Tokio Marine Asset Management Co. Ltd. Takes Position in Molina Healthcare, Inc. (MOH)

Tokio Marine Asset Management Co. Ltd. bought a new position in shares of Molina Healthcare, Inc. (NYSE:MOH) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm bought 9,200 shares of the company’s stock, valued at approximately $420,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Capital World Investors boosted its position in shares of Molina Healthcare by 1.5% in the third quarter. Capital World Investors now owns 5,511,000 shares of the company’s stock worth $321,402,000 after buying an additional 80,000 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Molina Healthcare by 20.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,206,833 shares of the company’s stock worth $119,744,000 after buying an additional 367,903 shares during the last quarter. Tiedemann Wealth Management LLC boosted its position in shares of Molina Healthcare by 3.1% in the first quarter. Tiedemann Wealth Management LLC now owns 1,408,414 shares of the company’s stock worth $64,224,000 after buying an additional 42,301 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of Molina Healthcare by 2.1% in the fourth quarter. Renaissance Technologies LLC now owns 1,133,900 shares of the company’s stock worth $61,525,000 after buying an additional 23,700 shares during the last quarter. Finally, Northern Trust Corp boosted its position in shares of Molina Healthcare by 1.1% in the third quarter. Northern Trust Corp now owns 661,040 shares of the company’s stock worth $38,552,000 after buying an additional 7,466 shares during the last quarter. Hedge funds and other institutional investors own 90.72% of the company’s stock.

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

Shares of Molina Healthcare, Inc. (NYSE:MOH) traded up 0.57% during mid-day trading on Friday, reaching $67.38. The company had a trading volume of 1,098,909 shares. Molina Healthcare, Inc. has a 52-week low of $42.56 and a 52-week high of $68.67. The company has a market capitalization of $3.84 billion, a PE ratio of 36.21 and a beta of 0.96. The company’s 50-day moving average price is $55.17 and its 200-day moving average price is $53.42.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings results on Wednesday, February 15th. The company reported ($1.54) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.75 by $2.29. Molina Healthcare had a return on equity of 9.38% and a net margin of 0.76%. The business had revenue of $4.46 billion during the quarter, compared to analyst estimates of $4.55 billion. On average, analysts forecast that Molina Healthcare, Inc. will post $2.14 earnings per share for the current fiscal year.

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A number of research analysts recently weighed in on MOH shares. Cowen and Company started coverage on Molina Healthcare in a report on Wednesday, March 15th. They issued a “market perform” rating and a $48.00 target price on the stock. Zacks Investment Research upgraded Molina Healthcare from a “strong sell” rating to a “hold” rating in a report on Monday, April 24th. Wolfe Research reiterated a “market perform” rating and issued a $69.00 target price on shares of Molina Healthcare in a report on Monday. TheStreet upgraded Molina Healthcare from a “c” rating to a “b” rating in a report on Tuesday, May 2nd. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $59.00 target price on shares of Molina Healthcare in a report on Thursday, February 16th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company’s stock. Molina Healthcare presently has an average rating of “Hold” and an average target price of $56.92.

In related news, Director Steven J. Orlando sold 1,000 shares of the stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $67.18, for a total value of $67,180.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO John C. Molina sold 20,341 shares of the firm’s stock in a transaction that occurred on Monday, March 6th. The stock was sold at an average price of $49.19, for a total transaction of $1,000,573.79. The disclosure for this sale can be found here. Insiders sold 87,140 shares of company stock valued at $5,349,129 in the last three months. Company insiders own 6.89% of the company’s stock.

About Molina Healthcare

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.

5 Day Chart for NYSE:MOH

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