Elevance Health, Inc. (ELV)

In October 2025, Elevance Health reported its Q3 results, showing a double-beat on revenue and EPS, but a year-over-year decline in the bottom line. In December 2025, Elevance Health expanded its Virtual Assistant and Massachusetts Financial Services Co. MA reduced its stake in Elevance Health. In January 2026, Elevance Health issued a cautious outlook for 2026 and released its Q4 and full-year 2025 financial results. In February 2026, CMS informed Elevance Health of its intention to impose intermediate sanctions, and the company announced management changes. In March 2026, Elevance Health announced leadership appointments and partnered with the National Diaper Bank Network. In April 2026, Elevance Health's shares surged after CMS finalized a higher-than-expected Medicare Advantage rate increase for 2027, and BofA upgraded its managed care outlook and raised Elevance's price target.

Demand for Elevance Health's products and services exhibits seasonality. There is a surge in sign-ups for health plans in December due to open enrollment periods and employer renewals. Healthcare utilization and spending increase as the year progresses, and medical claims rise during the winter months due to seasonal illnesses and injuries.

Elevance Health, Inc. (ELV) is a health benefits company in the United States, operating within the Healthcare sector and Managed Health Care industry. The company provides health plans and services to individuals, employer groups, and government-sponsored programs. Its major products and services include health plans, pharmacy services through CarelonRx, and healthcare-related services via Carelon Services. Elevance Health delivers its services under brands like Anthem Blue Cross and Blue Shield, Wellpoint, and Carelon.

Elevance Health's headquarters is located in Indianapolis, Indiana, United States. It primarily focuses on the U.S. market, with operations across 15 states and as a Blue Cross Blue Shield licensee in 14 states. The company also maintains offices in various cities in North Carolina. Elevance Health's global reach is supported through partnerships and services for international health benefits and data analytics.

Elevance Health's brand reputation has experienced both challenges and positive developments. The Blue Cross Blue Shield brand is widely recognized and trusted. However, subsidiaries faced lawsuits alleging the operation of "ghost networks," and the company has been subject to regulatory scrutiny. On the positive side, Elevance Health announced leadership appointments to strengthen execution and drive growth, expanded its Virtual Assistant, and partnered with the National Diaper Bank Network.

Elevance Health's ownership is predominantly held by institutional investors, including Vanguard Group Inc., BlackRock Inc., and State Street Corp. Vanguard Group Inc. is the largest individual shareholder, holding approximately 10.43% of the company's shares. Insider ownership is relatively small, ranging from approximately 0.17% to 2.1%.