Signet Financial Management LLC Sells 62 Shares of Molina Healthcare, Inc. (NYSE:MOH)

Signet Financial Management LLC lowered its position in Molina Healthcare, Inc. (NYSE:MOH) by 1.0% in the 4th quarter, HoldingsChannel reports. The fund owned 6,017 shares of the company’s stock after selling 62 shares during the period. Signet Financial Management LLC’s holdings in Molina Healthcare were worth $2,174,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in MOH. Mackenzie Financial Corp raised its stake in Molina Healthcare by 80.2% during the 4th quarter. Mackenzie Financial Corp now owns 11,719 shares of the company’s stock valued at $4,234,000 after purchasing an additional 5,216 shares during the period. Strs Ohio purchased a new position in shares of Molina Healthcare in the 4th quarter worth approximately $2,229,000. Lecap Asset Management Ltd. purchased a new position in Molina Healthcare during the 4th quarter valued at $2,361,000. Louisiana State Employees Retirement System bought a new position in shares of Molina Healthcare in the 4th quarter worth $1,265,000. Finally, Simplicity Solutions LLC grew its stake in Molina Healthcare by 39.6% during the 4th quarter. Simplicity Solutions LLC now owns 2,183 shares of the company’s stock valued at $789,000 after purchasing an additional 619 shares during the last quarter. Hedge funds and other institutional investors own 98.50% of the company’s stock.

Wall Street Analyst Weigh In

MOH has been the topic of a number of recent analyst reports. StockNews.com downgraded Molina Healthcare from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 8th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $406.00 target price on shares of Molina Healthcare in a report on Thursday, April 4th. Truist Financial lifted their target price on Molina Healthcare from $435.00 to $460.00 and gave the company a “buy” rating in a report on Tuesday, February 20th. Wells Fargo & Company cut their price target on Molina Healthcare from $440.00 to $410.00 and set an “equal weight” rating on the stock in a research note on Monday. Finally, UBS Group raised their price target on Molina Healthcare from $350.00 to $380.00 and gave the company a “neutral” rating in a research note on Thursday, December 21st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $393.09.

Molina Healthcare Price Performance

Shares of MOH stock traded up $0.03 during trading hours on Tuesday, reaching $360.88. The stock had a trading volume of 343,896 shares, compared to its average volume of 388,222. The stock’s fifty day simple moving average is $395.20 and its 200 day simple moving average is $370.65. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.57. Molina Healthcare, Inc. has a 12 month low of $266.35 and a 12 month high of $423.92. The firm has a market capitalization of $21.14 billion, a PE ratio of 19.22, a PEG ratio of 1.06 and a beta of 0.47.

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

Insider Activity at Molina Healthcare

In other Molina Healthcare news, Director Richard M. Schapiro sold 711 shares of the business’s stock in a transaction dated 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 owns 12,207 shares of the company’s stock, valued at $4,688,220.42. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CFO Mark Lowell Keim sold 15,000 shares of the firm’s stock in a transaction dated 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 sale, the chief financial officer now directly owns 36,531 shares of the company’s stock, valued at $14,121,423.36. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Richard M. Schapiro sold 711 shares of Molina Healthcare stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $384.06, for a total value of $273,066.66. Following the sale, the director now directly owns 12,207 shares in the company, valued at $4,688,220.42. The disclosure for this sale can be found here. Insiders sold 16,711 shares of company stock valued at $6,472,517 in the last ninety days. Corporate insiders own 1.11% of the company’s stock.

About Molina Healthcare

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.