Molina Healthcare (NYSE:MOH) Hits New 1-Year High – Here’s What Happened

Molina Healthcare, Inc (NYSE:MOH)’s stock price hit a new 52-week high on Tuesday . The company traded as high as $243.77 and last traded at $243.34, with a volume of 981195 shares. The stock had previously closed at $233.31.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Truist Financial increased their price objective on Molina Healthcare from $180.00 to $205.00 and gave the company a “hold” rating in a report on Monday, May 11th. Morgan Stanley boosted their target price on Molina Healthcare from $146.00 to $167.00 and gave the stock an “equal weight” rating in a report on Thursday, June 4th. Royal Bank Of Canada upped their target price on Molina Healthcare from $216.00 to $248.00 and gave the stock a “sector perform” rating in a research report on Thursday. Zacks Research upgraded Molina Healthcare from a “strong sell” rating to a “hold” rating in a report on Monday, April 20th. Finally, Bank of America raised shares of Molina Healthcare from an “underperform” rating to a “buy” rating and set a $250.00 price target on the stock in a research report on Wednesday, April 29th. Three analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $194.50.

Molina Healthcare Stock Performance

The stock has a market cap of $12.68 billion, a P/E ratio of 71.99 and a beta of 0.74. The firm has a 50 day moving average of $200.26 and a two-hundred day moving average of $173.71. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.63 and a current ratio of 1.63.

Molina Healthcare (NYSE:MOH) last issued its quarterly earnings results on Wednesday, April 22nd. The company reported $2.35 EPS for the quarter, topping the consensus estimate of $1.57 by $0.78. Molina Healthcare had a return on equity of 8.76% and a net margin of 0.42%.The company had revenue of $10.80 billion for the quarter, compared to the consensus estimate of $10.91 billion. During the same period in the previous year, the business posted $6.08 EPS. The company’s revenue for the quarter was down 3.1% on a year-over-year basis. Molina Healthcare has set its FY 2026 guidance at 5.000- EPS. On average, research analysts predict that Molina Healthcare, Inc will post 5.23 EPS for the current fiscal year.

Insiders Place Their Bets

In other Molina Healthcare news, CAO Maurice Hebert sold 600 shares of the stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $191.55, for a total value of $114,930.00. Following the completion of the sale, the chief accounting officer directly owned 12,815 shares of the company’s stock, valued at $2,454,713.25. This represents a 4.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jeff D. Barlow sold 17,811 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $186.12, for a total transaction of $3,314,983.32. Following the completion of the sale, the insider owned 67,175 shares in the company, valued at $12,502,611. This represents a 20.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 1.44% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Family Wealth Partners LLC bought a new stake in shares of Molina Healthcare in the second quarter valued at about $298,000. Contravisory Investment Management Inc. acquired a new stake in Molina Healthcare during the second quarter worth about $89,000. Chemistry Wealth Management LLC increased its stake in Molina Healthcare by 52.5% during the second quarter. Chemistry Wealth Management LLC now owns 15,517 shares of the company’s stock valued at $3,549,000 after acquiring an additional 5,339 shares during the period. Beacon Investment Advisory Services Inc. increased its stake in Molina Healthcare by 13.3% during the second quarter. Beacon Investment Advisory Services Inc. now owns 5,202 shares of the company’s stock valued at $1,190,000 after acquiring an additional 609 shares during the period. Finally, Aurora Investment Managers LLC. raised its holdings in Molina Healthcare by 118.9% in the 2nd quarter. Aurora Investment Managers LLC. now owns 38,576 shares of the company’s stock valued at $8,822,000 after acquiring an additional 20,956 shares in the last quarter. Institutional investors and hedge funds own 98.50% of the company’s stock.

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.