Alignment Healthcare, Inc. (ALHC)

Alignment Healthcare's stock has been influenced by several events in the past six months. The company was named a 2026 Best Insurance Company for Medicare Advantage by U.S. News & World Report in all five states where it operates. There was news of insider selling in October. The stock saw a jump after positive news from industry peer UnitedHealth in September, and Alignment Health earned a spot on Newsweek's World's Most Trustworthy Companies 2025 list for the third consecutive year. Alignment Healthcare raised its full-year guidance after reporting its first-ever profitable quarter as a public corporation in July, following a legal victory that elevated its Arizona Medicare Advantage Plans to 4 Stars. In January, the company reported membership growth and projected continued expansion through 2025, reaffirming confidence in achieving a consensus adjusted EBITDA. However, in October 2024, the company reported a net loss in its third quarter despite a significant increase in health plan members, attributed to higher medical expenses.

Demand for Alignment Healthcare's products and services exhibits seasonality tied to Medicare's annual enrollment period (AEP), which runs from October 15 to December 7 each year. This period is when seniors can select or change their health plans for the upcoming year, suggesting a heightened period of marketing and enrollment activity during these months.

Alignment Healthcare, Inc. (ALHC) operates a consumer-centric platform primarily for seniors in the United States, focusing on Medicare Advantage plans. The company delivers customized healthcare experiences through its Medicare Advantage plans, leveraging technology like its proprietary AVA platform to provide coordinated, personalized care. Its major products are Medicare Advantage health plans, which include comprehensive benefits, care coordination, wellness programs, and technology solutions, such as access to primary and specialist care physicians.

Alignment Healthcare's headquarters are located in Orange, California. The company offers Medicare Advantage plan options through Alignment Health Plan in several states, including Arizona, California, Nevada, North Carolina, and Texas. In 2022, Alignment expanded its coverage in North Carolina to 12 new counties, bringing its plans to a total of 15 counties in the state.

Alignment Healthcare has maintained a strong brand reputation over the past year. Alignment Health Plan was recognized by U.S. News & World Report as a 2026 Best Insurance Company for Medicare Advantage across all its markets. The company had high 2026 Star Ratings from CMS, with 100% of Alignment's members enrolled in plans rated 4 stars or higher for the second consecutive year. Alignment Health was named to Newsweek's World's Most Trustworthy Companies 2025 list for the third consecutive year. The company's 2024 Impact Report highlighted improved health outcomes, increased quality, and member satisfaction, noting a high Net Promoter Score (NPS) and maintaining a strong Google review rating. In January 2025, Alignment Healthcare retained a 5-star rating from the Centers for Medicare & Medicaid Services (CMS) for its North Carolina and Nevada HMO contract for three straight years.

Alignment Healthcare (ALHC) has a mixed ownership structure, with institutional shareholders holding a significant portion. General Atlantic LLC is a major individual and institutional shareholder. Other major institutional owners include Vanguard Group Inc, BlackRock, Inc., T. Rowe Price Investment Management, Inc., Fmr Llc, Citadel Advisors Llc, Millennium Management Llc, Hood River Capital Management LLC, and Warburg Pincus LLC.