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Top-Rated StocksTop-Rated
NYSE:ELV

Elevance Health (ELV) Stock Forecast, Price & News

$464.01
+16.19 (+3.62%)
(As of 03:16 PM ET)
Compare
Today's Range
$448.05
▼
$467.52
50-Day Range
$441.60
▼
$496.20
52-Week Range
$438.56
▼
$549.52
Volume
1.12 million shs
Average Volume
1.13 million shs
Market Capitalization
$110.00 billion
P/E Ratio
18.05
Dividend Yield
1.28%
Price Target
$570.60
ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media

Elevance Health MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.92 Rating Score
Upside/​Downside
22.9% Upside
$570.60 Price Target
Short Interest
Healthy
0.78% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
1.22mentions of Elevance Health in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$6.71 M Sold Last Quarter
Proj. Earnings Growth
12.72%
From $32.78 to $36.95 Per Share

Overall MarketRank™

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

3.33 out of 5 stars

Medical Sector

1st out of 1,980 stocks

Hospital & Medical Service Plans Industry

1st out of 22 stocks

See Top Rated MarketRank™ Stocks Here

ELV stock logo

About Elevance Health (NYSE:ELV) Stock

Elevance Health, Inc. operates as a health company, which engages in improving lives and communities, and making healthcare simpler. It operates through the following segments: Commercial and Specialty Business, Government Business, CarelonRx, and Other. The Commercial and Specialty Business segment provides insurance products and services such as stop loss, dental, vision, life, disability and supplemental health insurance. The Government Business segment includes medicare and medicaid businesses, national government services, and services provided to the federal government. The CerelonRx segment offers formulary management, pharmacy networks, prescription drug database, member services, and mail order capabilities. The Other segment is involved in health services business focused on quality of healthcare by enabling and creating new care delivery and payment models. The company was founded in 1944 and is headquartered in Indianapolis, IN.

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ELV Stock News Headlines

June 1, 2023 | americanbankingnews.com
Zacks Research Equities Analysts Lift Earnings Estimates for Elevance Health, Inc. (NYSE:ELV)
May 22, 2023 | finance.yahoo.com
Here's Why You Should Hold Elevance (ELV) in Your Portfolio
June 1, 2023 | Edge On The Street (Ad)
Graphite Shortage Could Derail the $7 Trillion EV Transition
Graphite (not lithium) is expected to see the largest increase in demand of all battery metals over the next decade. But projections warn of an 8 million ton shortfall of graphite by 2040. That's why 97 more graphite mines are needed just to keep up with battery production for the $7 trillion transition to electric vehicles.
May 19, 2023 | businesswire.com
Elevance Health Announces Appearance at the Bernstein 39 th Annual Strategic Decisions Conference
May 19, 2023 | finance.yahoo.com
Why Is Elevance Health (ELV) Up 0% Since Last Earnings Report?
May 19, 2023 | americanbankingnews.com
Elevance Health (NYSE:ELV) Coverage Initiated by Analysts at StockNews.com
May 18, 2023 | finance.yahoo.com
Elevance Health Announces Appearance at the Bernstein 39th Annual Strategic Decisions Conference
May 18, 2023 | finance.yahoo.com
Is Elevance Health (ELV) Trading at a Reasonable Valuation?
June 1, 2023 | Edge On The Street (Ad)
The $193 Billion US-China War You Don't Know About
They're fighting for control of lithium – a key ingredient in EVs and clean energy technology. It's arguably the most important commodity of the 21st century. China owns 80% of global supply. But the US plans to grab a massive slice of the lithium market, which is forecasted to quadruple to $193 billion by 2028, according to Fortune Business Insights.
May 15, 2023 | americanbankingnews.com
Elevance Health, Inc. (NYSE:ELV) Short Interest Up 20.7% in April
May 12, 2023 | finance.yahoo.com
Elevance Health, Inc.: Raising EPS estimates
May 8, 2023 | americanbankingnews.com
Elevance Health, Inc. (NYSE:ELV) Receives $572.19 Average Price Target from Analysts
May 6, 2023 | finance.yahoo.com
Elevance Health, Inc. (ELV)
May 5, 2023 | benzinga.com
Elevance Health Announces Appearance at the 2023 RBC Capital Markets Global Healthcare Conference
May 3, 2023 | americanbankingnews.com
FY2023 EPS Estimates for Elevance Health, Inc. Boosted by Analyst (NYSE:ELV)
May 1, 2023 | finance.yahoo.com
ELV vs. AMEH: Which Stock Is the Better Value Option?
May 1, 2023 | americanbankingnews.com
Elevance Health (NYSE:ELV) Stock Rating Reaffirmed by 22nd Century Group
April 28, 2023 | finance.yahoo.com
AMN Healthcare (AMN) to Post Q1 Earnings: What's in the Cards?
April 28, 2023 | americanbankingnews.com
Elevance Health (NYSE:ELV) Stock Rating Upgraded by Morgan Stanley
April 27, 2023 | msn.com
Morgan Stanley Upgrades Elevance Health, Inc. (ELV)
April 25, 2023 | finance.yahoo.com
Should Dividend Growth Investors Buy This Blue Chip Healthcare Stock?
April 25, 2023 | americanbankingnews.com
Q1 2024 EPS Estimates for Elevance Health, Inc. Lifted by Analyst (NYSE:ELV)
April 25, 2023 | americanbankingnews.com
Elevance Health, Inc. to Post FY2023 Earnings of $32.84 Per Share, Cantor Fitzgerald Forecasts (NYSE:ELV)
April 25, 2023 | americanbankingnews.com
Jefferies Financial Group Analysts Decrease Earnings Estimates for Elevance Health, Inc. (NYSE:ELV)
April 24, 2023 | markets.businessinsider.com
Elevance Health (ELV) Receives a Buy from Wells Fargo
April 24, 2023 | msn.com
Wells Fargo Maintains Elevance Health, Inc. (ELV) Overweight Recommendation
April 24, 2023 | markets.businessinsider.com
Wells Fargo Maintains Overweight Rating for Elevance Health: Here's What You Need To Know
See More Headlines

