Elevance Health Inc. (ELV)
| Market Cap | 123.99B |
| Revenue (ttm) | 171.75B |
| Net Income (ttm) | 6.24B |
| Shares Out | 232.67M |
| EPS (ttm) | 26.49 |
| PE Ratio | 20.13 |
| Forward PE | 13.81 |
| Dividend | $6.52 (1.22%) |
| Ex-Dividend Date | Jun 10, 2024 |
| Volume | 948,645 |
| Open | 532.69 |
| Previous Close | 525.19 |
| Day's Range | 525.90 - 536.05 |
| 52-Week Range | 412.00 - 539.11 |
| Beta | 0.81 |
| Analysts | Strong Buy |
| Price Target | 582.07 (+9.23%) |
| Earnings Date | Apr 18, 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]
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 StatementsAnalyst Forecast
According to 15 analysts, the average rating for ELV stock is "Strong Buy." The 12-month stock price forecast is $582.07, which is an increase of 9.23% from the latest price.
News
Elevance Health Stock Rises After Earnings Top Expectations, Guidance Boosted
Shares of Elevance Health (ELV) rose to their highest level since late 2022 on Thursday as the health insurance provider posted better-than-expected results and raised its guidance amid lower costs.
Elevance Health's quarterly profit tops estimates to offset a revenue shortfall
Elevance Health Inc.'s stock rose 4.7% on Thursday, after the health insurer posted better-than-expected profit for the first quarter and raised a full-year guidance metric, offsetting a revenue short...
Elevance beats first-quarter profit estimates on higher premiums
Elevance Health beat Wall Street estimates for first-quarter profit on Thursday, as higher premiums in its commercial insurance business helped keep medical costs for the insurer in check.
Elevance Health Reports First Quarter 2024 Results
INDIANAPOLIS--(BUSINESS WIRE)---- $ELV #earnings--Elevance Health, Inc. (NYSE: ELV) reported first quarter 2024 results. “First quarter results reflect disciplined execution of our strategic initiativ...
Elevance Health and Clayton, Dubilier & Rice Sign Agreement to Launch Strategic Partnership to Advance Primary Care Delivery
INDIANAPOLIS--(BUSINESS WIRE)--Elevance Health, Inc. (NYSE: ELV) and Clayton, Dubilier & Rice (CD&R) announced an agreement to form a strategic partnership to accelerate innovation in primary care del...
Elevance Health to Hold Conference Call and Webcast to Discuss First Quarter 2024 Results on April 18, 2024
INDIANAPOLIS--(BUSINESS WIRE)--Elevance Health (NYSE: ELV) will release first quarter 2024 financial results on April 18, 2024, at 6:00 a.m. Eastern Daylight Time (“EDT”). Management will review these...
Health care stocks headed for worst day since early November
CNBC's Bertha Coombs reports on what's driving health insurer stocks lower.
Health insurer stocks slide as final Medicare Advantage rates disappoint
The rate adds more pressure on insurers already grappling with high medical costs and uncertainty after the cyberattack on UnitedHealth Group's tech unit.
Elevance Health Foundation Names Professional Basketball Player Kevin Love as Next Elevance Health Champion
INDIANAPOLIS--(BUSINESS WIRE)--The Elevance Health Foundation, the philanthropic arm of Elevance Health Inc., today announces professional basketball player Kevin Love as its latest Elevance Health Ch...
The Standard Closes Acquisition of Life & Disability Business from Elevance Health, Enters Distribution Partnership
PORTLAND, Ore.--(BUSINESS WIRE)--StanCorp Financial Group, Inc. (“The Standard”) today announced the closing of the acquisition of the Life & Disability business from Elevance Health in accordance wit...
First Medicare Health Plans to Start Paying for Weight-Loss Drug Wegovy
The first major U.S. health insurers have agreed to start paying for the popular anti-obesity drug Wegovy for certain people on Medicare with heart-related conditions.
Wegovy will be covered by some insurers, but not for weight loss: report
Some large health insurers in the U.S. will start covering Wegovy, which has become a popular anti-obesity drug — but not for those using it to lose weight, according to a report by The Wall Street Jo...
Kroger Announces Plan to Sell Specialty Pharmacy Business to Elevance Health
Grocery-store chain Kroger (KR) is selling its specialty pharmacy business to U.S. health insurer Elevance Health (ELV).
Kroger to Sell Specialty Pharmacy Business to Elevance Health's CarelonRx
Grocery store operator The Kroger Company plans to sell its specialty pharmacy business to CarelonRx, a subsidiary of Elevance Health. Kroger has entered into a definitive agreement for the sale, the ...
Kroger to sell specialty pharmacy business to Elevance Health's CarelonRx
Grocer Kroger said on Monday it had entered a definitive agreement for the sale of its specialty pharmacy business to CarelonRx, a unit of U.S. health insurer Elevance Health.
Elevance Health Announces Closing of Paragon Healthcare Acquisition
INDIANAPOLIS--(BUSINESS WIRE)--Elevance Health (NYSE: ELV) today announced the closing of its acquisition of Paragon Healthcare, Inc., a company specializing in life-saving and life-giving infusible a...
Analyst talks stock plays in health care
Hospital revenue has grown by nearly 8% year-to-date in 2024. While hospital and medical costs are aiming to moderate, what does this entail for healthcare stocks and the sector at large?
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.
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 ...
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 ...
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...
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 (...
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...
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...
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...