DKRT Investments Corp. Increases Stake in Elevance Health, Inc. $ELV

Key Points

• DKRT Investments Corp. increased its stake in Elevance Health by 97.3% in Q3 to 146,000 shares, making ELV about 11.3% of DKRT’s portfolio (its second-largest holding) and worth roughly $47.18 million.
• Q4 results and outlook: Elevance reported EPS of $3.33 (beat) and $49.31 billion in revenue, set FY2026 guidance at 25.500 EPS, and carries a consensus "Moderate Buy" with an average price target of $390.55.
• Dividend and valuation: the company raised its quarterly dividend to $1.72 (annualized $6.88, ~2.4% yield); market cap is about $63.9B with a P/E of 11.53 and a 12-month range of $273.71–$458.75.

DKRT Investments Corp. increased its stake in shares of Elevance Health, Inc. (NYSE:ELV - Free Report) by 97.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 146,000 shares of the company's stock after purchasing an additional 72,000 shares during the quarter. Elevance Health makes up about 11.3% of DKRT Investments Corp.'s portfolio, making the stock its 2nd largest holding. DKRT Investments Corp. owned about 0.07% of Elevance Health worth $47,176,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Nilsine Partners LLC grew its stake in shares of Elevance Health by 1.5% during the third quarter. Nilsine Partners LLC now owns 1,918 shares of the company's stock worth $620,000 after buying an additional 29 shares during the last quarter. HBK Sorce Advisory LLC lifted its stake in shares of Elevance Health by 4.4% in the 3rd quarter. HBK Sorce Advisory LLC now owns 743 shares of the company's stock valued at $260,000 after acquiring an additional 31 shares during the last quarter. Detalus Advisors LLC lifted its stake in shares of Elevance Health by 1.8% in the 3rd quarter. Detalus Advisors LLC now owns 1,726 shares of the company's stock valued at $558,000 after acquiring an additional 31 shares during the last quarter. Forum Financial Management LP boosted its holdings in shares of Elevance Health by 1.1% during the 3rd quarter. Forum Financial Management LP now owns 2,971 shares of the company's stock valued at $960,000 after acquiring an additional 33 shares in the last quarter. Finally, Activest Wealth Management boosted its holdings in shares of Elevance Health by 66.7% during the 3rd quarter. Activest Wealth Management now owns 85 shares of the company's stock valued at $27,000 after acquiring an additional 34 shares in the last quarter. Institutional investors and hedge funds own 89.24% of the company's stock.

Wall Street Analysts Forecast Growth

ELV has been the topic of a number of recent research reports. Wells Fargo & Company cut their price target on Elevance Health from $424.00 to $391.00 and set an "overweight" rating on the stock in a research note on Friday, January 30th. Wall Street Zen downgraded Elevance Health from a "buy" rating to a "hold" rating in a research note on Sunday, February 8th. Truist Financial dropped their price objective on shares of Elevance Health from $400.00 to $390.00 and set a "buy" rating for the company in a report on Monday, February 2nd. Sanford C. Bernstein cut their target price on shares of Elevance Health from $431.00 to $409.00 and set an "outperform" rating on the stock in a research report on Friday, January 30th. Finally, Barclays decreased their price target on shares of Elevance Health from $404.00 to $393.00 and set an "overweight" rating for the company in a research report on Friday, January 30th. Twelve investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $390.55.

Elevance Health Stock Performance

Shares of ELV opened at $289.56 on Friday. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.70. The firm's fifty day simple moving average is $344.64 and its two-hundred day simple moving average is $335.01. Elevance Health, Inc. has a 12 month low of $273.71 and a 12 month high of $458.75. The stock has a market capitalization of $63.91 billion, a P/E ratio of 11.53, a price-to-earnings-growth ratio of 1.58 and a beta of 0.51.

Elevance Health (NYSE:ELV - Get Free Report) last posted its quarterly earnings data on Wednesday, January 28th. The company reported $3.33 earnings per share for the quarter, topping the consensus estimate of $3.10 by $0.23. Elevance Health had a return on equity of 15.59% and a net margin of 2.84%.The firm had revenue of $49.31 billion during the quarter, compared to analyst estimates of $49.52 billion. During the same period last year, the company posted $3.84 EPS. The business's quarterly revenue was up 9.6% on a year-over-year basis. Elevance Health has set its FY 2026 guidance at 25.500- EPS. As a group, analysts predict that Elevance Health, Inc. will post 33.96 EPS for the current year.

Elevance Health Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 25th. Shareholders of record on Tuesday, March 10th will be issued a $1.72 dividend. The ex-dividend date is Tuesday, March 10th. This is an increase from Elevance Health's previous quarterly dividend of $1.71. This represents a $6.88 dividend on an annualized basis and a yield of 2.4%. Elevance Health's dividend payout ratio is presently 27.23%.

About Elevance Health

Elevance Health, Inc NYSE: ELV is a large U.S.-based health benefits company that provides a broad range of health insurance products and related services. Headquartered in Indianapolis, the company rebranded from Anthem, Inc to Elevance Health in 2022 while continuing to operate consumer-facing health plans under established state and national brands. Gail Boudreaux serves as chief executive officer and president, leading the company's strategic focus on integrated health care and benefit delivery.

Elevance's core activities include offering medical and specialty health plans for individuals, employers and government programs, including Medicare and Medicaid managed-care products.

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