MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Decreases Stock Holdings in Molina Healthcare, Inc. (NYSE:MOH)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lessened its stake in shares of Molina Healthcare, Inc. (NYSE:MOH) by 69.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,811 shares of the company’s stock after selling 15,185 shares during the quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Molina Healthcare were worth $1,971,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in MOH. State Street Corp boosted its holdings in Molina Healthcare by 0.5% in the third quarter. State Street Corp now owns 2,614,311 shares of the company’s stock worth $900,787,000 after purchasing an additional 13,001 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of Molina Healthcare by 36.2% during the 2nd quarter. AQR Capital Management LLC now owns 463,537 shares of the company’s stock valued at $137,810,000 after buying an additional 123,121 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Molina Healthcare by 2.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 390,078 shares of the company’s stock worth $134,405,000 after buying an additional 10,030 shares during the last quarter. Swiss National Bank grew its holdings in shares of Molina Healthcare by 0.3% in the third quarter. Swiss National Bank now owns 173,900 shares of the company’s stock worth $59,919,000 after acquiring an additional 500 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. increased its position in Molina Healthcare by 1.2% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 146,335 shares of the company’s stock valued at $50,421,000 after acquiring an additional 1,778 shares during the last quarter. 98.50% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on MOH shares. Truist Financial dropped their target price on Molina Healthcare from $400.00 to $370.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $350.00 price target (down from $378.00) on shares of Molina Healthcare in a research report on Tuesday, December 17th. Robert W. Baird reduced their price objective on Molina Healthcare from $405.00 to $331.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Barclays lifted their target price on Molina Healthcare from $359.00 to $372.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $406.00 price objective on shares of Molina Healthcare in a research note on Thursday, October 24th. One research analyst has rated the stock with a sell rating, six have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $359.18.

Molina Healthcare Stock Performance

NYSE MOH opened at $305.88 on Friday. The stock has a market capitalization of $17.50 billion, a PE ratio of 15.53, a P/E/G ratio of 0.94 and a beta of 0.54. Molina Healthcare, Inc. has a 1-year low of $272.69 and a 1-year high of $423.92. The business has a 50 day simple moving average of $295.43 and a two-hundred day simple moving average of $316.99. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.54 and a quick ratio of 1.55.

Molina Healthcare (NYSE:MOH) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $6.01 EPS for the quarter, topping analysts’ consensus estimates of $5.96 by $0.05. The business had revenue of $10.34 billion during the quarter, compared to analysts’ expectations of $9.92 billion. Molina Healthcare had a net margin of 2.92% and a return on equity of 27.88%. The business’s revenue was up 21.0% on a year-over-year basis. During the same period last year, the company posted $5.05 EPS. On average, research analysts predict that Molina Healthcare, Inc. will post 23.44 EPS for the current fiscal 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.