Dai ichi Life Insurance Company Ltd Boosts Stock Position in Molina Healthcare, Inc. (NYSE:MOH)

Dai ichi Life Insurance Company Ltd boosted its holdings in shares of Molina Healthcare, Inc. (NYSE:MOH) by 37.3% during the third quarter, Holdings Channel.com reports. The firm owned 5,521 shares of the company’s stock after acquiring an additional 1,500 shares during the period. Dai ichi Life Insurance Company Ltd’s holdings in Molina Healthcare were worth $1,902,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the business. Renaissance Technologies LLC increased its position in shares of Molina Healthcare by 13.3% during the 2nd quarter. Renaissance Technologies LLC now owns 949,691 shares of the company’s stock valued at $282,343,000 after purchasing an additional 111,154 shares during the last quarter. Boston Partners increased its position in Molina Healthcare by 14.8% during the first quarter. Boston Partners now owns 798,950 shares of the company’s stock valued at $328,101,000 after acquiring an additional 103,245 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Molina Healthcare by 22.0% in the second quarter. Dimensional Fund Advisors LP now owns 470,932 shares of the company’s stock valued at $140,026,000 after acquiring an additional 84,929 shares during the period. AQR Capital Management LLC lifted its holdings in shares of Molina Healthcare by 36.2% in the 2nd quarter. AQR Capital Management LLC now owns 463,537 shares of the company’s stock worth $137,810,000 after acquiring an additional 123,121 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Molina Healthcare by 2.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 390,078 shares of the company’s stock worth $134,405,000 after purchasing an additional 10,030 shares during the period. Institutional investors own 98.50% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on MOH. Wells Fargo & Company increased their price objective on shares of Molina Healthcare from $360.00 to $362.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Robert W. Baird decreased their price target 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 upped their price objective 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. Cantor Fitzgerald reiterated an “overweight” rating and set a $406.00 target price on shares of Molina Healthcare in a research report on Thursday, October 24th. Finally, StockNews.com upgraded shares of Molina Healthcare from a “hold” rating to a “buy” rating in a report on Friday, October 18th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Molina Healthcare presently has an average rating of “Moderate Buy” and a consensus target price of $367.17.

Molina Healthcare Stock Performance

Shares of MOH opened at $296.60 on Thursday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.55 and a current ratio of 1.54. The stock has a 50-day moving average of $320.71 and a two-hundred day moving average of $322.93. The stock has a market cap of $16.97 billion, a P/E ratio of 15.07, a P/E/G ratio of 1.03 and a beta of 0.59. Molina Healthcare, Inc. has a one year low of $272.69 and a one year high of $423.92.

Molina Healthcare (NYSE:MOH) last released its earnings results on Wednesday, October 23rd. The company reported $6.01 EPS for the quarter, topping analysts’ consensus estimates of $5.96 by $0.05. Molina Healthcare had a return on equity of 27.88% and a net margin of 2.92%. The firm had revenue of $10.34 billion during the quarter, compared to the consensus estimate of $9.92 billion. During the same quarter in the previous year, the company posted $5.05 earnings per share. The company’s revenue was up 21.0% compared to the same quarter last year. As a group, research analysts predict that Molina Healthcare, Inc. will post 23.44 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.