Sumitomo Mitsui Trust Group Inc. Acquires 1,778 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Sumitomo Mitsui Trust Group Inc. increased its holdings in Molina Healthcare, Inc. (NYSE:MOH) by 1.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 146,335 shares of the company’s stock after acquiring an additional 1,778 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.26% of Molina Healthcare worth $50,421,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Swedbank AB bought a new stake in Molina Healthcare during the 1st quarter valued at about $69,320,000. Jupiter Asset Management Ltd. increased its stake in Molina Healthcare by 434.6% during the 2nd quarter. Jupiter Asset Management Ltd. now owns 185,606 shares of the company’s stock valued at $55,181,000 after purchasing an additional 150,890 shares in the last quarter. AQR Capital Management LLC increased its stake in 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 purchasing an additional 123,121 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of Molina Healthcare by 13.3% in the second quarter. Renaissance Technologies LLC now owns 949,691 shares of the company’s stock worth $282,343,000 after acquiring an additional 111,154 shares during the period. Finally, Boston Partners grew its stake in shares of Molina Healthcare by 14.8% in the first quarter. Boston Partners now owns 798,950 shares of the company’s stock worth $328,101,000 after acquiring an additional 103,245 shares during the period. 98.50% of the stock is currently owned by institutional investors.

Molina Healthcare Trading Down 3.8 %

Shares of MOH opened at $294.34 on Friday. The company’s fifty day moving average is $328.20 and its 200 day moving average is $325.75. Molina Healthcare, Inc. has a fifty-two week low of $272.69 and a fifty-two week high of $423.92. The stock has a market capitalization of $16.84 billion, a PE ratio of 14.95, a P/E/G ratio of 1.06 and a beta of 0.59. 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 issued its earnings results on Wednesday, October 23rd. The company reported $6.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.96 by $0.05. Molina Healthcare had a net margin of 2.92% and a return on equity of 27.88%. The firm had revenue of $10.34 billion during the quarter, compared to analyst estimates of $9.92 billion. During the same period in the previous year, the firm earned $5.05 earnings per share. The business’s revenue was up 21.0% on a year-over-year basis. Sell-side analysts expect that Molina Healthcare, Inc. will post 23.45 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on MOH shares. Cantor Fitzgerald reiterated an “overweight” rating and issued a $406.00 price target on shares of Molina Healthcare in a research note on Thursday, October 24th. 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 reduced their price target on shares of Molina Healthcare from $405.00 to $331.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Finally, Barclays lifted their price target on shares of Molina Healthcare from $359.00 to $372.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $367.17.

Molina Healthcare 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.