Solidarity Wealth LLC Sells 200 Shares of Elevance Health, Inc. (NYSE:ELV)

Solidarity Wealth LLC lowered its holdings in shares of Elevance Health, Inc. (NYSE:ELV) by 15.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,068 shares of the company’s stock after selling 200 shares during the quarter. Solidarity Wealth LLC’s holdings in Elevance Health were worth $394,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. AE Wealth Management LLC grew its stake in Elevance Health by 13.9% in the 2nd quarter. AE Wealth Management LLC now owns 5,205 shares of the company’s stock valued at $2,820,000 after buying an additional 637 shares during the last quarter. Ensign Peak Advisors Inc grew its stake in Elevance Health by 5.0% in the 2nd quarter. Ensign Peak Advisors Inc now owns 60,115 shares of the company’s stock valued at $32,574,000 after buying an additional 2,862 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in Elevance Health by 44.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,431 shares of the company’s stock valued at $762,000 after buying an additional 438 shares during the last quarter. Public Sector Pension Investment Board grew its stake in Elevance Health by 71.1% in the 2nd quarter. Public Sector Pension Investment Board now owns 8,932 shares of the company’s stock valued at $4,840,000 after buying an additional 3,711 shares during the last quarter. Finally, Magnetar Financial LLC grew its stake in Elevance Health by 524.6% in the 2nd quarter. Magnetar Financial LLC now owns 7,808 shares of the company’s stock valued at $4,231,000 after buying an additional 6,558 shares during the last quarter. Institutional investors own 89.24% of the company’s stock.

Elevance Health Trading Down 0.3 %

Shares of NYSE ELV opened at $384.26 on Tuesday. Elevance Health, Inc. has a 1-year low of $362.21 and a 1-year high of $567.26. The company has a market cap of $89.12 billion, a PE ratio of 14.01, a P/E/G ratio of 1.08 and a beta of 0.84. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.56. The company has a 50-day moving average of $388.02 and a two-hundred day moving average of $466.18.

Wall Street Analysts Forecast Growth

ELV has been the topic of a number of research analyst reports. Royal Bank of Canada lowered their target price on shares of Elevance Health from $585.00 to $478.00 and set an “outperform” rating on the stock in a research note on Friday, October 18th. Mizuho lowered their target price on shares of Elevance Health from $585.00 to $505.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 5th. Barclays decreased their price target on shares of Elevance Health from $622.00 to $501.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 22nd. TD Cowen decreased 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 report on Monday, October 21st. Finally, StockNews.com upgraded shares of Elevance Health from a “hold” rating to a “buy” rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Elevance Health currently has an average rating of “Moderate Buy” and a consensus price target of $536.53.

About Elevance Health

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.