Alignment Healthcare (ALHC)
Medicare Advantage plans paired with data-driven care coordination for seniors.
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Sells Medicare Advantage plans for seniors, earning mainly fixed monthly CMS payments while assuming members' covered-care costs. AVA analytics, Care Anywhere clinical teams, provider networks, and concierge support coordinate care across a single healthcare-services segment.
Offers Medicare Advantage coverage to seniors through Alignment Health Plan, including HMO, PPO, and special-needs designs across selected markets in California, North Carolina, Nevada, Arizona, and Texas. Revenue comes mainly from fixed monthly CMS payments, while the insurer assumes responsibility for covered care and related costs.
Combines the AVA data platform with Care Anywhere clinical teams, local provider networks, the ACCESS On-Demand Concierge card, and round-the-clock member service to identify higher-risk members and coordinate care at home or remotely. Operates as one healthcare-services segment. The model depends on annually renewed CMS contracts, risk-adjusted payments and Star Ratings, accurate medical-cost forecasting, and provider-network performance.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 3, 2026 | Raymond James | Downgrade | Target: $22 | Target: $19 |
| May 26, 2026 | Barclays | Reiterate | Rating: —Target: $19 | Target: $16 |
| May 7, 2026 | Raymond James | Target | Target: $10 | Target: $22 |
| May 1, 2026 | UBS | Reiterate | Rating: —Target: $21 | Target: $22 |
| May 1, 2026 | Barclays | Reiterate | Rating: —Target: $18 | Target: $19 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $701.7M · Total debt $330.5M · Total assets $1.28B · Shareholders' equity $265.1M
- Revenue
- $1.34B
- Operating income
- $42.1M
- Net income
- $36.6M
No dividends on record.
| Institutions | 107.98% | 223.99M shares | |
|---|---|---|---|
| 338 holders · as of Jun 30, 2026 | |||
| Insiders | 9.04% | 18.75M shares | |
| 21 holders · as of Sep 16, 2026 | |||
| Adds to | 117.02% | ||
207.44M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
These groups come from separate filings that can overlap, so they add to 117.02%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 9.32% | 19.34M | as of Jun 30, 2026 |
Wellington Management Group LLPInstitution | 9.05% | 18.78M | as of Jun 30, 2026 |
FMR LLCInstitution | 6.71% | 13.92M | as of Jun 30, 2026 |
Qatar Investment AuthorityInsider | 6.39% | 13.25M | filed Sep 24, 2025 |
T. Rowe Price Investment Management, Inc.Institution | 6.32% | 13.12M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 17, 2026 | Joseph S. Konowiecki | director, officer: EVP, Corporate Affairs | −23,511 | $8.61 |
| Sep 14, 2026 | John E. Kao | director, officer: Chief Executive Officer | −27,400 | $13.00 |
| Sep 11, 2026 | John E. Kao | director, officer: Chief Executive Officer | −385,270 | $12.68 |
| Sep 10, 2026 | John E. Kao | director, officer: Chief Executive Officer | −172,600 | $12.96 |
| Sep 11, 2026 | Dawn Christine Maroney | officer: President | −122,707 | $12.68 |
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Alignment Healthcare | $7.94 | −4.74% | $1.73B | 44.6 | 28.7 | 0.4 | +31.6% |
| UnitedHealth Group | $374.11 | −0.91% | $342.88B | 24.3 | 17.5 | 0.8 | +0.4% |
| Humana | $371.97 | −1.75% | $45.39B | 35.9 | 30.2 | 0.3 | +26.2% |
| CVS Health | $87.28 | −0.37% | $111.77B | 23.2 | 10.8 | 0.3 | +7.3% |
| Elevance Health | $403.30 | −1.47% | $88.77B | 18.2 | 14.8 | 0.4 | +0.8% |
| Centene | $63.45 | −2.38% | $32.10B | — | 14.1 | 0.2 | +9.9% |
| Clover Health | $4.68 | +2.97% | $2.35B | — | 75.2 | 1.0 | +55.6% |
| Molina Healthcare | $191.18 | −3.35% | $10.33B | 1,041.1 | 27.1 | 0.2 | −4.8% |
| Median | 24.3 | 17.5 | 0.3 | +7.3% |