Hartford Investment Management Co. Lowers Stock Position in Molina Healthcare, Inc. (NYSE:MOH)

Hartford Investment Management Co. cut its position in shares of Molina Healthcare, Inc. (NYSE:MOH) by 5.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,539 shares of the company’s stock after selling 185 shares during the quarter. Hartford Investment Management Co.’s holdings in Molina Healthcare were worth $1,030,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. True Wealth Design LLC boosted its stake in shares of Molina Healthcare by 2,500.0% in the 3rd quarter. True Wealth Design LLC now owns 104 shares of the company’s stock worth $36,000 after buying an additional 100 shares during the last quarter. Versant Capital Management Inc grew its stake in Molina Healthcare by 83.1% in the 4th 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 period. Wingate Wealth Advisors Inc. purchased a new stake in shares of Molina Healthcare during the 4th quarter valued at $52,000. Capital Performance Advisors LLP bought a new stake in shares of Molina Healthcare during the 3rd quarter worth $62,000. Finally, AM Squared Ltd boosted its holdings in shares of Molina Healthcare by 50.0% in the 3rd quarter. AM Squared Ltd now owns 300 shares of the company’s stock worth $103,000 after buying an additional 100 shares during the last quarter. 98.50% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Wells Fargo & Company raised their price objective on shares of Molina Healthcare from $360.00 to $362.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Barclays decreased their price target on shares of Molina Healthcare from $372.00 to $339.00 and set an “equal weight” rating for the company in a research note on Friday, February 7th. Cantor Fitzgerald reissued an “overweight” rating and set a $406.00 price objective on shares of Molina Healthcare in a report on Thursday, October 24th. Stephens restated 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, Truist Financial cut their price target on Molina Healthcare from $400.00 to $370.00 and set a “buy” rating for the company in a research note on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $355.67.

Molina Healthcare Trading Up 0.6 %

Shares of MOH opened at $272.28 on Friday. Molina Healthcare, Inc. has a twelve month low of $262.32 and a twelve month high of $423.92. The stock has a market cap of $15.57 billion, a PE ratio of 13.33, a P/E/G ratio of 0.94 and a beta of 0.54. The company has a quick ratio of 1.55, a current ratio of 1.62 and a debt-to-equity ratio of 0.69. The business’s 50-day moving average price is $295.26 and its 200-day moving average price is $316.72.

Molina Healthcare (NYSE:MOH) last posted its earnings results on Wednesday, February 5th. The company reported $5.05 earnings per share 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%. On average, equities analysts forecast that Molina Healthcare, Inc. will post 24.5 EPS for the current fiscal year.

About Molina Healthcare

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.