Generali Asset Management SPA SGR Makes New $4.01 Million Investment in Molina Healthcare, Inc. (NYSE:MOH)

Generali Asset Management SPA SGR bought a new position in shares of Molina Healthcare, Inc. (NYSE:MOH) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 13,767 shares of the company’s stock, valued at approximately $4,007,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Signaturefd LLC grew its holdings in Molina Healthcare by 40.3% during the 4th quarter. Signaturefd LLC now owns 1,122 shares of the company’s stock worth $327,000 after acquiring an additional 322 shares during the last quarter. Cibc World Markets Corp grew its holdings in Molina Healthcare by 14.0% during the 4th quarter. Cibc World Markets Corp now owns 9,112 shares of the company’s stock worth $2,652,000 after acquiring an additional 1,117 shares during the last quarter. Corient Private Wealth LLC grew its holdings in Molina Healthcare by 5.2% during the 4th quarter. Corient Private Wealth LLC now owns 5,437 shares of the company’s stock worth $1,583,000 after acquiring an additional 271 shares during the last quarter. Royce & Associates LP boosted its stake in shares of Molina Healthcare by 15.5% in the 4th quarter. Royce & Associates LP now owns 35,654 shares of the company’s stock valued at $10,377,000 after purchasing an additional 4,787 shares during the last quarter. Finally, Natixis Advisors LLC boosted its stake in shares of Molina Healthcare by 6.7% in the 4th quarter. Natixis Advisors LLC now owns 29,928 shares of the company’s stock valued at $8,711,000 after purchasing an additional 1,881 shares during the last quarter. 98.50% of the stock is owned by institutional investors.

Molina Healthcare Stock Performance

Shares of MOH stock opened at $316.97 on Wednesday. The firm has a 50-day moving average of $298.86 and a 200-day moving average of $309.90. The company has a market cap of $17.59 billion, a P/E ratio of 15.51, a P/E/G ratio of 1.06 and a beta of 0.56. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.62 and a quick ratio of 1.62. Molina Healthcare, Inc. has a one year low of $262.32 and a one year high of $423.92.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $5.05 earnings per share for the quarter, missing the consensus estimate of $5.74 by ($0.69). Molina Healthcare had a net margin of 2.90% and a return on equity of 28.13%. Equities research analysts forecast that Molina Healthcare, Inc. will post 24.4 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

MOH has been the topic of a number of analyst reports. UBS Group reduced their price objective on shares of Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating on the stock in a research note on Friday, February 7th. Barclays reduced their price objective on shares of Molina Healthcare from $372.00 to $339.00 and set an “equal weight” rating on the stock in a research note on Friday, February 7th. Truist Financial reduced their price objective on shares of Molina Healthcare from $370.00 to $340.00 and set a “buy” rating on the stock in a research note on Wednesday, February 19th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $350.00 price objective (down from $378.00) on shares of Molina Healthcare in a research note on Tuesday, December 17th. Finally, Mizuho reduced their price objective on shares of Molina Healthcare from $382.00 to $376.00 and set an “outperform” rating on the stock in a research note on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Molina Healthcare currently has a consensus rating of “Hold” and a consensus target price of $355.69.

Insider Activity at Molina Healthcare

In related news, Director Steven J. Orlando sold 1,000 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $301.33, for a total transaction of $301,330.00. Following the completion of the transaction, the director now owns 17,375 shares in the company, valued at approximately $5,235,608.75. This represents a 5.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.10% of the stock is owned by company insiders.

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.