601 Shares in Molina Healthcare, Inc. (NYSE:MOH) Bought by Cigna Investments Inc. New

Cigna Investments Inc. New bought a new stake in Molina Healthcare, Inc. (NYSE:MOH) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 601 shares of the company’s stock, valued at approximately $207,000.

A number of other hedge funds have also made changes to their positions in the company. CWM LLC raised its position in shares of Molina Healthcare by 76.2% during the 3rd quarter. CWM LLC now owns 4,001 shares of the company’s stock worth $1,379,000 after purchasing an additional 1,730 shares during the last quarter. Cetera Investment Advisers lifted its position in shares of Molina Healthcare by 516.4% in the first quarter. Cetera Investment Advisers now owns 10,238 shares of the company’s stock valued at $4,206,000 after acquiring an additional 8,577 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its position in shares of Molina Healthcare by 69.5% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 11,809 shares of the company’s stock valued at $4,851,000 after acquiring an additional 4,840 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Molina Healthcare by 35.6% during the first quarter. BNP Paribas Financial Markets now owns 56,835 shares of the company’s stock valued at $23,350,000 after acquiring an additional 14,920 shares during the last quarter. Finally, ProShare Advisors LLC increased its position in Molina Healthcare by 28.4% during the 1st quarter. ProShare Advisors LLC now owns 10,352 shares of the company’s stock worth $4,253,000 after purchasing an additional 2,288 shares in the last quarter. Hedge funds and other institutional investors own 98.50% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on MOH. 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. StockNews.com raised shares of Molina Healthcare from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. Stephens reaffirmed an “equal weight” rating and issued a $320.00 target price on shares of Molina Healthcare in a research note on Thursday, July 25th. Jefferies Financial Group cut their price target on Molina Healthcare from $354.00 to $297.00 and set a “hold” rating for the company in a report on Wednesday, July 24th. Finally, Barclays raised their price objective on Molina Healthcare from $359.00 to $372.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Molina Healthcare currently has an average rating of “Moderate Buy” and a consensus price target of $367.00.

Molina Healthcare Stock Performance

Molina Healthcare stock opened at $326.75 on Friday. The company has a market cap of $18.69 billion, a price-to-earnings ratio of 16.59, a price-to-earnings-growth ratio of 1.11 and a beta of 0.59. Molina Healthcare, Inc. has a 12 month low of $272.69 and a 12 month high of $423.92. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.54 and a quick ratio of 1.55. The stock’s 50-day moving average is $332.81 and its 200-day moving average is $328.26.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $6.01 EPS for the quarter, beating the consensus estimate of $5.96 by $0.05. Molina Healthcare had a net margin of 2.92% and a return on equity of 27.88%. The firm had revenue of $10.34 billion for the quarter, compared to analyst estimates of $9.92 billion. During the same quarter last year, the firm posted $5.05 earnings per share. Molina Healthcare’s revenue for the quarter was up 21.0% compared to the same quarter last year. Equities analysts anticipate that Molina Healthcare, Inc. will post 23.44 earnings per share for the current year.

Insider Buying and Selling

In other Molina Healthcare news, CAO Maurice Hebert sold 393 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $346.52, for a total transaction of $136,182.36. Following the transaction, the chief accounting officer now owns 9,473 shares in the company, valued at $3,282,583.96. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.10% of the stock is owned by corporate insiders.

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.