American International Group Inc. Sells 153 Shares of Molina Healthcare, Inc. (NYSE:MOH)

American International Group Inc. cut its stake in Molina Healthcare, Inc. (NYSE:MOHFree Report) by 0.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,134 shares of the company’s stock after selling 153 shares during the quarter. American International Group Inc.’s holdings in Molina Healthcare were worth $6,913,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. McIlrath & Eck LLC bought a new position in Molina Healthcare in the 4th quarter worth $34,000. VisionPoint Advisory Group LLC grew its position in shares of Molina Healthcare by 105.6% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 111 shares of the company’s stock worth $36,000 after buying an additional 57 shares during the period. Principal Securities Inc. purchased a new stake in shares of Molina Healthcare in the 4th quarter worth about $42,000. Friedenthal Financial purchased a new stake in shares of Molina Healthcare in the 4th quarter worth about $43,000. Finally, Householder Group Estate & Retirement Specialist LLC grew its position in shares of Molina Healthcare by 3,933.3% in the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 121 shares of the company’s stock worth $43,000 after buying an additional 118 shares during the period. 98.50% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Molina Healthcare news, COO James Woys sold 10,000 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $345.15, for a total transaction of $3,451,500.00. Following the completion of the sale, the chief operating officer now directly owns 53,613 shares of the company’s stock, valued at approximately $18,504,526.95. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, COO James Woys sold 10,000 shares of the firm’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $345.15, for a total value of $3,451,500.00. Following the completion of the transaction, the chief operating officer now directly owns 53,613 shares of the company’s stock, valued at $18,504,526.95. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Ronna Romney sold 250 shares of the firm’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $343.27, for a total transaction of $85,817.50. Following the completion of the transaction, the director now directly owns 16,945 shares of the company’s stock, valued at $5,816,710.15. The disclosure for this sale can be found here. 1.11% of the stock is owned by company insiders.

Molina Healthcare Price Performance

Shares of NYSE:MOH opened at $307.98 on Tuesday. The firm’s 50 day moving average price is $346.73 and its 200-day moving average price is $368.88. Molina Healthcare, Inc. has a twelve month low of $269.67 and a twelve month high of $423.92. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $18.05 billion, a PE ratio of 16.71, a price-to-earnings-growth ratio of 0.95 and a beta of 0.58.

Molina Healthcare (NYSE:MOHGet Free Report) last released its earnings results on Wednesday, April 24th. The company reported $5.73 EPS for the quarter, topping analysts’ consensus estimates of $5.46 by $0.27. Molina Healthcare had a net margin of 2.99% and a return on equity of 29.86%. The company had revenue of $9.93 billion for the quarter, compared to analysts’ expectations of $9.45 billion. During the same quarter last year, the business earned $5.81 EPS. The firm’s revenue was up 21.9% compared to the same quarter last year. Equities research analysts expect that Molina Healthcare, Inc. will post 23.56 EPS for the current year.

Analyst Upgrades and Downgrades

MOH has been the topic of a number of recent research reports. JPMorgan Chase & Co. reduced their target price on shares of Molina Healthcare from $435.00 to $420.00 and set an “overweight” rating on the stock in a research report on Thursday, May 30th. Cantor Fitzgerald reissued an “overweight” rating and set a $406.00 price objective on shares of Molina Healthcare in a research report on Thursday, April 4th. Wells Fargo & Company cut their price objective on shares of Molina Healthcare from $410.00 to $375.00 and set an “equal weight” rating on the stock in a research report on Monday, April 29th. Stephens reissued an “equal weight” rating and set a $390.00 price objective on shares of Molina Healthcare in a research report on Thursday, April 25th. Finally, Bank of America downgraded shares of Molina Healthcare from a “neutral” rating to an “underperform” rating and set a $439.00 price objective on the stock. in a research report on Thursday, March 28th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $407.45.

Check Out Our Latest Stock Report on MOH

About Molina Healthcare

(Free Report)

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.

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Institutional Ownership by Quarter for Molina Healthcare (NYSE:MOH)

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