ELV Price History

ELV Company Calendar

Ex-Dividend for 3/24 Dividend
3/09/2023
Dividend Payable
3/24/2023
Last Earnings
4/19/2023
Today
6/01/2023
Ex-Dividend for 6/23 Dividend
6/08/2023
Dividend Payable
6/23/2023
Next Earnings (Estimated)
7/19/2023
Fiscal Year End
12/31/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NYSE
Industry
Hospital & medical service plans
Sub-Industry
Managed Health Care
Sector
Medical
Current Symbol
NYSE:ELV
CUSIP
94973V10
CIK
1156039
Web
www.antheminc.com
Phone
(800) 331-1476
Fax
317-488-6275
Employees
102,300
Year Founded
2004

Price Target and Rating

Average Stock Price Forecast
$570.60
High Stock Price Forecast
$610.00
Low Stock Price Forecast
$547.00
Forecasted Upside/Downside
+23.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.92
Research Coverage
12 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$25.70
Trailing P/E Ratio
18.05
Forward P/E Ratio
14.15
P/E Growth
1.11
Net Income
$6.03 billion
Net Margins
3.86%
Pretax Margin
5.03%
Return on Equity
20.05%
Return on Assets
7.03%

Debt

Debt-to-Equity Ratio
0.67
Current Ratio
1.43
Quick Ratio
1.43

Sales & Book Value

Annual Sales
$156.60 billion
Price / Sales
0.70
Cash Flow
$38.21 per share
Price / Cash Flow
12.14
Book Value
$158.02 per share
Price / Book
2.94

Miscellaneous

Outstanding Shares
237,060,000
Free Float
236,226,000
Market Cap
$109.96 billion
Optionable
Optionable
Beta
0.84

Social Links


Key Executives

  • Gail Koziara Boudreaux
    President, Chief Executive Officer & Director
  • John Edward Gallina
    Chief Financial Officer & Executive Vice President
  • Dustin Wilcox
    VP & Chief Information Security Officer
  • Peter David HaytaianPeter David Haytaian
    Executive VP, President-Carelon & CarelonRX
  • Morgan Kendrick
    EVP & President-Commercial & Specialty Business

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













ELV Stock - Frequently Asked Questions

Should I buy or sell Elevance Health stock right now?

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Elevance Health in the last year. There are currently 1 hold rating and 11 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" ELV shares.
View ELV analyst ratings or view top-rated stocks.

