Principal Financial Group Inc. Sells 5,125 Shares of Molina Healthcare, Inc $MOH

Principal Financial Group Inc. reduced its stake in Molina Healthcare, Inc (NYSE:MOH) by 7.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 63,756 shares of the company’s stock after selling 5,125 shares during the quarter. Principal Financial Group Inc.’s holdings in Molina Healthcare were worth $12,200,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Concurrent Investment Advisors LLC raised its position in shares of Molina Healthcare by 7.0% in the second quarter. Concurrent Investment Advisors LLC now owns 944 shares of the company’s stock valued at $281,000 after purchasing an additional 62 shares during the period. Asset Management One Co. Ltd. grew its stake in Molina Healthcare by 0.3% in the 3rd quarter. Asset Management One Co. Ltd. now owns 22,737 shares of the company’s stock valued at $4,351,000 after buying an additional 66 shares during the last quarter. Twin Capital Management Inc. raised its holdings in Molina Healthcare by 6.3% in the 2nd quarter. Twin Capital Management Inc. now owns 1,181 shares of the company’s stock worth $352,000 after acquiring an additional 70 shares during the period. Parkside Financial Bank & Trust lifted its position in Molina Healthcare by 18.9% during the 2nd quarter. Parkside Financial Bank & Trust now owns 446 shares of the company’s stock worth $133,000 after acquiring an additional 71 shares during the last quarter. Finally, First National Advisers LLC lifted its position in Molina Healthcare by 6.4% during the 2nd quarter. First National Advisers LLC now owns 1,297 shares of the company’s stock worth $386,000 after acquiring an additional 78 shares during the last quarter. Institutional investors and hedge funds own 98.50% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on MOH. TD Cowen lowered their price target on Molina Healthcare from $175.00 to $144.00 and set a “hold” rating on the stock in a research report on Monday. Barclays lowered their target price on Molina Healthcare from $164.00 to $133.00 and set an “underweight” rating on the stock in a report on Tuesday. Wells Fargo & Company upped their price target on Molina Healthcare from $165.00 to $208.00 and gave the stock an “overweight” rating in a report on Wednesday, January 7th. Sanford C. Bernstein reissued an “outperform” rating and issued a $224.00 price objective on shares of Molina Healthcare in a research report on Tuesday, January 6th. Finally, Mizuho set a $220.00 price objective on shares of Molina Healthcare in a research note on Friday, January 9th. Three equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Molina Healthcare presently has an average rating of “Hold” and an average price target of $164.79.

Insider Transactions at Molina Healthcare

In other news, Director Richard M. Schapiro sold 357 shares of the stock in a transaction on Monday, November 24th. The shares were sold at an average price of $143.02, for a total value of $51,058.14. Following the completion of the transaction, the director owned 11,352 shares in the company, valued at approximately $1,623,563.04. This represents a 3.05% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.10% of the stock is owned by company insiders.

Molina Healthcare Price Performance

Shares of MOH stock opened at $122.66 on Thursday. Molina Healthcare, Inc has a 12 month low of $121.06 and a 12 month high of $359.97. The company has a market capitalization of $6.65 billion, a P/E ratio of 14.33 and a beta of 0.49. The stock has a 50 day moving average of $171.90 and a two-hundred day moving average of $169.86. The company has a current ratio of 1.69, a quick ratio of 1.68 and a debt-to-equity ratio of 0.97.

Molina Healthcare (NYSE:MOH) last released its quarterly earnings data on Thursday, February 5th. The company reported ($2.75) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($3.18). The firm had revenue of $11.38 billion for the quarter, compared to the consensus estimate of $10.90 billion. Molina Healthcare had a net margin of 1.04% and a return on equity of 13.60%. The business’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $5.05 earnings per share. Molina Healthcare has set its FY 2026 guidance at 5.000- EPS. As a group, equities analysts expect that Molina Healthcare, Inc will post 24.4 EPS for the current year.

About Molina Healthcare

Molina Healthcare, Inc is a managed care company specializing in government-sponsored health insurance programs. The company offers Medicaid managed care plans, Medicare Advantage and prescription drug plans, and individual Marketplace plans under the Affordable Care Act. Through an integrated care model, Molina emphasizes preventive and primary care services, care coordination, and disease management to improve health outcomes for its members.

The company traces its roots to the early 1980s, when Dr.