Molina Healthcare Inc., a company that provides healthcare to low-income families receiving government assistance, recently sold a large number of stocks by insider J Mario Md Molina, reports confirm. The news comes after the company also sold stocks one month earlier.

A total of 10,000 worth of stocks were reportedly confirmed to be sold by Molina, according to the Securities and Exchange Commission (SEC) filing, which was released publicly on Tuesday, Jan, 5. As the New Year starts, the company reportedly sold each stock at an average price of $60.83, gaining a total transaction of $608,300.

The company, which operates in two segments through Health Plans and Molina Medicaid Solutions, also sold 3,000 shares on Dec. 15, 2015 by Director Frank E. Md Murray and as evidenced by the transaction's SEC filing. The sale was reportedly priced at an average of $57.94 per stock for a total value of $173,820.

Furthermore, Beanstockd said that Wedbush already revised their Q4 2015 estimates for Molina Healthcare earnings in a research note issued on Thursday, revealing that Wedbush currently expects that the firm will post earnings per share of $0.65 for the quarter, which is lower from their initial analysis of $0.74

The news came after the company released its quarterly earnings on Oct. 29, 2015, Corvuswire noted. It was revealed that Molina Healthcare Inc. earned a total of $0.77 per share for the quarter, further topping consensus estimates of analysts which was just at $0.69 by $0.08.

Meanwhile, the company also did well during the same period the year before, reportedly earning $0.48 EPS and earning a total of $3.60 billion during the quarter, having low results compared to the estimates which is at $3.70 billion.

The quarterly revenue of the healthcare company was up by 45.4 percent on a year-over-year basis. While for the current year, equities research analysts expect that Molina Healthcare, Inc. will post $2.69 earnings per share.

However, on Monday, shares of Molina was valued at 56.21. Molina Healthcare, Inc. has a one-year low of $49.37 and a one-year high of $82.37. The company has a 50-day moving average price of $59.89 and a 200-day moving average price of $68.31, as well as a market cap of $3.15 billion and a P/E ratio of 20.37.

In light of this, brokerages have weighed in on the company with seven equities research analysts rating it with a "hold" and only four have issued a "buy" rating to the stock. The company has a consensus rating of "Hold" and an average price target of $75.58.