Molina Healthcare falls after reporting higher-than-expected medical costs

** Shares of health insurer Molina Healthcare MOH.N fall 5.4% to $314.76

** MOH reported late on Wednesday Q1 medical cost ratio, the percentage of premiums paid out for medical services, of 89.2%, higher than analysts' estimates of 88.5%, according to data compiled by LSEG

** The quarterly Medicaid medical cost ratio came to 90.3%, which increased modestly, partly due to high-cost drugs, behavioral health services and seasonal illnesses

** MOH said the costs related to the government-backed Medicaid insurance plans for people with low income were in line with its expectations

** Company posted Q1 adj. profit of $6.08 per share, beating analysts' estimates of $5.96 per share

** MOH reaffirmed its 2025 forecast with revenue from premiums expected to be about $42 billion and adjusted profit of at least $24.50 per share

** As of last close, MOH up 8% YTD