Elevance Health
About: Elevance Health remains one of the leading health insurers in the U.S., providing medical benefits to 47 million medical members as of December 2023. The company offers employer, individual, and government-sponsored coverage plans. Elevance differs from its peers in its unique position as the largest single provider of Blue Cross Blue Shield branded coverage, operating as the licensee for the Blue Cross Blue Shield Association in 14 states. Through acquisitions, such as the Amerigroup deal in 2012 and MMM in 2021, Elevance's reach expands beyond those states through government-sponsored programs such as Medicaid and Medicare Advantage plans, too.
Employees: 104,900
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
12% more repeat investments, than reductions
Existing positions increased: 652 | Existing positions reduced: 581
4% less call options, than puts
Call options by funds: $620M | Put options by funds: $645M
2% less funds holding
Funds holding: 1,672 [Q2] → 1,636 (-36) [Q3]
3.39% less ownership
Funds ownership: 90.69% [Q2] → 87.3% (-3.39%) [Q3]
4% less funds holding in top 10
Funds holding in top 10: 52 [Q2] → 50 (-2) [Q3]
8% less capital invested
Capital invested by funds: $114B [Q2] → $104B (-$9.67B) [Q3]
21% less first-time investments, than exits
New positions opened: 133 | Existing positions closed: 169
Research analyst outlook
14 Wall Street Analysts provided 1 year price targets over the past 3 months
14 analyst ratings
Mizuho Ann Hynes 0 / 0 met price target | 25%upside $505 | Outperform Maintained | 5 Nov 2024 |
Wells Fargo Stephen Baxter 0 / 0 met price target | 23%upside $495 | Overweight Maintained | 4 Nov 2024 |
Morgan Stanley Erin Wright 0 / 0 met price target | 37%upside $551 | Overweight Maintained | 23 Oct 2024 |
Barclays Andrew Mok 0 / 0 met price target | 24%upside $501 | Overweight Maintained | 22 Oct 2024 |
TD Cowen Ryan Langston 0 / 0 met price target | 20%upside $484 | Buy Maintained | 21 Oct 2024 |
Financial journalist opinion
Based on 10 articles about ELV published over the past 30 days