Elevance Health Inc. (ELV)

NYSE: ELV · IEX Real-Time Price · USD
507.41
+0.86 (0.17%)
Feb 27, 2024, 4:00 PM EST - Market closed
0.17%
Market Cap 117.87B
Revenue (ttm) 171.34B
Net Income (ttm) 5.99B
Shares Out 232.67M
EPS (ttm) 25.22
PE Ratio 20.12
Forward PE 13.53
Dividend $6.52 (1.29%)
Ex-Dividend Date Mar 7, 2024
Volume 460,257
Open 505.63
Previous Close 506.55
Day's Range 503.18 - 509.20
52-Week Range 412.00 - 516.61
Beta 0.79
Analysts Strong Buy
Price Target 568.18 (+11.98%)
Earnings Date Apr 17, 2024

About ELV

Elevance Health, Inc., together with its subsidiaries, operates as a health benefits company in the United States. The company operates through four segments: Health Benefits, CarelonRx, Carelon Services, and Corporate & Other. It offers a variety of health plans and services to program members; health products; an array of fee-based administrative managed care services; and specialty and other insurance products and services, such as stop loss, dental, vision, life, disability, and supplemental health insurance benefits. The company operates i... [Read more]

Sector Healthcare
Founded 1944
Employees 104,900
Stock Exchange NYSE
Ticker Symbol ELV
Full Company Profile

Financial Performance

In 2023, ELV's revenue was $171.34 billion, an increase of 9.42% compared to the previous year's $156.60 billion. Earnings were $5.99 billion, an increase of 1.58%.

Financial Statements

Analyst Forecast

According to 12 analysts, the average rating for ELV stock is "Strong Buy." The 12-month stock price forecast is $568.18, which is an increase of 11.98% from the latest price.

Price Target
$568.18
(11.98% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Cantor's Sarah James names Cigna and Elevance as health insurer stocks to watch

Sarah James, Cantor Fitzgerald managing director, joins 'Power Lunch' to discuss the economic ecosystem for health insurers.

Other symbols: CI
1 day ago - CNBC Television

Elevance Health Announces Appearance at the Cowen 44th Annual Health Care Conference

INDIANAPOLIS--(BUSINESS WIRE)--Elevance Health (NYSE: ELV) announced today that senior management is scheduled to present at the Cowen 44th Annual Health Care Conference in Boston on March 5, at 2:50 ...

5 days ago - Business Wire

Elevance Health Announces Appearance at Barclays 26th Annual Global Healthcare Conference

INDIANAPOLIS--(BUSINESS WIRE)--Elevance Health (NYSE: ELV) announced today that senior management is scheduled to present at Barclays 26th Annual Global Healthcare Conference in Miami, on March 14 at ...

5 days ago - Business Wire

Elevance Health Foundation Strengthens Commitment to Community Resiliency, Disaster Relief Through New Grants

INDIANAPOLIS--(BUSINESS WIRE)--Elevance Health Foundation, the philanthropic arm of Elevance Health, today announces the expansion of its community resiliency and disaster relief grants through an add...

21 days ago - Business Wire

Elevance Health Named in Top 10 of America's Most JUST Companies by JUST Capital and CNBC

INDIANAPOLIS--(BUSINESS WIRE)-- #AmericasMostJUST--Today JUST Capital along with CNBC released its annual JUST 100 list as part of its 2024 Rankings of America's Most JUST Companies. Elevance Health (...

22 days ago - Business Wire

5 top healthcare stocks for earnings growth in 2024

Sector components forecast to show the biggest earnings year-over-year earnings improvement include Humana Inc. NYSE: HUM, Elevance Health Inc. NYSE: ELV, Incyte Corp. NASDAQ: INCY, Insulet Corp. NASD...

Other symbols: AMGNCIHUMINCY
4 weeks ago - MarketBeat

Elevance Health beats quarterly sales estimates

Elevance Health reported fourth-quarter sales that beat analysts' estimates on Wednesday, helped by higher premiums from its health insurance business and demand at its Carelon health services busines...

4 weeks ago - Reuters

Elevance Health Reports Results for Fourth Quarter and Full Year 2023; Sets Full Year 2024 Outlook

INDIANAPOLIS--(BUSINESS WIRE)---- $ELV #earnings--Elevance Health, Inc. (NYSE: ELV) reported fourth quarter and full year 2023 results. “We are pleased to have delivered another year of strong perform...

4 weeks ago - Business Wire

Elevance Health to Hold Conference Call and Webcast to Discuss Fourth Quarter Results on January 24, 2024

INDIANAPOLIS--(BUSINESS WIRE)--Elevance Health (NYSE: ELV) will release fourth quarter and full year 2023 financial results on January 24, 2024 at 6:00 a.m. Eastern Daylight Time (“EDT”). Management w...

6 weeks ago - Business Wire

Elevance Health Addresses Healthcare's Digital Divide by Increasing Access to High-Quality Smartphones and Health-Related Digital Services

LAS VEGAS--(BUSINESS WIRE)--Elevance Health announced at the Consumer Electronics Show 2024 that it will launch a first-of-its-kind program that will offer high-quality smartphones with unlimited data...

6 weeks ago - Business Wire

Here are Wall Street's favorite stocks in the sector expected to grow profits the most in 2024

Each earnings reporting season, you can count on a flurry of articles with headlines saying companies “beat” consensus estimates for quarterly profits. But that “success” alone means nothing.

Other symbols: CIHUMINCYPODDUNHXLVZTS
7 weeks ago - Market Watch

PEAK ROCK CAPITAL AFFILIATE SELLS PARAGON HEALTHCARE, INC. TO ELEVANCE HEALTH

Paragon doubles revenues and increases the number of infusion centers by 400% during Peak Rock's ownership AUSTIN, Texas, Jan. 5, 2024 /PRNewswire/ -- An affiliate of Peak Rock Capital ("Peak Rock"), ...

7 weeks ago - PRNewsWire

Elevance Health to Acquire Paragon Healthcare

INDIANAPOLIS--(BUSINESS WIRE)--Elevance Health (NYSE: ELV) today announced that it has entered into an agreement to acquire Paragon Healthcare, Inc., a company specializing in life-saving and life-giv...

7 weeks ago - Business Wire

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...

Other symbols: CIHCSG
2 months ago - Invezz

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...

2 months ago - Business Wire

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.

3 months ago - Forbes

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+” (...

4 months ago - Business Wire

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.

4 months ago - Business Wire

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.

4 months ago - Reuters

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 ...

4 months ago - Business Wire

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...

5 months ago - Business Wire

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.

Other symbols: CNCCVSHUMUNH
5 months ago - MarketBeat

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...

5 months ago - Business Wire

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 ...

6 months ago - Business Wire

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...

6 months ago - PRNewsWire