Elevance Health Inc. (ELV)
| Market Cap | 110.80B |
| Revenue (ttm) | 168.62B |
| Net Income (ttm) | 6.08B |
| Shares Out | 234.96M |
| EPS (ttm) | 25.49 |
| PE Ratio | 18.50 |
| Forward PE | 13.04 |
| Dividend | $5.92 (1.26%) |
| Ex-Dividend Date | Dec 5, 2023 |
| Volume | 606,099 |
| Open | 469.92 |
| Previous Close | 468.67 |
| Day's Range | 467.53 - 472.13 |
| 52-Week Range | 412.00 - 514.06 |
| Beta | 0.84 |
| Analysts | Strong Buy |
| Price Target | 566.25 (+20.08%) |
| Earnings Date | Jan 24, 2024 |
About ELV
Elevance Health, Inc. operates as a health benefits company. The company operates through four segments: Commercial & Specialty Business, Government Business, CarelonRx, and Other. It supports consumers, families, and communities across the entire care journey connecting to the care, support, and resources to lead healthier lives. It serves people through a portfolio of medical, digital, pharmacy, behavioral, clinical, and care solutions. The company was formerly known as Anthem, Inc. and changed its name to Elevance Health, Inc. in June 2022. ... [Read more]
Financial Performance
In 2022, ELV's revenue was $156.60 billion, an increase of 12.95% compared to the previous year's $138.64 billion. Earnings were $6.03 billion, a decrease of -1.29%.
Financial StatementsAnalyst Forecast
According to 13 analysts, the average rating for ELV stock is "Strong Buy." The 12-month stock price forecast is $566.25, which is an increase of 20.08% from the latest price.
News
Elevance, HCSC interested in Cigna's Medicare Advantage unit
Elevance Health Inc (NYSE: ELV) and Health Care Services Corp (NASDAQ: HCSG) are reportedly interested in buying the Medicare Advantage unit of Cigna Group (NYSE: CI). Here's what we know so far The s...
Twenty-One Elevance Health Medicaid Plans Receive NCQA Health Equity Accreditation Plus
INDIANAPOLIS--(BUSINESS WIRE)--Elevance Health, Inc. (NYSE: ELV) recently received the new Health Equity Accreditation Plus for 21 of its affiliated Medicaid plans from the National Committee for Qual...
Elevance Health's PBM Launches 24/7 Digital Pharmacy
Elevance Health is launching a new digital pharmacy that allows health plan enrollees to engage more with pharmacists and track their prescriptions like Americans track a pizza delivery.
AM Best Assigns Indicative Issue Credit Ratings to Elevance Health, Inc.'s New Shelf Registrations
OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has assigned indicative Long-Term Issue Credit Ratings of “bbb” (Good) to subordinated issues, “bbb-” (Good) to preferred stock issues and “bbb+” (...
Elevance Health and AADMD Launch Bold Initiative to Broadly Expand Physician Training on the Care of People with Intellectual and Developmental Disabilities
INDIANAPOLIS--(BUSINESS WIRE)-- #AADMD--Elevance Health provides $1.42 million in grants for medical schools to implement IDD curriculum. Proposals for funding are currently being accepted.
Elevance Health beats third-quarter profit estimates
Elevance Health reported a better-than-expected third-quarter profit on Wednesday, helped by lower-than-expected medical costs for the health insurance provider.
Elevance Health Reports Third Quarter 2023 Results
INDIANAPOLIS--(BUSINESS WIRE)---- $ELV #earnings--Elevance Health, Inc. (NYSE: ELV) reported third quarter 2023 results reflecting strong financial performance across the enterprise. “Elevance Health ...
Elevance Health to Hold Conference Call and Webcast to Discuss Third Quarter Results on October 18, 2023
INDIANAPOLIS--(BUSINESS WIRE)--Elevance Health (NYSE: ELV) will release third quarter 2023 financial results on October 18, 2023 at 6:00 a.m. Eastern Daylight Time (“EDT”). Management will review thes...
Can Undervalued Healthcare Stocks Add Yield To Your Portfolio?
Health insurer UnitedHealth Group Inc. NYSE: UNH has a market capitalization of $466.61 billion, ranking it as the tenth largest company in the S&P 500.
