Jennison Associates LLC Has $130.16 Million Stock Position in Molina Healthcare, Inc. (NYSE:MOH)

Jennison Associates LLC raised its stake in Molina Healthcare, Inc. (NYSE:MOH) by 7.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 360,238 shares of the company’s stock after acquiring an additional 26,219 shares during the quarter. Jennison Associates LLC owned about 0.62% of Molina Healthcare worth $130,158,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of Molina Healthcare in the third quarter valued at approximately $30,000. VisionPoint Advisory Group LLC increased its stake in shares of Molina Healthcare by 105.6% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 111 shares of the company’s stock valued at $36,000 after buying an additional 57 shares during the period. Raleigh Capital Management Inc. raised its position in shares of Molina Healthcare by 40.4% during the third quarter. Raleigh Capital Management Inc. now owns 125 shares of the company’s stock worth $41,000 after acquiring an additional 36 shares during the last quarter. Householder Group Estate & Retirement Specialist LLC lifted its stake in shares of Molina Healthcare by 3,933.3% during the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 121 shares of the company’s stock valued at $43,000 after acquiring an additional 118 shares during the period. Finally, Friedenthal Financial bought a new position in Molina Healthcare in the fourth quarter valued at about $43,000. 98.50% of the stock is owned by institutional investors.

Insider Activity

In related news, CFO Mark Lowell Keim sold 15,000 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $386.56, for a total value of $5,798,400.00. Following the completion of the sale, the chief financial officer now directly owns 36,531 shares in the company, valued at approximately $14,121,423.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Mark Lowell Keim sold 15,000 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $386.56, for a total value of $5,798,400.00. Following the sale, the chief financial officer now owns 36,531 shares in the company, valued at approximately $14,121,423.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Richard M. Schapiro sold 1,000 shares of Molina Healthcare stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $401.05, for a total transaction of $401,050.00. Following the transaction, the director now directly owns 11,207 shares of the company’s stock, valued at $4,494,567.35. The disclosure for this sale can be found here. Insiders sold a total of 16,711 shares of company stock valued at $6,472,517 in the last quarter. Company insiders own 1.11% of the company’s stock.

Molina Healthcare Stock Down 0.2 %

MOH stock traded down $0.91 during mid-day trading on Monday, reaching $366.61. The company had a trading volume of 90,558 shares, compared to its average volume of 391,137. The company has a market capitalization of $21.48 billion, a price-to-earnings ratio of 19.57, a PEG ratio of 1.03 and a beta of 0.47. Molina Healthcare, Inc. has a 52 week low of $266.35 and a 52 week high of $423.92. The stock has a 50 day simple moving average of $394.33 and a two-hundred day simple moving average of $371.60. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.54 and a quick ratio of 1.54.

Molina Healthcare (NYSE:MOH) last released its quarterly earnings data on Wednesday, February 7th. The company reported $4.38 EPS for the quarter, beating the consensus estimate of $4.31 by $0.07. The company had revenue of $9.05 billion during the quarter, compared to the consensus estimate of $8.35 billion. Molina Healthcare had a return on equity of 32.34% and a net margin of 3.20%. The firm’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.10 EPS. As a group, equities analysts predict that Molina Healthcare, Inc. will post 23.62 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

MOH has been the subject of a number of recent research reports. Bank of America downgraded shares of Molina Healthcare from a “neutral” rating to an “underperform” rating and set a $439.00 price target for the company. in a research note on Thursday, March 28th. Cantor Fitzgerald reissued an “overweight” rating and issued a $406.00 price target on shares of Molina Healthcare in a research note on Thursday, April 4th. Wells Fargo & Company decreased their price objective on Molina Healthcare from $440.00 to $410.00 and set an “equal weight” rating for the company in a research note on Monday, April 15th. Barclays began coverage on Molina Healthcare in a report on Wednesday, March 6th. They issued an “equal weight” rating and a $437.00 price objective for the company. Finally, Truist Financial raised their target price on Molina Healthcare from $435.00 to $460.00 and gave the stock a “buy” rating in a report on Tuesday, February 20th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $393.09.

Molina Healthcare Company 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.