Molina Healthcare, Inc $MOH Shares Purchased by State of Michigan Retirement System

State of Michigan Retirement System raised its holdings in Molina Healthcare, Inc (NYSE:MOH) by 1,568.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 224,044 shares of the company’s stock after buying an additional 210,612 shares during the quarter. State of Michigan Retirement System’s holdings in Molina Healthcare were worth $29,865,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Baird Financial Group Inc. purchased a new stake in Molina Healthcare in the first quarter valued at approximately $210,000. NewEdge Advisors LLC raised its stake in Molina Healthcare by 33.4% during the first quarter. NewEdge Advisors LLC now owns 1,106 shares of the company’s stock worth $364,000 after purchasing an additional 277 shares during the period. Jones Financial Companies Lllp raised its stake in Molina Healthcare by 713.3% during the first quarter. Jones Financial Companies Lllp now owns 1,651 shares of the company’s stock worth $544,000 after purchasing an additional 1,448 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Molina Healthcare by 19.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 249,466 shares of the company’s stock valued at $82,172,000 after purchasing an additional 40,531 shares during the last quarter. Finally, Woodline Partners LP acquired a new position in shares of Molina Healthcare in the 1st quarter valued at $1,541,000. Institutional investors and hedge funds own 98.50% of the company’s stock.

Molina Healthcare Stock Performance

NYSE:MOH opened at $243.34 on Tuesday. The firm’s fifty day simple moving average is $200.26 and its 200 day simple moving average is $173.71. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.97. Molina Healthcare, Inc has a twelve month low of $121.06 and a twelve month high of $243.77. The firm has a market capitalization of $12.68 billion, a price-to-earnings ratio of 71.99 and a beta of 0.74.

Molina Healthcare (NYSE:MOH) last announced its quarterly earnings results on Wednesday, April 22nd. The company reported $2.35 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $10.80 billion during the quarter, compared to the consensus estimate of $10.91 billion. During the same period in the prior year, the firm earned $6.08 EPS. The firm’s quarterly revenue was down 3.1% compared to the same quarter last year. Molina Healthcare has set its FY 2026 guidance at 5.000- EPS. As a group, equities research analysts expect that Molina Healthcare, Inc will post 5.23 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Jeff D. Barlow sold 17,811 shares of the firm’s stock in a transaction dated 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 sale, the insider directly owned 67,175 shares in the company, valued at approximately $12,502,611. This trade represents a 20.96% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Maurice Hebert sold 600 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $191.55, for a total value of $114,930.00. Following the transaction, the chief accounting officer directly owned 12,815 shares in the company, valued at $2,454,713.25. This trade represents a 4.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.44% of the stock is owned by corporate insiders.

Analyst Ratings Changes

MOH has been the subject of several research reports. Truist Financial boosted their price objective on shares of Molina Healthcare from $180.00 to $205.00 and gave the company a “hold” rating in a research note on Monday, May 11th. Cantor Fitzgerald lifted their target price on Molina Healthcare from $144.00 to $209.00 and gave the company a “neutral” rating in a report on Monday, May 11th. Bank of America raised Molina Healthcare from an “underperform” rating to a “buy” rating and set a $250.00 price target for the company in a research report on Wednesday, April 29th. Robert W. Baird upped their price target on Molina Healthcare from $124.00 to $163.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Finally, Weiss Ratings upgraded Molina Healthcare from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, June 25th. Three investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Molina Healthcare presently has a consensus rating of “Hold” and a consensus target price of $194.50.

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.