Elevance Health Teams Up with Impact Fitness Foundation to Support Victory College Prep
INDIANAPOLIS--(BUSINESS WIRE)--As part of their ongoing commitment to equity and providing support for women and women's health, Elevance Health has partnered with national nonprofit Impact Fitness Fo...
Elevance Health Foundation Expands Food as Medicine Programs Through Third Phase of Grants
INDIANAPOLIS--(BUSINESS WIRE)--Elevance Health Foundation, the philanthropic arm of Elevance Health, today announces the expansion of its food as medicine grants through an additional $4.2 million in ...
Converge launches "Coffee and Converge" to showcase depth of its solutions and services
S eries kicks off with deep dive on Artificial Intelligence and Cybersecurity Use Cases TORONTO , Aug. 30, 2023 /PRNewswire/ - Converge Technology Solutions Corp. (TSX: CTS) (OTC: CTSDF) is pleased t...
Everybody will sell first and ask questions later with PBM stocks: E Squared's Les Funtleyder
Les Funtleyder, E Squared healthcare portfolio manager, joins 'Fast Money' to talk the PBM business model's viability after Blue Shield of California dropped CVS in favor of Amazon and Cost Plus Drugs...
Elevance Health Announces John Gallina to Retire as CFO
INDIANAPOLIS--(BUSINESS WIRE)--Elevance Health (NYSE: ELV) announced today that John Gallina will retire from his role as executive vice president and CFO later this year. Mark Kaye has been named exe...
Elevance Health Beats Q2 Forecasts and Raises Guidance on Higher Premiums
Elevance Health shares gained after reporting results that beat forecasts and raising its 2023 guidance as medical insurance premiums rose and payouts were less than anticipated.
Elevance Health's stock up 5% after earnings beat estimates
Elevance Health Inc.'s stock ELV, +1.49% rose 5% in premarket trade Wednesday, after the health insurer's second-quarter earnings handily beat estimates. The company posted net income of $1.853 billio...
Elevance Health raises 2023 profit forecast
Elevance Health Inc raised its full-year profit forecast on Wednesday, banking on strength in its government-backed health insurance business as well as a boost in its commercial unit that sells plans...
Elevance Health Reports Second Quarter 2023 Results
INDIANAPOLIS--(BUSINESS WIRE)--Elevance Health, Inc. (NYSE: ELV) reported second quarter 2023 results reflecting strong financial performance, including double-digit growth in revenue, operating earni...
Elevance Health (ELV): A Modestly Undervalued Stock with Strong Growth Prospects
As of July 14, 2023, Elevance Health Inc ( ELV , Financial) has seen a price change of 5.06%, reaching $438.75 per share. With a market capitalization of $104 billion, Elevance Health's financial metr...
Unveiling the Modest Undervaluation of Elevance Health Inc (ELV)
Elevance Health Inc ( ELV , Financial) is a leading health insurer in the U.S., catering to approximately 48 million medical members as of December 2022. The company provides employer, individual, and...
Elevance Health to Hold Conference Call and Webcast to Discuss Second Quarter Results on July 19, 2023
INDIANAPOLIS--(BUSINESS WIRE)--Elevance Health (NYSE: ELV) will release second quarter 2023 financial results on July 19, 2023, at 6:00 a.m. Eastern Daylight Time (“EDT”). Management will review these...
Surgical Centers, Med-Tech Stocks Up On Pent-Up Surgical Demand
After a pandemic pause, hip and knee replacements are back. Long-postponed surgeries are being rescheduled, which is bad for business at insurance companies like UnitedHealth Group Inc. NYSE: UNH, but...
Health insurance stocks slide after UnitedHealth warns more surgeries will drive up medical costs
Shares of UnitedHealth, Humana, Elevance Health and CVS Health all declined, while medical device manufacturers and hospital operators edged higher.
Health Insurance Stocks Tumble Over Spike In Surgeries Delayed By Pandemic
UnitedHealth's stock fell 7% Wednesday after saying an uptick in surgeries could squeeze revenues.
Seniors are finally catching up on delayed surgeries. That's bad news for health insurers.
Seniors are finally catching up on surgery for problems with their knees and hips they delayed during the pandemic — and that means higher costs for health insurers.