Molina Healthcare, Inc. (NYSE:MOH) Shares Sold by Sentry Investment Management LLC

Sentry Investment Management LLC decreased its holdings in shares of Molina Healthcare, Inc. (NYSE:MOH) by 9.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 304 shares of the company’s stock after selling 33 shares during the quarter. Sentry Investment Management LLC’s holdings in Molina Healthcare were worth $110,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Molina Healthcare during the third quarter worth about $30,000. Coppell Advisory Solutions Corp. purchased a new stake in shares of Molina Healthcare during the 4th quarter valued at about $34,000. VisionPoint Advisory Group LLC lifted its position in Molina Healthcare by 105.6% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 111 shares of the company’s stock worth $36,000 after acquiring an additional 57 shares in the last quarter. Friedenthal Financial purchased a new position in Molina Healthcare in the 4th quarter worth approximately $43,000. Finally, Brown Brothers Harriman & Co. acquired a new stake in Molina Healthcare in the first quarter valued at approximately $40,000. 98.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on MOH. Truist Financial boosted their target price on shares of Molina Healthcare from $435.00 to $460.00 and gave the stock a “buy” rating in a research report on Tuesday, February 20th. Wells Fargo & Company decreased their price objective on shares of Molina Healthcare from $440.00 to $410.00 and set an “equal weight” rating for the company in a research report on Monday. UBS Group lifted their target price on Molina Healthcare from $350.00 to $380.00 and gave the stock a “neutral” rating in a research report on Thursday, December 21st. Bank of America cut Molina Healthcare from a “neutral” rating to an “underperform” rating and set a $439.00 price target on the stock. in a research note on Thursday, March 28th. Finally, StockNews.com lowered Molina Healthcare from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 8th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $393.09.

Molina Healthcare Trading Up 0.7 %

NYSE:MOH opened at $359.82 on Thursday. The company has a market cap of $21.08 billion, a PE ratio of 19.16, a P/E/G ratio of 1.00 and a beta of 0.47. The business’s 50 day moving average is $395.16 and its two-hundred day moving average is $370.78. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.57. Molina Healthcare, Inc. has a 52 week low of $266.35 and a 52 week high of $423.92.

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

Insider Activity

In related news, Director Richard M. Schapiro sold 1,000 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $401.05, for a total transaction of $401,050.00. Following the sale, the director now owns 11,207 shares in the company, valued at $4,494,567.35. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director Richard M. Schapiro sold 1,000 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at $4,494,567.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Mark Lowell Keim sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $386.56, for a total value of $5,798,400.00. Following the completion of the sale, the chief financial officer now directly owns 36,531 shares in the company, valued at approximately $14,121,423.36. The disclosure for this sale can be found here. In the last three months, insiders sold 16,711 shares of company stock valued at $6,472,517. Company insiders own 1.10% of the company’s stock.

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.