Principal Financial Group Inc. boosted its position in shares of Molina Healthcare Inc (NYSE:MOH) by 5.2% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 187,134 shares of the company’s stock after buying an additional 9,196 shares during the quarter. Principal Financial Group Inc. owned approximately 0.33% of Molina Healthcare worth $12,946,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. State Board of Administration of Florida Retirement System raised its holdings in Molina Healthcare by 86.4% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 40,338 shares of the company’s stock valued at $2,791,000 after buying an additional 18,700 shares during the last quarter. Pacer Advisors Inc. raised its holdings in Molina Healthcare by 5.1% during the 2nd quarter. Pacer Advisors Inc. now owns 12,358 shares of the company’s stock valued at $855,000 after buying an additional 598 shares during the last quarter. Keybank National Association OH raised its holdings in Molina Healthcare by 10.5% during the 2nd quarter. Keybank National Association OH now owns 41,333 shares of the company’s stock valued at $2,859,000 after buying an additional 3,929 shares during the last quarter. California Public Employees Retirement System raised its holdings in Molina Healthcare by 3.4% during the 1st quarter. California Public Employees Retirement System now owns 67,200 shares of the company’s stock valued at $3,064,000 after buying an additional 2,200 shares during the last quarter. Finally, TD Asset Management Inc. bought a new stake in Molina Healthcare during the 2nd quarter valued at $1,858,000. Institutional investors own 96.04% of the company’s stock.

In related news, COO Terry Bayer sold 415 shares of Molina Healthcare stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $69.24, for a total value of $28,734.60. Following the completion of the sale, the chief operating officer now directly owns 80,672 shares in the company, valued at $5,585,729.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider William Dentino sold 66,000 shares of Molina Healthcare stock in a transaction dated Thursday, July 6th. The shares were sold at an average price of $68.68, for a total value of $4,532,880.00. The disclosure for this sale can be found here. Insiders sold 336,810 shares of company stock valued at $21,856,708 over the last 90 days. 6.20% of the stock is currently owned by corporate insiders.

Molina Healthcare Inc (NYSE:MOH) opened at 62.51 on Friday. Molina Healthcare Inc has a 12 month low of $42.56 and a 12 month high of $72.79. The firm’s 50-day moving average is $62.22 and its 200-day moving average is $60.55. The stock’s market capitalization is $3.57 billion.

Molina Healthcare (NYSE:MOH) last released its earnings results on Wednesday, August 2nd. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.87). Molina Healthcare had a positive return on equity of 16.10% and a negative net margin of 1.07%. The business had revenue of $5 billion for the quarter, compared to the consensus estimate of $4.88 billion. During the same quarter last year, the business posted $0.67 earnings per share. The firm’s revenue for the quarter was up 14.7% compared to the same quarter last year. On average, equities analysts expect that Molina Healthcare Inc will post ($2.96) earnings per share for the current fiscal year.

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A number of equities research analysts recently commented on the stock. Mitsubishi UFJ Financial Group assumed coverage on shares of Molina Healthcare in a report on Thursday. They set a “neutral” rating and a $70.00 price target for the company. Deutsche Bank AG reiterated a “hold” rating and set a $72.00 price target on shares of Molina Healthcare in a report on Wednesday, August 9th. TheStreet lowered shares of Molina Healthcare from a “b” rating to a “c” rating in a report on Monday, August 7th. BidaskClub lowered shares of Molina Healthcare from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. Finally, Morgan Stanley upgraded shares of Molina Healthcare from an “underweight” rating to an “overweight” rating and upped their price target for the company from $65.00 to $68.00 in a report on Thursday, August 17th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $62.90.

Molina Healthcare Profile

Molina Healthcare, Inc offers Medicaid-related solutions for low-income families and individuals, and assists government agencies in their administration of the Medicaid program. The Company operates through three segments: Health Plans, Molina Medicaid Solutions and Other, which includes its Pathways Health and Community Support LLC (Pathways) business.

Institutional Ownership by Quarter for Molina Healthcare (NYSE:MOH)

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