Elevance HealthELV
About: Elevance Health remains one of the leading health insurers in the US, providing medical benefits to 46 million medical members as of December 2024. The company offers employer, individual, and government-sponsored coverage plans. Elevance differs from its peers in its unique position as the largest single provider of Blue Cross Blue Shield branded coverage, operating as the licensee for the Blue Cross Blue Shield Association in 14 states. Through acquisitions, such as the Amerigroup deal in 2012 and MMM in 2021, Elevance's reach expands beyond those states through government-sponsored programs, such as Medicaid and Medicare Advantage plans, too. It is also an emerging player in pharmacy benefit management and other healthcare services.
Employees: 104,200
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
57% more first-time investments, than exits
New positions opened: 214 | Existing positions closed: 136
36% more call options, than puts
Call options by funds: $801M | Put options by funds: $588M
23% more repeat investments, than reductions
Existing positions increased: 643 | Existing positions reduced: 523
16% more funds holding in top 10
Funds holding in top 10: 37 [Q4 2024] → 43 (+6) [Q1 2025]
14% more capital invested
Capital invested by funds: $75.9B [Q4 2024] → $86.9B (+$10.9B) [Q1 2025]
3% more funds holding
Funds holding: 1,571 [Q4 2024] → 1,619 (+48) [Q1 2025]
0.93% less ownership
Funds ownership: 88.85% [Q4 2024] → 87.93% (-0.93%) [Q1 2025]
Research analyst outlook
7 Wall Street Analysts provided 1 year price targets over the past 3 months
7 analyst ratings
Truist Securities David Macdonald | 30%upside $500 | Buy Maintained | 9 Jun 2025 |
RBC Capital Ben Hendrix | 24%upside $478 | Outperform Reiterated | 4 Jun 2025 |
Barclays Andrew Mok | 25%upside $480 | Overweight Maintained | 2 Jun 2025 |
Guggenheim Jason Cassorla | 35%upside $518 | Buy Reiterated | 23 Apr 2025 |
Cantor Fitzgerald Sarah James | 26%upside $485 | Overweight Reiterated | 23 Apr 2025 |
Financial journalist opinion
Based on 154 articles about ELV published over the past 30 days