What is Elevance Health's stock price forecast for 2023?

12 Wall Street research analysts have issued 12 month target prices for Elevance Health's shares. Their ELV share price forecasts range from $547.00 to $610.00. On average, they anticipate the company's share price to reach $570.60 in the next year. This suggests a possible upside of 23.0% 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 the year. Since then, ELV stock has decreased by 9.6% and is now trading at $463.86.
View the best growth stocks for 2023 here.

Are investors shorting Elevance Health?

Elevance Health saw a decrease in short interest in the month of May. As of May 15th, there was short interest totaling 1,840,000 shares, a decrease of 7.1% from the April 30th total of 1,980,000 shares. Based on an average daily volume of 1,090,000 shares, the days-to-cover ratio is currently 1.7 days. Currently, 0.8% of the shares of the stock 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, July 19th 2023.
View our ELV earnings forecast.

How were Elevance Health's earnings last quarter?

Elevance Health, Inc. (NYSE:ELV) announced its quarterly earnings data on Wednesday, April, 19th. The company reported $9.46 EPS for the quarter, topping analysts' consensus estimates of $9.26 by $0.20. The business had revenue of $41.90 billion for the quarter, compared to the consensus estimate of $40.93 billion. Elevance Health had a trailing twelve-month return on equity of 20.05% and a net margin of 3.86%. The firm's revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $8.25 earnings per share.

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

Elevance Health declared a quarterly dividend on Thursday, April 20th. Shareholders of record on Friday, June 9th will be paid a dividend of $1.48 per share on Friday, June 23rd. This represents a $5.92 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date is Thursday, June 8th.
Read our dividend analysis for ELV.

What ETFs hold Elevance Health's stock?

ETFs with the largest weight of Elevance Health (NYSE:ELV) stock in their portfolio include iShares U.S. Healthcare Providers ETF (IHF), Guru Favorite Stocks ETF (GFGF), Simplify Health Care ETF (PINK), Alpha Intelligent - Large Cap Value ETF (AILV), Victoryshares Dividend Accelerator ETF (VSDA), Corbett Road Tactical Opportunity ETF (OPPX), T. Rowe Price Equity Income ETF (TEQI) and iShares U.S. Healthcare ETF (IYH).

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 1.34%. 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 23.04%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ELV will have a dividend payout ratio of 16.02% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ELV.

What guidance has Elevance Health issued on next quarter's earnings?

Elevance Health issued an update on its FY 2023 earnings guidance on Wednesday, April, 19th. The company provided earnings per share (EPS) guidance of $32.70- for the period, compared to the consensus estimate of $37.00. The company issued revenue guidance of -.

What is Elevance Health's stock symbol?

Elevance Health trades on the New York Stock Exchange (NYSE) under the ticker symbol "ELV."

Who are Elevance Health's major shareholders?

Elevance Health's stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (8.79%), Price T Rowe Associates Inc. MD (5.60%), State Street Corp (4.62%), Wellington Management Group LLP (3.57%), FMR LLC (2.03%) and Geode Capital Management LLC (1.80%). Insiders that own company stock include Charles Morgan Kendrick Jr, Gloria M Mccarthy, John E Gallina, Julie A Hill, Peter D Haytaian, Ramiro G Peru, Robert L Dixon Jr, Ronald W Penczek and Ryan M Schneider.
View institutional ownership trends.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Elevance Health's stock price today?

One share of ELV stock can currently be purchased for approximately $463.86.

How much money does Elevance Health make?

Elevance Health (NYSE:ELV) has a market capitalization of $109.96 billion and generates $156.60 billion in revenue each year. The company earns $6.03 billion in net income (profit) each year or $25.70 on an earnings per share basis.

How many employees does Elevance Health have?

The company employs 102,300 workers across the globe.

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
How can I contact Elevance Health?

Elevance Health's mailing address is 220 VIRGINIA AVENUE, INDIANAPOLIS IN, 46204. The official website for the company is www.antheminc.com. The company can be reached via phone at (800) 331-1476, via email at chris.rigg@anthem.com, or via fax at 317-488-6275.

This page (NYSE:ELV) was last updated on 6/1/2023 by MarketBeat.com Staff

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