLC

MetLife Investment Advisors LLC raised its position in Molina Healthcare, Inc. (NYSE:MOH) by 0.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 38,043 shares of the company’s stock after acquiring an additional 230 shares during the quarter. MetLife Investment Advisors LLC owned approximately 0.06% of Molina Healthcare worth $4,421,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of MOH. MML Investors Services LLC purchased a new stake in shares of Molina Healthcare during the 4th quarter worth $324,000. Zacks Investment Management boosted its position in shares of Molina Healthcare by 5.8% in the 4th quarter. Zacks Investment Management now owns 31,772 shares of the company’s stock worth $3,693,000 after buying an additional 1,732 shares in the last quarter. Highbridge Capital Management LLC purchased a new stake in shares of Molina Healthcare in the 4th quarter worth about $1,162,000. Stone Ridge Asset Management LLC boosted its position in shares of Molina Healthcare by 319.6% in the 4th quarter. Stone Ridge Asset Management LLC now owns 6,596 shares of the company’s stock worth $767,000 after buying an additional 5,024 shares in the last quarter. Finally, QS Investors LLC boosted its position in shares of Molina Healthcare by 330.7% in the 4th quarter. QS Investors LLC now owns 53,018 shares of the company’s stock worth $6,162,000 after buying an additional 40,708 shares in the last quarter.

In other news, Director Ronna Romney sold 200 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $136.66, for a total transaction of $27,332.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.77% of the company’s stock.

Several equities research analysts recently commented on MOH shares. Stephens started coverage on shares of Molina Healthcare in a research report on Monday, January 14th. They issued an “equal weight” rating and a $144.00 price objective on the stock. ValuEngine upgraded shares of Molina Healthcare from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Wolfe Research lowered shares of Molina Healthcare from an “outperform” rating to a “market perform” rating in a report on Thursday, January 3rd. Cowen started coverage on shares of Molina Healthcare in a report on Thursday, February 28th. They issued a “market perform” rating on the stock. Finally, Morgan Stanley upped their target price on shares of Molina Healthcare from $180.00 to $192.00 and gave the company an “overweight” rating in a report on Wednesday, February 13th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Molina Healthcare presently has an average rating of “Hold” and a consensus target price of $144.42.

MOH traded up $2.59 on Monday, reaching $131.98. 904,300 shares of the company’s stock were exchanged, compared to its average volume of 891,410. The company has a market cap of $8.86 billion, a PE ratio of 11.91, a price-to-earnings-growth ratio of 1.14 and a beta of 1.68. Molina Healthcare, Inc. has a twelve month low of $80.77 and a twelve month high of $154.06. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.52 and a current ratio of 1.52.

Molina Healthcare (NYSE:MOH) last posted its earnings results on Monday, February 11th. The company reported $3.88 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.52 by $2.36. The firm had revenue of $4.66 billion during the quarter, compared to the consensus estimate of $4.56 billion. Molina Healthcare had a net margin of 3.74% and a return on equity of 45.70%. On average, sell-side analysts predict that Molina Healthcare, Inc. will post 9.91 earnings per share for the current year.

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About Molina Healthcare

Molina Healthcare, Inc provides Medicaid-related solutions to meet the health care needs of low-income families and individuals; and to assist state agencies in their administration of the Medicaid program in the United States. It operates through three segments: Health Plans, Molina Medicaid Solutions, and Other.

Read More: What Does a Sell-Side Analyst Rating Mean?

Institutional Ownership by Quarter for Molina Healthcare (NYSE:MOH)

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