Illinois Municipal Retirement Fund Buys 2,826 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Illinois Municipal Retirement Fund raised its stake in Molina Healthcare, Inc. (NYSE:MOH) by 7.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 38,417 shares of the company’s stock after acquiring an additional 2,826 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Molina Healthcare were worth $13,880,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in MOH. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Molina Healthcare in the third quarter valued at approximately $30,000. VisionPoint Advisory Group LLC boosted its position in Molina Healthcare by 105.6% during the third quarter. VisionPoint Advisory Group LLC now owns 111 shares of the company’s stock valued at $36,000 after acquiring an additional 57 shares during the last quarter. Raleigh Capital Management Inc. grew its holdings in Molina Healthcare by 40.4% during the 3rd 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 period. Householder Group Estate & Retirement Specialist LLC raised its position in shares of Molina Healthcare by 3,933.3% in the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 121 shares of the company’s stock worth $43,000 after acquiring an additional 118 shares in the last quarter. Finally, Friedenthal Financial acquired a new position in Molina Healthcare in the fourth quarter valued at approximately $43,000. Institutional investors and hedge funds own 98.50% of the company’s stock.

Wall Street Analysts Forecast Growth

MOH has been the topic of a number of research analyst reports. Wells Fargo & Company cut their price objective on shares of Molina Healthcare from $440.00 to $410.00 and set an “equal weight” rating on the stock in a research report on Monday, April 15th. 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 report on Thursday, March 28th. Truist Financial upped their price objective on shares of Molina Healthcare from $435.00 to $460.00 and gave the stock a “buy” rating in a report on Tuesday, February 20th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $406.00 target price on shares of Molina Healthcare in a research note on Thursday, April 4th. Finally, Barclays assumed coverage on shares of Molina Healthcare in a research report on Wednesday, March 6th. They issued an “equal weight” rating and a $437.00 price target on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Molina Healthcare presently has an average rating of “Hold” and an average target price of $393.09.

Insiders Place Their Bets

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

Molina Healthcare Stock Performance

Shares of NYSE:MOH traded up $2.03 during trading on Tuesday, hitting $363.90. 122,826 shares of the stock traded hands, compared to its average volume of 391,230. The company has a market cap of $21.32 billion, a price-to-earnings ratio of 19.28, a P/E/G ratio of 1.03 and a beta of 0.47. The company has a fifty day moving average price of $394.33 and a two-hundred day moving average price of $371.60. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.57. Molina Healthcare, Inc. has a 52-week low of $266.35 and a 52-week high of $423.92.

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

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.