Sumitomo Mitsui Trust Group Inc. Sells 6,181 Shares of Molina Healthcare, Inc $MOH

Sumitomo Mitsui Trust Group Inc. cut its stake in Molina Healthcare, Inc (NYSE:MOH) by 3.9% in the 3rd quarter, Holdings Channel.com reports. The fund owned 150,788 shares of the company’s stock after selling 6,181 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Molina Healthcare were worth $28,855,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Merit Financial Group LLC increased its position in Molina Healthcare by 289.3% during the 3rd quarter. Merit Financial Group LLC now owns 11,735 shares of the company’s stock worth $2,246,000 after purchasing an additional 8,721 shares in the last quarter. Cerity Partners LLC boosted its position in Molina Healthcare by 245.3% in the third quarter. Cerity Partners LLC now owns 80,608 shares of the company’s stock valued at $15,425,000 after buying an additional 57,266 shares in the last quarter. Brighton Jones LLC grew its stake in shares of Molina Healthcare by 189.5% during the third quarter. Brighton Jones LLC now owns 13,148 shares of the company’s stock worth $2,516,000 after buying an additional 8,607 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Molina Healthcare by 71.5% during the second quarter. Arrowstreet Capital Limited Partnership now owns 80,559 shares of the company’s stock worth $23,999,000 after buying an additional 33,587 shares in the last quarter. Finally, Whalen Wealth Management Inc. acquired a new position in shares of Molina Healthcare during the second quarter worth $1,597,000. 98.50% of the stock is owned by institutional investors and hedge funds.

Molina Healthcare Trading Down 1.2%

NYSE MOH opened at $191.42 on Friday. The firm has a market capitalization of $10.37 billion, a PE ratio of 11.85 and a beta of 0.49. The business’s 50-day moving average price is $160.57 and its two-hundred day moving average price is $175.23. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.92. Molina Healthcare, Inc has a 12 month low of $133.40 and a 12 month high of $359.97.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings data on Wednesday, October 22nd. The company reported $1.84 EPS for the quarter, missing analysts’ consensus estimates of $3.97 by ($2.13). Molina Healthcare had a return on equity of 22.95% and a net margin of 1.98%.The company had revenue of $11.48 billion during the quarter, compared to analyst estimates of $10.99 billion. During the same period in the prior year, the firm earned $6.01 earnings per share. Molina Healthcare’s revenue was up 11.0% compared to the same quarter last year. Molina Healthcare has set its FY 2025 guidance at 14.000-14.000 EPS. On average, analysts expect that Molina Healthcare, Inc will post 24.4 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on MOH shares. Sanford C. Bernstein reissued an “outperform” rating and set a $224.00 price objective on shares of Molina Healthcare in a report on Tuesday, January 6th. Deutsche Bank Aktiengesellschaft set a $165.00 target price on Molina Healthcare in a research report on Friday, October 24th. Weiss Ratings reissued a “sell (d+)” rating on shares of Molina Healthcare in a research note on Wednesday, October 8th. TD Cowen downgraded Molina Healthcare from a “buy” rating to a “hold” rating and set a $203.00 price objective for the company. in a research note on Thursday, October 16th. Finally, Wall Street Zen lowered shares of Molina Healthcare from a “hold” rating to a “sell” rating in a report on Saturday, October 25th. Three equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Molina Healthcare presently has a consensus rating of “Hold” and an average target price of $193.47.

Insider Activity

In other news, Director Richard M. Schapiro sold 357 shares of the company’s stock in a transaction on Monday, November 24th. The shares were sold at an average price of $143.02, for a total value of $51,058.14. Following the sale, the director directly owned 11,352 shares of the company’s stock, valued at approximately $1,623,563.04. This represents a 3.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.10% of the company’s stock.

Molina Healthcare Profile

Molina Healthcare, Inc is a managed care company specializing in government-sponsored health insurance programs. The company offers Medicaid managed care plans, Medicare Advantage and prescription drug plans, and individual Marketplace plans under the Affordable Care Act. Through an integrated care model, Molina emphasizes preventive and primary care services, care coordination, and disease management to improve health outcomes for its members.

The company traces its roots to the early 1980s, when Dr.