TCW Group Inc. Takes Position in Molina Healthcare, Inc. (MOH)

TCW Group Inc. acquired a new stake in Molina Healthcare, Inc. (NYSE:MOH) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 396,544 shares of the company’s stock, valued at approximately $30,407,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. UBS Asset Management Americas Inc. increased its stake in Molina Healthcare by 4.8% in the fourth quarter. UBS Asset Management Americas Inc. now owns 34,646 shares of the company’s stock valued at $2,657,000 after purchasing an additional 1,597 shares during the period. Arizona State Retirement System increased its stake in Molina Healthcare by 27.1% in the fourth quarter. Arizona State Retirement System now owns 31,643 shares of the company’s stock valued at $2,426,000 after purchasing an additional 6,742 shares during the period. Capital Fund Management S.A. acquired a new position in Molina Healthcare in the fourth quarter valued at $716,000. Chartwell Investment Partners LLC increased its stake in Molina Healthcare by 406.7% in the fourth quarter. Chartwell Investment Partners LLC now owns 109,926 shares of the company’s stock valued at $8,429,000 after purchasing an additional 88,233 shares during the period. Finally, The Manufacturers Life Insurance Company increased its stake in Molina Healthcare by 8.7% in the fourth quarter. The Manufacturers Life Insurance Company now owns 105,068 shares of the company’s stock valued at $8,056,000 after purchasing an additional 8,367 shares during the period. Institutional investors own 96.22% of the company’s stock.

A number of research analysts have recently issued reports on MOH shares. Zacks Investment Research upgraded shares of Molina Healthcare from a “hold” rating to a “strong-buy” rating and set a $88.00 price target on the stock in a research note on Tuesday, January 2nd. ValuEngine upgraded shares of Molina Healthcare from a “hold” rating to a “buy” rating in a research note on Thursday, November 9th. Goldman Sachs Group started coverage on shares of Molina Healthcare in a research note on Wednesday, January 3rd. They set a “neutral” rating and a $83.00 price target on the stock. JPMorgan Chase & Co. upgraded shares of Molina Healthcare from a “neutral” rating to an “overweight” rating in a research note on Tuesday, January 16th. Finally, Raymond James Financial reiterated a “hold” rating on shares of Molina Healthcare in a research note on Friday, December 8th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the stock. Molina Healthcare currently has an average rating of “Hold” and an average target price of $73.73.

In related news, Director John C. Molina sold 5,385 shares of the business’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $92.88, for a total transaction of $500,158.80. Following the sale, the director now owns 414,151 shares of the company’s stock, valued at $38,466,344.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director J Mario Md Molina sold 203,240 shares of the business’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $74.02, for a total transaction of $15,043,824.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 668,292 shares of company stock worth $53,340,151. 6.20% of the stock is owned by insiders.

Shares of Molina Healthcare, Inc. (NYSE MOH) opened at $71.36 on Tuesday. The company has a market cap of $4,304.86, a PE ratio of 24.61, a P/E/G ratio of 1.29 and a beta of 1.10. Molina Healthcare, Inc. has a fifty-two week low of $42.56 and a fifty-two week high of $93.98. The company has a current ratio of 1.35, a quick ratio of 1.29 and a debt-to-equity ratio of 1.13.

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Molina Healthcare Company 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.

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

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