Dai ichi Life Insurance Company Ltd Increases Holdings in Molina Healthcare, Inc. (NYSE:MOH)

Dai ichi Life Insurance Company Ltd grew its stake in shares of Molina Healthcare, Inc. (NYSE:MOH) by 37.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,521 shares of the company’s stock after acquiring an additional 1,500 shares during the quarter. Dai ichi Life Insurance Company Ltd’s holdings in Molina Healthcare were worth $1,902,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. The Manufacturers Life Insurance Company increased its stake in Molina Healthcare by 0.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 72,920 shares of the company’s stock valued at $25,125,000 after purchasing an additional 386 shares in the last quarter. Bank of Montreal Can grew its holdings in shares of Molina Healthcare by 6.3% during the third quarter. Bank of Montreal Can now owns 62,718 shares of the company’s stock valued at $21,441,000 after buying an additional 3,742 shares during the last quarter. Trust Asset Management LLC purchased a new position in Molina Healthcare in the 3rd quarter worth approximately $231,000. Bank of Hawaii raised its holdings in Molina Healthcare by 4.6% in the 3rd quarter. Bank of Hawaii now owns 1,224 shares of the company’s stock worth $422,000 after acquiring an additional 54 shares during the last quarter. Finally, Daiwa Securities Group Inc. lifted its position in Molina Healthcare by 23.8% in the 3rd quarter. Daiwa Securities Group Inc. now owns 21,025 shares of the company’s stock valued at $7,244,000 after acquiring an additional 4,036 shares in the last quarter. Hedge funds and other institutional investors own 98.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on MOH. Barclays boosted their price target on Molina Healthcare from $359.00 to $372.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. StockNews.com upgraded shares of Molina Healthcare from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. Wells Fargo & Company lifted their price target on shares of Molina Healthcare from $360.00 to $362.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. Robert W. Baird lowered their price objective on shares of Molina Healthcare from $405.00 to $331.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $406.00 target price on shares of Molina Healthcare in a research report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $367.17.

Molina Healthcare Price Performance

NYSE MOH opened at $296.60 on Thursday. Molina Healthcare, Inc. has a fifty-two week low of $272.69 and a fifty-two week high of $423.92. The company has a market capitalization of $16.97 billion, a PE ratio of 15.07, a price-to-earnings-growth ratio of 1.03 and a beta of 0.59. The business’s fifty day moving average is $320.71 and its 200 day moving average is $322.93. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.55 and a current ratio of 1.54.

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