Nisa Investment Advisors LLC Purchases 2,580 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Nisa Investment Advisors LLC grew its position in Molina Healthcare, Inc. (NYSE:MOH) by 36.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,707 shares of the company’s stock after purchasing an additional 2,580 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Molina Healthcare were worth $3,507,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of MOH. Vanguard Group Inc. lifted its holdings in Molina Healthcare by 18.4% in the 1st quarter. Vanguard Group Inc. now owns 6,449,375 shares of the company’s stock worth $2,151,448,000 after purchasing an additional 1,001,372 shares in the last quarter. Norges Bank bought a new position in shares of Molina Healthcare during the fourth quarter worth $214,801,000. Durable Capital Partners LP bought a new stake in Molina Healthcare in the 1st quarter valued at $214,363,000. Invesco Ltd. lifted its stake in Molina Healthcare by 151.6% in the 1st quarter. Invesco Ltd. now owns 893,693 shares of the company’s stock worth $298,128,000 after purchasing an additional 538,493 shares in the last quarter. Finally, State Street Corp boosted its holdings in shares of Molina Healthcare by 25.6% during the 1st quarter. State Street Corp now owns 2,457,008 shares of the company’s stock valued at $819,633,000 after purchasing an additional 501,107 shares during the last quarter. 98.50% of the stock is owned by hedge funds and other institutional investors.

Molina Healthcare Stock Performance

MOH opened at $376.78 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.54 and a current ratio of 1.54. The stock’s 50 day moving average price is $395.00 and its 200-day moving average price is $369.93. Molina Healthcare, Inc. has a one year low of $266.35 and a one year high of $423.92. The stock has a market cap of $22.07 billion, a price-to-earnings ratio of 20.06, a P/E/G ratio of 1.06 and a beta of 0.47.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings results on Wednesday, February 7th. The company reported $4.38 earnings per share for the quarter, beating the consensus estimate of $4.31 by $0.07. Molina Healthcare had a net margin of 3.20% and a return on equity of 32.34%. The firm had revenue of $9.05 billion during the quarter, compared to the consensus estimate of $8.35 billion. During the same quarter in the previous year, the firm posted $4.10 earnings per share. The company’s revenue was up 10.0% on a year-over-year basis. On average, equities analysts forecast that Molina Healthcare, Inc. will post 23.62 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on MOH shares. Wells Fargo & Company boosted their target price on Molina Healthcare from $420.00 to $440.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 20th. StockNews.com cut shares of Molina Healthcare from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 8th. Bank of America lowered shares of Molina Healthcare from a “neutral” rating to an “underperform” rating and set a $439.00 price objective for the company. in a research report on Thursday, March 28th. UBS Group boosted their target price on shares of Molina Healthcare from $350.00 to $380.00 and gave the stock a “neutral” rating in a report on Thursday, December 21st. Finally, Truist Financial increased their price target on shares of Molina Healthcare from $435.00 to $460.00 and gave the company a “buy” rating in a report on Tuesday, February 20th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $395.82.

Insider Activity

In related news, Director Richard M. Schapiro sold 711 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $384.06, for a total transaction of $273,066.66. Following the completion of the sale, the director now directly owns 12,207 shares in the company, valued at approximately $4,688,220.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Richard M. Schapiro sold 711 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $384.06, for a total transaction of $273,066.66. Following the completion of the sale, the director now owns 12,207 shares of the company’s stock, valued at $4,688,220.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard M. Schapiro sold 1,000 shares of Molina Healthcare stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $401.05, for a total transaction of $401,050.00. Following the completion of the transaction, the director now directly owns 11,207 shares in the company, valued at $4,494,567.35. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 16,711 shares of company stock worth $6,472,517. Corporate insiders own 1.10% of the company’s stock.

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.