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A lithium-ion battery fire in a cargo ship's hold is out after several days of burning
Chief Justice Roberts casts a wary eye on the uses of artificial intelligence in the federal courts
FINAL OFFER: $9 for a FULL YEAR of stock picks (Ad)
S&P 500   4,769.83
DOW   37,689.54
QQQ   409.52
US Navy helicopters fire at Yemen's Houthi rebels and kill several in latest Red Sea shipping attack
FINAL OFFER: $9 for a FULL YEAR of stock picks (Ad)
A lithium-ion battery fire in a cargo ship's hold is out after several days of burning
Chief Justice Roberts casts a wary eye on the uses of artificial intelligence in the federal courts
FINAL OFFER: $9 for a FULL YEAR of stock picks (Ad)
S&P 500   4,769.83
DOW   37,689.54
QQQ   409.52
US Navy helicopters fire at Yemen's Houthi rebels and kill several in latest Red Sea shipping attack
FINAL OFFER: $9 for a FULL YEAR of stock picks (Ad)
A lithium-ion battery fire in a cargo ship's hold is out after several days of burning
Chief Justice Roberts casts a wary eye on the uses of artificial intelligence in the federal courts
FINAL OFFER: $9 for a FULL YEAR of stock picks (Ad)
NYSE:ELV

Elevance Health (ELV) Stock Price, News & Analysis

$471.56
+2.89 (+0.62%)
(As of 12/29/2023 ET)
Today's Range
$467.53
$472.13
50-Day Range
$441.62
$488.06
52-Week Range
$412.00
$514.06
Volume
606,151 shs
Average Volume
1.06 million shs
Market Capitalization
$110.82 billion
P/E Ratio
18.51
Dividend Yield
1.26%
Price Target
$565.82

Elevance Health MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.83 Rating Score
Upside/​Downside
20.0% Upside
$565.82 Price Target
Short Interest
Healthy
0.92% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.94mentions of Elevance Health in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$29,078 Sold Last Quarter
Proj. Earnings Growth
12.01%
From $33.06 to $37.03 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.74 out of 5 stars

Medical Sector

45th out of 950 stocks

Hospital & Medical Service Plans Industry

3rd out of 11 stocks


ELV stock logo

About Elevance Health Stock (NYSE: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. Elevance Health, Inc. was founded in 1944 and is based in Indianapolis, Indiana.

ELV Stock Price History

ELV Stock News Headlines

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HCSC, Elevance Compete for Cigna Medicare Advantage Unit
When Should You Buy Elevance Health, Inc. (NYSE:ELV)?
ELV Jan 2024 290.000 call
ELV Jun 2024 290.000 put
Elevance Health's (NYSE:ELV) Returns Have Hit A Wall
12 Best Healthcare Dividend Stocks To Buy Now
Elevance Health Inc's Dividend Analysis
See More Headlines
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Company Calendar

Last Earnings
10/18/2023
Ex-Dividend for 12/21 Dividend
12/05/2023
Dividend Payable
12/21/2023
Today
12/31/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
1/24/2024

Industry, Sector and Symbol

Industry
Hospital & medical service plans
Sub-Industry
Managed Health Care
Sector
Medical
CUSIP
94973V10
Employees
102,300
Year Founded
2004

Price Target and Rating

Average Stock Price Target
$565.82
High Stock Price Target
$587.00
Low Stock Price Target
$547.00
Potential Upside/Downside
+20.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.83
Research Coverage
12 Analysts

Profitability

Net Income
$6.03 billion
Pretax Margin
4.70%

Debt

Sales & Book Value

Annual Sales
$156.60 billion
Cash Flow
$36.39 per share
Book Value
$151.64 per share

Miscellaneous

Free Float
234,178,000
Market Cap
$110.82 billion
Optionable
Optionable
Beta
0.84

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Key Executives

  • Ms. Gail Koziara Boudreaux (Age 62)
    President, CEO & Director
    Comp: $6.13M
  • Mr. Peter David Haytaian Esq. (Age 53)
    Executive VP and President of Carelon & CarelonRx
    Comp: $2.39M
  • Ms. Felicia Farr Norwood (Age 63)
    Executive VP & President of Government Health Benefits
    Comp: $2.39M
  • Mr. Mark Bradley Kaye (Age 43)
    Executive VP & CFO
  • Mr. Scott Wayne Anglin
    SVP, Treasurer & Chief Investment Officer
  • Mr. Ronald William Penczek (Age 58)
    Senior VP, Controller & Chief Accounting Officer
  • Mr. Anil Bhatt
    Chief Technology Officer
  • Mr. Blair Williams Todt (Age 55)
    EVP, Chief Legal & Administrative Officer and Interim Head of HR, Global Security & Safety Team
  • Mr. Stephen Vartan Tanal C.F.A.
    Vice President of Investor Relations
  • Ms. Julie Goon
    Senior Vice President of Public Affairs














ELV Stock Analysis - Frequently Asked Questions

Should I buy or sell Elevance Health stock right now?

