Achmea Investment Management B.V. Cuts Stake in Molina Healthcare, Inc. (NYSE:MOH)

Achmea Investment Management B.V. lowered its position in shares of Molina Healthcare, Inc. (NYSE:MOH) by 44.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,650 shares of the company’s stock after selling 4,451 shares during the period. Achmea Investment Management B.V.’s holdings in Molina Healthcare were worth $1,644,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. True Wealth Design LLC increased its stake in shares of Molina Healthcare by 2,500.0% during the third quarter. True Wealth Design LLC now owns 104 shares of the company’s stock valued at $36,000 after buying an additional 100 shares during the period. Versant Capital Management Inc grew its stake in Molina Healthcare by 83.1% in the fourth quarter. Versant Capital Management Inc now owns 163 shares of the company’s stock valued at $47,000 after purchasing an additional 74 shares during the last quarter. Wingate Wealth Advisors Inc. purchased a new position in Molina Healthcare in the fourth quarter valued at about $52,000. EverSource Wealth Advisors LLC grew its stake in Molina Healthcare by 81.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 196 shares of the company’s stock valued at $57,000 after purchasing an additional 88 shares during the last quarter. Finally, Financial Perspectives Inc purchased a new position in Molina Healthcare in the fourth quarter valued at about $59,000. Hedge funds and other institutional investors own 98.50% of the company’s stock.

Insider Buying and Selling

In related news, Director Steven J. Orlando sold 1,000 shares of Molina Healthcare stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $301.33, for a total transaction of $301,330.00. Following the completion of the sale, the director now owns 17,375 shares of the company’s stock, valued at $5,235,608.75. The trade was a 5.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.11% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $350.00 target price (down previously from $378.00) on shares of Molina Healthcare in a research note on Tuesday, December 17th. UBS Group cut their target price on Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating on the stock in a research note on Friday, February 7th. Barclays cut their target price on Molina Healthcare from $372.00 to $339.00 and set an “equal weight” rating on the stock in a research note on Friday, February 7th. Stephens reiterated an “equal weight” rating and issued a $345.00 target price on shares of Molina Healthcare in a research note on Thursday, February 6th. Finally, StockNews.com downgraded Molina Healthcare from a “buy” rating to a “hold” rating in a report on Monday, March 10th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $355.69.

Molina Healthcare Trading Down 0.8 %

Molina Healthcare stock opened at $308.51 on Friday. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.69. Molina Healthcare, Inc. has a 52 week low of $262.32 and a 52 week high of $423.92. The company has a market capitalization of $17.12 billion, a price-to-earnings ratio of 15.10, a price-to-earnings-growth ratio of 1.06 and a beta of 0.56. The stock has a 50-day moving average price of $297.78 and a 200 day moving average price of $311.20.

Molina Healthcare (NYSE:MOH) last released its earnings results on Wednesday, February 5th. The company reported $5.05 EPS for the quarter, missing analysts’ consensus estimates of $5.74 by ($0.69). Molina Healthcare had a return on equity of 28.13% and a net margin of 2.90%. Sell-side analysts anticipate that Molina Healthcare, Inc. will post 24.4 EPS for the current year.

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.