Louisiana State Employees Retirement System Purchases Shares of 22,800 Molina Healthcare, Inc $MOH

Louisiana State Employees Retirement System bought a new stake in shares of Molina Healthcare, Inc (NYSE:MOH) during the first quarter, Holdings Channel reports. The institutional investor bought 22,800 shares of the company’s stock, valued at approximately $3,039,000.

Several other institutional investors have also bought and sold shares of the stock. AQR Capital Management LLC boosted its stake in Molina Healthcare by 217.0% in the third quarter. AQR Capital Management LLC now owns 2,934,130 shares of the company’s stock valued at $561,475,000 after acquiring an additional 2,008,458 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its stake in shares of Molina Healthcare by 10.2% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,171,433 shares of the company’s stock worth $376,831,000 after purchasing an additional 201,772 shares during the last quarter. Invesco Ltd. lifted its stake in Molina Healthcare by 24.2% in the fourth quarter. Invesco Ltd. now owns 1,690,981 shares of the company’s stock valued at $293,453,000 after purchasing an additional 329,679 shares during the last quarter. Victory Capital Management Inc. increased its position in Molina Healthcare by 46.4% in the fourth quarter. Victory Capital Management Inc. now owns 1,410,604 shares of the company’s stock worth $244,796,000 after buying an additional 447,078 shares during the last quarter. Finally, 8 Knots Management LLC purchased a new stake in Molina Healthcare in the fourth quarter worth $198,942,000. Institutional investors own 98.50% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on MOH. Barclays boosted their price objective on Molina Healthcare from $161.00 to $199.00 and gave the company an “underweight” rating in a research note on Tuesday, May 26th. Truist Financial lifted their target price on shares of Molina Healthcare from $180.00 to $205.00 and gave the stock a “hold” rating in a research note on Monday, May 11th. Wall Street Zen raised shares of Molina Healthcare from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Weiss Ratings upgraded shares of Molina Healthcare from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday. Finally, Mizuho set a $215.00 price objective on shares of Molina Healthcare in a report on Monday, June 8th. Three 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. According to MarketBeat.com, Molina Healthcare has an average rating of “Hold” and an average target price of $184.81.

Insider Activity

In other news, 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 transaction, the insider directly owned 67,175 shares in the company, valued at $12,502,611. This trade represents a 20.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Maurice Hebert sold 600 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $191.55, for a total transaction of $114,930.00. Following the transaction, the chief accounting officer owned 12,815 shares in the company, valued at $2,454,713.25. This represents a 4.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 1.44% of the company’s stock.

Molina Healthcare Stock Performance

NYSE MOH opened at $229.81 on Monday. Molina Healthcare, Inc has a 52-week low of $121.06 and a 52-week high of $311.52. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.63 and a current ratio of 1.63. The company has a market capitalization of $11.97 billion, a P/E ratio of 67.99 and a beta of 0.80. The company has a fifty day moving average of $186.48 and a 200-day moving average of $168.43.

Molina Healthcare (NYSE:MOH) last released its earnings results on Wednesday, April 22nd. The company reported $2.35 earnings per share for the quarter, topping 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 company had revenue of $10.80 billion during the quarter, compared to the consensus estimate of $10.91 billion. During the same quarter in the previous year, the company posted $6.08 EPS. Molina Healthcare’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 predict that Molina Healthcare, Inc will post 5.23 EPS for the current fiscal year.

Molina Healthcare Profile

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.