Principal Financial Group Inc. grew its stake in shares of Molina Healthcare, Inc. (NYSE:MOH) by 1.2% in the first quarter, HoldingsChannel.com reports. The firm owned 289,233 shares of the company’s stock after acquiring an additional 3,341 shares during the period. Principal Financial Group Inc.’s holdings in Molina Healthcare were worth $41,060,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc increased its stake in Molina Healthcare by 14.0% in the third quarter. Vanguard Group Inc now owns 5,773,626 shares of the company’s stock valued at $858,538,000 after purchasing an additional 709,776 shares in the last quarter. Strs Ohio increased its stake in Molina Healthcare by 4.1% in the fourth quarter. Strs Ohio now owns 2,485 shares of the company’s stock valued at $288,000 after purchasing an additional 98 shares in the last quarter. D.A. Davidson & CO. bought a new stake in Molina Healthcare in the fourth quarter valued at $209,000. Advisors Asset Management Inc. increased its stake in Molina Healthcare by 58.9% in the fourth quarter. Advisors Asset Management Inc. now owns 14,662 shares of the company’s stock valued at $1,704,000 after purchasing an additional 5,436 shares in the last quarter. Finally, Crossmark Global Holdings Inc. increased its stake in Molina Healthcare by 21.7% in the fourth quarter. Crossmark Global Holdings Inc. now owns 7,798 shares of the company’s stock valued at $906,000 after purchasing an additional 1,390 shares in the last quarter.

Several equities research analysts have weighed in on MOH shares. Barclays decreased their price target on shares of Molina Healthcare from $140.00 to $130.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 17th. Cowen began coverage on shares of Molina Healthcare in a research report on Thursday, February 28th. They set a “market perform” rating for the company. BMO Capital Markets raised shares of Molina Healthcare from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $154.00 to $200.00 in a research report on Monday, June 3rd. Wells Fargo & Co raised shares of Molina Healthcare from a “market perform” rating to an “outperform” rating and set a $177.00 target price for the company in a research report on Friday, May 31st. Finally, Morgan Stanley boosted their target price on shares of Molina Healthcare from $180.00 to $192.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 13th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $160.92.

Molina Healthcare stock traded down $3.57 during midday trading on Wednesday, hitting $148.49. 4,973 shares of the stock were exchanged, compared to its average volume of 865,073. Molina Healthcare, Inc. has a 52-week low of $91.54 and a 52-week high of $159.00. The stock has a market cap of $9.63 billion, a PE ratio of 13.41, a price-to-earnings-growth ratio of 1.07 and a beta of 1.36. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.57 and a current ratio of 1.57.

Molina Healthcare (NYSE:MOH) last released its quarterly earnings results on Monday, April 29th. The company reported $3.04 earnings per share for the quarter, topping the consensus estimate of $2.41 by $0.63. The business had revenue of $4.12 billion for the quarter, compared to analysts’ expectations of $4.07 billion. Molina Healthcare had a net margin of 4.35% and a return on equity of 49.21%. The firm’s revenue for the quarter was down 11.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.26 earnings per share. As a group, analysts predict that Molina Healthcare, Inc. will post 10.94 EPS for the current fiscal year.

In other news, Director Daniel Cooperman sold 4,004 shares of the stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $155.00, for a total value of $620,620.00. Following the transaction, the director now owns 4,096 shares of the company’s stock, valued at approximately $634,880. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Garrey Carruthers sold 1,300 shares of the stock in a transaction on Monday, June 10th. The stock was sold at an average price of $152.75, for a total transaction of $198,575.00. The disclosure for this sale can be found here. Insiders have sold a total of 6,304 shares of company stock worth $945,495 over the last 90 days. 0.77% of the stock is currently owned by corporate insiders.

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Molina Healthcare Company Profile

Molina Healthcare, Inc provides Medicaid-related solutions to meet the health care needs of low-income families and individuals; and to assist state agencies in their administration of the Medicaid program in the United States. It operates through three segments: Health Plans, Molina Medicaid Solutions, and Other.

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

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