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Elevance Health in the last year. There are currently 2 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" ELV shares.
View ELV analyst ratings
or view top-rated stocks.

What is Elevance Health's stock price target for 2024?

12 analysts have issued twelve-month price objectives for Elevance Health's stock. Their ELV share price targets range from $547.00 to $587.00. On average, they anticipate the company's stock price to reach $565.82 in the next year. This suggests a possible upside of 20.0% from the stock's current price.
View analysts price targets for ELV
or view top-rated stocks among Wall Street analysts.

How have ELV shares performed in 2023?

Elevance Health's stock was trading at $512.97 at the beginning of 2023. Since then, ELV stock has decreased by 8.1% and is now trading at $471.56.
View the best growth stocks for 2023 here
.

Are investors shorting Elevance Health?

Elevance Health saw a increase in short interest during the month of December. As of December 15th, there was short interest totaling 2,150,000 shares, an increase of 39.6% from the November 30th total of 1,540,000 shares. Based on an average trading volume of 1,110,000 shares, the days-to-cover ratio is presently 1.9 days. Currently, 0.9% of the shares of the company are short sold.
View Elevance Health's Short Interest
.

When is Elevance Health's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, January 24th 2024.
View our ELV earnings forecast
.

How were Elevance Health's earnings last quarter?

Elevance Health, Inc. (NYSE:ELV) released its quarterly earnings results on Wednesday, October, 18th. The company reported $8.99 earnings per share for the quarter, topping the consensus estimate of $8.45 by $0.54. The business earned $42.48 billion during the quarter, compared to analyst estimates of $42.69 billion. Elevance Health had a trailing twelve-month return on equity of 20.71% and a net margin of 3.61%. The business's revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $7.53 EPS.

How often does Elevance Health pay dividends? What is the dividend yield for Elevance Health?

Elevance Health declared a quarterly dividend on Tuesday, October 17th. Investors of record on Wednesday, December 6th will be given a dividend of $1.48 per share on Thursday, December 21st. This represents a $5.92 annualized dividend and a dividend yield of 1.26%. The ex-dividend date is Tuesday, December 5th.
Read our dividend analysis for ELV
.

Is Elevance Health a good dividend stock?

Elevance Health (NYSE:ELV) pays an annual dividend of $5.92 per share and currently has a dividend yield of 1.26%. The company has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 23.24%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ELV will have a dividend payout ratio of 15.99% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ELV.

How do I buy shares of Elevance Health?

