Insider Selling: Molina Healthcare, Inc. (NYSE:MOH) CEO Sells 30,600 Shares of Stock

Molina Healthcare, Inc. (NYSE:MOHGet Rating) CEO Joseph M. Zubretsky sold 30,600 shares of the stock in a transaction on Monday, September 19th. The stock was sold at an average price of $340.74, for a total value of $10,426,644.00. Following the transaction, the chief executive officer now owns 255,157 shares of the company’s stock, valued at $86,942,196.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Molina Healthcare Price Performance

Molina Healthcare stock opened at $329.51 on Friday. The business’s 50-day simple moving average is $328.46 and its 200 day simple moving average is $313.61. The stock has a market cap of $19.14 billion, a price-to-earnings ratio of 25.66, a P/E/G ratio of 1.14 and a beta of 0.83. Molina Healthcare, Inc. has a 12-month low of $249.78 and a 12-month high of $361.25. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.84.

Molina Healthcare (NYSE:MOHGet Rating) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $4.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.34 by $0.21. The business had revenue of $8.05 billion for the quarter, compared to analysts’ expectations of $7.69 billion. Molina Healthcare had a return on equity of 32.97% and a net margin of 2.48%. The firm’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same quarter last year, the business earned $3.40 earnings per share. As a group, research analysts anticipate that Molina Healthcare, Inc. will post 17.66 earnings per share for the current year.

Wall Street Analyst Weigh In

MOH has been the subject of several recent analyst reports. Loop Capital initiated coverage on Molina Healthcare in a research note on Thursday, June 16th. They set a “hold” rating and a $310.00 price objective for the company. Cowen increased their price objective on Molina Healthcare to $371.00 in a research note on Tuesday, August 9th. Deutsche Bank Aktiengesellschaft increased their price objective on Molina Healthcare from $311.00 to $315.00 in a research note on Monday, August 1st. Bank of America lowered Molina Healthcare from a “buy” rating to an “underperform” rating and dropped their price objective for the stock from $355.00 to $335.00 in a research note on Thursday, May 26th. Finally, Wells Fargo & Company increased their price objective on Molina Healthcare from $307.00 to $345.00 and gave the stock an “underweight” rating in a research note on Friday, August 26th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Molina Healthcare presently has an average rating of “Moderate Buy” and a consensus price target of $344.14.

Hedge Funds Weigh In On Molina Healthcare

Hedge funds have recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC boosted its holdings in Molina Healthcare by 123.5% in the first quarter. Steward Partners Investment Advisory LLC now owns 76 shares of the company’s stock valued at $25,000 after acquiring an additional 42 shares during the last quarter. Covestor Ltd acquired a new position in shares of Molina Healthcare during the 4th quarter worth about $25,000. Prospera Financial Services Inc bought a new stake in shares of Molina Healthcare in the 1st quarter valued at about $26,000. Private Trust Co. NA acquired a new stake in shares of Molina Healthcare in the 2nd quarter valued at approximately $25,000. Finally, JFS Wealth Advisors LLC raised its position in shares of Molina Healthcare by 447.1% in the 1st quarter. JFS Wealth Advisors LLC now owns 93 shares of the company’s stock valued at $31,000 after acquiring an additional 76 shares during the period. Institutional investors own 95.40% of the company’s stock.

Molina Healthcare Company Profile

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Molina Healthcare, Inc provides managed health care 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. As of December 31, 2021, the company served the company served approximately 5.2 million members eligible for Medicaid, Medicare, and other government-sponsored healthcare programs in 18 states.

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Insider Buying and Selling by Quarter for Molina Healthcare (NYSE:MOH)

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