Molina Healthcare, Inc (NYSE:MOH) Receives $193.47 Consensus Target Price from Analysts

Shares of Molina Healthcare, Inc (NYSE:MOH) have received an average recommendation of “Hold” from the fifteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $193.4667.

Several analysts have recently weighed in on MOH shares. Truist Financial set a $175.00 target price on Molina Healthcare in a research note on Friday, October 24th. Morgan Stanley set a $158.00 price target on Molina Healthcare in a report on Friday, October 24th. TD Cowen lowered Molina Healthcare from a “buy” rating to a “hold” rating and set a $203.00 price objective for the company. in a research note on Thursday, October 16th. UBS Group dropped their price objective on Molina Healthcare from $180.00 to $170.00 and set a “neutral” rating on the stock in a report on Friday, October 24th. Finally, Jefferies Financial Group set a $160.00 target price on Molina Healthcare in a research note on Tuesday, December 16th.

Insider Transactions at Molina Healthcare

In other Molina Healthcare news, Director Richard M. Schapiro sold 357 shares of the stock in a transaction on Monday, November 24th. The shares were sold at an average price of $143.02, for a total transaction of $51,058.14. Following the transaction, the director directly owned 11,352 shares in the company, valued at $1,623,563.04. This represents a 3.05% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.26% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Molina Healthcare

Hedge funds and other institutional investors have recently modified their holdings of the stock. New York State Teachers Retirement System lifted its position in shares of Molina Healthcare by 0.9% during the fourth quarter. New York State Teachers Retirement System now owns 44,196 shares of the company’s stock worth $7,670,000 after purchasing an additional 379 shares during the last quarter. Bogart Wealth LLC increased its holdings in Molina Healthcare by 100.5% in the fourth quarter. Bogart Wealth LLC now owns 407 shares of the company’s stock valued at $71,000 after buying an additional 204 shares during the last quarter. Wealthfront Advisers LLC raised its stake in Molina Healthcare by 48.8% during the fourth quarter. Wealthfront Advisers LLC now owns 57,098 shares of the company’s stock valued at $9,909,000 after buying an additional 18,730 shares in the last quarter. ARGA Investment Management LP acquired a new stake in Molina Healthcare during the fourth quarter valued at approximately $713,000. Finally, Torren Management LLC bought a new position in Molina Healthcare during the 4th quarter worth approximately $26,000. Institutional investors own 98.50% of the company’s stock.

Molina Healthcare Price Performance

Shares of MOH stock opened at $179.28 on Friday. The firm has a fifty day simple moving average of $170.99 and a 200-day simple moving average of $171.29. The company has a market capitalization of $9.72 billion, a PE ratio of 11.10 and a beta of 0.49. Molina Healthcare has a twelve month low of $133.40 and a twelve month high of $359.97. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.92.

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.