Shares of ELV stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Elevance Health have any subsidiaries?
The following companies are subsidiares of Elevance Health: 1-800 Contacts, AIM Specialty Health, AMERIGROUP Community Care of New Mexico Inc., AMERIGROUP Corporation, AMERIGROUP Maryland Inc., AMERIGROUP New Jersey Inc., AMERIGROUP Ohio Inc., AMERIGROUP Tennessee Inc., AMERIGROUP Texas Inc., AMERIGROUP Washington Inc., AMGP Georgia Managed Care Company Inc., ATH Holding Company LLC, America's 1st Choice of South Carolina Inc., America's Health Management Services Inc., American Imaging Management Inc., America’s 1st Choice, Amerigroup, Amerigroup Delaware Inc., Amerigroup District of Columbia Inc., Amerigroup Health Plan of Louisiana Inc., Amerigroup IPA of New York LLC, Amerigroup Insurance Company, Amerigroup Iowa Inc., Amerigroup Kansas Inc., Amerigroup Mississippi Inc., Amerigroup Oklahoma Inc., Amerigroup Partnership Plan LLC, Amerigroup Pennsylvania Inc., Anthem Blue Cross Life and Health Insurance Company, Anthem Financial Inc., Anthem Health Plans Inc., Anthem Health Plans of Kentucky Inc., Anthem Health Plans of Maine Inc., Anthem Health Plans of New Hampshire Inc., Anthem Health Plans of Virginia Inc., Anthem Holding Corp., Anthem Innovation Israel Ltd., Anthem Insurance Companies Inc., Anthem Kentucky Managed Care Plan Inc., Anthem Life & Disability Insurance Company, Anthem Life Insurance Company, Anthem Partnership Holding Company LLC, Anthem Services Company LLC, Anthem Southeast Inc., Anthem UM Services Inc., Anthem Workers' Compensation LLC, Applied Pathways LLC, Arcus Enterprises Inc., Aspire Health Inc., Aspire Healthcare Corp, Associated Group Inc., Beacon Health Options, Blue Cross Blue Shield Healthcare Plan of Georgia Inc., Blue Cross Blue Shield of Wisconsin, Blue Cross of California, Blue Cross of California Partnership Plan Inc., CareMarket Inc., CareMore Health Plan, CareMore Health Plan of Arizona Inc., CareMore Health Plan of Nevada, CareMore Health Plan of Texas Inc., CareMore Health System, CareMore LLC, Cerulean Companies Inc., Claim Management Services Inc., Community Care Health Plan of Louisiana Inc., Community Care Health Plan of Nevada Inc., Community Insurance Company, Compcare Health Services Insurance Corporation, Crossroads Acquisition Corp., DBG Holdings Inc., DeCare Analytics LLC, DeCare Dental Health International LLC, DeCare Dental Insurance Ireland Ltd., DeCare Dental LLC, DeCare Dental Networks LLC, DeCare Operations Ireland Limited, Delivery Network LLC, Designated Agent Company Inc., EHC Benefits Agency Inc., EasyScripts Cutler Bay LLC, EasyScripts Hialeah LLC, EasyScripts LLC, EasyScripts Westchester LLC, Empire HealthChoice Assurance Inc., Empire HealthChoice HMO Inc., Federal Government Solutions LLC, Freedom Health Inc., Global TPA LLC, Golden West Health Plan Inc., Greater Georgia Life Insurance Company, HEP AP Holdings Inc., HMO Colorado Inc., HMO Missouri Inc., Health Core Inc., Health Management Corporation, Health Ventures Partner L.L.C., HealthKeepers Inc., HealthLink HMO Inc., HealthLink Inc., HealthLink Insurance Company, HealthPlus HP LLC, HealthSun Health Plans, HealthSun Health Plans Inc., HealthSun Holdings LLC, HealthSun Management LLC, HealthSun Physicians Network I LLC, HealthSun Physicians Network LLC, Healthy Alliance Life Insurance Company, Highland Acquisition Holdings LLC, Highland Holdco Inc., Highland Intermediate Holdings LLC, Highland Investor Holdings LLC, Imaging Management Holdings LLC, IngenioRx Inc., Legato Health Technologies LLP, Legato Health Technologies Philippines Inc., Legato Holdings I Inc., Legato Holdings II LLC, Living Complete Technologies Inc., Matthew Thornton Health Plan Inc., Memphis Supportive Care Partnership LLC, Meridian Resource Company LLC, Missouri Care Incorporated, NGS Federal LLC, Nash Holding Company LLC, National Government Services Inc., New England Research Institutes Inc., Optimum Healthcare Inc., Park Square Holdings Inc., Park Square I Inc., Park Square II Inc., Pasteur Medical Bird Road LLC, Pasteur Medical Center LLC, Pasteur Medical Cutler Bay LLC, Pasteur Medical Group LLC, Pasteur Medical Hialeah Gardens LLC, Pasteur Medical Holdings LLC, Pasteur Medical Kendall LLC, Pasteur Medical Management LLC, Pasteur Medical Miami Gardens LLC, Pasteur Medical North Miami Beach LLC, Pasteur Medical Partners LLC, Resolution Health Inc, Resolution Health Inc., RightCHOICE Managed Care Inc., Rocky Mountain Hospital and Medical Service Inc., SellCore Inc., Simply Healthcare Holdings, Simply Healthcare Plans Inc., Southeast Services Inc., State Sponsored DM Services Inc., The Anthem Companies Inc., The Anthem Companies of California Inc., TrustSolutions LLC, UNICARE Health Plan of West Virginia Inc., UNICARE Illinois Services Inc., UNICARE National Services Inc., UniCare Life & Health Insurance Company, UniCare Specialty Services Inc., Valus Inc., WPMI LLC, WellCare of Nebraska Inc., WellPoint Acquisition LLC, WellPoint California Services Inc., WellPoint Dental Services Inc., WellPoint Health Solutions Inc., WellPoint Holding Corp., WellPoint Information Technology Services Inc., WellPoint Insurance Services Inc., WellPoint Military Care Corporation, Wellmax Health Medical Centers LLC, Wellmax Health Physicians Network LLC, and Wisconsin Collaborative Insurance Company.
Read More
This page (NYSE:ELV) was last updated on 12/31/2023 by MarketBeat.com Staff

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