Pure Financial Advisors LLC Lowers Stock Holdings in Elevance Health, Inc. (NYSE:ELV)

Pure Financial Advisors LLC cut its stake in shares of Elevance Health, Inc. (NYSE:ELVFree Report) by 15.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,878 shares of the company’s stock after selling 337 shares during the period. Pure Financial Advisors LLC’s holdings in Elevance Health were worth $693,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in ELV. Leonard Rickey Investment Advisors P.L.L.C. raised its stake in shares of Elevance Health by 3.4% during the fourth quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 1,061 shares of the company’s stock worth $391,000 after purchasing an additional 35 shares during the last quarter. AMI Investment Management Inc. raised its position in Elevance Health by 78.3% during the 4th quarter. AMI Investment Management Inc. now owns 4,435 shares of the company’s stock worth $1,636,000 after buying an additional 1,947 shares during the last quarter. UMB Bank n.a. lifted its stake in shares of Elevance Health by 11.0% in the 4th quarter. UMB Bank n.a. now owns 2,752 shares of the company’s stock worth $1,015,000 after acquiring an additional 273 shares during the period. Willner & Heller LLC boosted its holdings in shares of Elevance Health by 4.8% in the fourth quarter. Willner & Heller LLC now owns 2,092 shares of the company’s stock valued at $772,000 after acquiring an additional 95 shares in the last quarter. Finally, Diversify Advisory Services LLC raised its holdings in Elevance Health by 13.1% during the fourth quarter. Diversify Advisory Services LLC now owns 793 shares of the company’s stock worth $302,000 after purchasing an additional 92 shares in the last quarter. 89.24% of the stock is owned by institutional investors and hedge funds.

Elevance Health Stock Performance

NYSE ELV opened at $389.45 on Wednesday. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.56. Elevance Health, Inc. has a fifty-two week low of $362.21 and a fifty-two week high of $567.26. The business has a fifty day moving average of $387.20 and a 200-day moving average of $465.15. The stock has a market cap of $90.32 billion, a price-to-earnings ratio of 14.20, a price-to-earnings-growth ratio of 1.09 and a beta of 0.84.

Analysts Set New Price Targets

A number of brokerages have weighed in on ELV. Argus lowered Elevance Health from a “buy” rating to a “hold” rating in a report on Friday, October 18th. Truist Financial dropped their price objective on Elevance Health from $520.00 to $480.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Cantor Fitzgerald reduced their target price on Elevance Health from $600.00 to $485.00 and set an “overweight” rating for the company in a report on Friday, October 18th. TD Cowen lowered their price target on shares of Elevance Health from $589.00 to $484.00 and set a “buy” rating on the stock in a research note on Monday, October 21st. Finally, Raymond James set a $485.00 price objective on shares of Elevance Health in a research note on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Elevance Health has a consensus rating of “Moderate Buy” and an average target price of $536.53.

Check Out Our Latest Stock Report on ELV

Elevance Health Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Elevance Health (NYSE:ELV)

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