Tokio Marine Asset Management Co. Ltd. Grows Stake in Molina Healthcare, Inc. (NYSE:MOH)

Tokio Marine Asset Management Co. Ltd. raised its stake in shares of Molina Healthcare, Inc. (NYSE:MOH) by 3.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,705 shares of the company’s stock after purchasing an additional 57 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Molina Healthcare were worth $587,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Custom Index Systems LLC raised its holdings in Molina Healthcare by 5.0% during the 2nd quarter. Custom Index Systems LLC now owns 690 shares of the company’s stock valued at $205,000 after buying an additional 33 shares during the period. WCM Investment Management LLC lifted its holdings in shares of Molina Healthcare by 3.4% in the 3rd quarter. WCM Investment Management LLC now owns 1,080 shares of the company’s stock worth $369,000 after acquiring an additional 36 shares during the last quarter. Metis Global Partners LLC boosted its stake in shares of Molina Healthcare by 1.4% during the 3rd quarter. Metis Global Partners LLC now owns 2,785 shares of the company’s stock worth $960,000 after purchasing an additional 39 shares during the period. AlphaMark Advisors LLC grew its holdings in Molina Healthcare by 1.1% during the 2nd quarter. AlphaMark Advisors LLC now owns 3,543 shares of the company’s stock valued at $1,053,000 after purchasing an additional 40 shares during the last quarter. Finally, Oliver Luxxe Assets LLC raised its position in Molina Healthcare by 1.3% in the 3rd quarter. Oliver Luxxe Assets LLC now owns 4,428 shares of the company’s stock worth $1,526,000 after purchasing an additional 55 shares during the period. 98.50% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on MOH shares. TD Cowen dropped their target price on Molina Healthcare from $412.00 to $351.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Cantor Fitzgerald restated an “overweight” rating and set a $406.00 price objective on shares of Molina Healthcare in a report on Thursday, October 24th. Barclays increased their target price on Molina Healthcare from $359.00 to $372.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. StockNews.com raised shares of Molina Healthcare from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. Finally, Wells Fargo & Company upped their price target on shares of Molina Healthcare from $360.00 to $362.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $367.17.

Molina Healthcare Stock Performance

Shares of NYSE:MOH opened at $294.34 on Friday. The firm has a 50 day moving average of $328.20 and a 200 day moving average of $325.63. The company has a quick ratio of 1.55, a current ratio of 1.54 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $16.84 billion, a price-to-earnings ratio of 14.95, a price-to-earnings-growth ratio of 1.06 and a beta of 0.59. Molina Healthcare, Inc. has a 52 week low of $272.69 and a 52 week high of $423.92.

Molina Healthcare (NYSE:MOH) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $6.01 EPS for the quarter, topping the consensus estimate of $5.96 by $0.05. Molina Healthcare had a return on equity of 27.88% and a net margin of 2.92%. The firm had revenue of $10.34 billion during the quarter, compared to analyst estimates of $9.92 billion. During the same period in the previous year, the company posted $5.05 EPS. The business’s revenue for the quarter was up 21.0% compared to the same quarter last year. On average, sell-side analysts predict that Molina Healthcare, Inc. will post 23.45 earnings per share for the current fiscal year.

Molina Healthcare Profile

Molina Healthcare, Inc provides managed healthcare services to low-income families and individuals under the Medicaid and Medicare programs and through the state insurance marketplaces. It operates in four segments: Medicaid, Medicare, Marketplace, and Other. The company served in across 19 states. The company was founded in 1980 and is headquartered in Long Beach, California.