Manning & Napier Advisors LLC Takes $73.10 Million Position in Molina Healthcare, Inc $MOH

Manning & Napier Advisors LLC purchased a new stake in Molina Healthcare, Inc (NYSE:MOH) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 545,417 shares of the company’s stock, valued at approximately $73,102,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its stake in Molina Healthcare by 23.8% during the 4th quarter. Blue Trust Inc. now owns 322 shares of the company’s stock valued at $56,000 after purchasing an additional 62 shares during the period. Caitong International Asset Management Co. Ltd boosted its position in shares of Molina Healthcare by 64.5% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 232 shares of the company’s stock worth $40,000 after buying an additional 91 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Molina Healthcare by 0.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,668 shares of the company’s stock worth $2,616,000 after buying an additional 92 shares during the period. Public Employees Retirement System of Ohio grew its holdings in shares of Molina Healthcare by 0.6% during the third quarter. Public Employees Retirement System of Ohio now owns 16,753 shares of the company’s stock valued at $3,206,000 after buying an additional 104 shares in the last quarter. Finally, Brown Brothers Harriman & Co. grew its holdings in shares of Molina Healthcare by 96.1% during the fourth quarter. Brown Brothers Harriman & Co. now owns 249 shares of the company’s stock valued at $43,000 after buying an additional 122 shares in the last quarter. Institutional investors and hedge funds own 98.50% of the company’s stock.

Insider Transactions at Molina Healthcare

In other news, CAO Maurice Hebert sold 600 shares of Molina Healthcare stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $191.55, for a total transaction of $114,930.00. Following the completion of the sale, the chief accounting officer directly owned 12,815 shares in the company, valued at $2,454,713.25. The trade was a 4.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jeff D. Barlow sold 17,811 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $186.12, for a total value of $3,314,983.32. Following the completion of the sale, the insider directly owned 67,175 shares of the company’s stock, valued at approximately $12,502,611. The trade was a 20.96% decrease in their position. The SEC filing for this sale provides additional information. 1.44% of the stock is owned by company insiders.

Analyst Ratings Changes

MOH has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $129.00 price objective on shares of Molina Healthcare in a research note on Friday, April 24th. Wall Street Zen raised Molina Healthcare from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Weiss Ratings upgraded Molina Healthcare from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, June 25th. Mizuho set a $215.00 price target on shares of Molina Healthcare in a research report on Monday, June 8th. Finally, JPMorgan Chase & Co. raised their price target on shares of Molina Healthcare from $169.00 to $191.00 and gave the stock a “neutral” rating in a report on Monday, June 8th. Three research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $185.88.

Molina Healthcare Stock Down 0.1%

Shares of NYSE MOH traded down $0.15 during mid-day trading on Friday, reaching $231.94. The company had a trading volume of 688,136 shares, compared to its average volume of 968,227. 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, Inc has a twelve month low of $121.06 and a twelve month high of $243.50. The stock’s 50 day moving average is $199.29 and its 200-day moving average is $173.08. The stock has a market capitalization of $12.08 billion, a PE ratio of 68.62 and a beta of 0.74.

Molina Healthcare (NYSE:MOH) last released its quarterly earnings data on Wednesday, April 22nd. The company reported $2.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.78. Molina Healthcare had a return on equity of 8.76% and a net margin of 0.42%.The firm had revenue of $10.80 billion during the quarter, compared to analysts’ expectations of $10.91 billion. During the same quarter last year, the firm earned $6.08 earnings per share. The business’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. As a group, equities analysts anticipate that Molina Healthcare, Inc will post 5.23 earnings per share for the current fiscal 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.