What Are The Chances Of Elevance Health Inc (NYSE: ELV) Becoming A Clear Buy?

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities.

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Stocks Info

As a NYSE listed company, ELV falls under the Healthcare sector while operating within the Healthcare Plans industry segment. The current market capitalization of Elevance Health Inc is $118.04B. A total of 1.13 million shares were traded on the day, compared to an average of 1.04M shares.

In the most recent transaction, PERU RAMIRO G sold 753 shares of ELV for 531.52 per share on Aug 05 ’24. After the transaction, the Director now owns 8,744 company shares. In a previous transaction on Aug 05 ’24, RAMIRO G PERU bought 753 shares at 531.52 per share.

Among the insiders who sold shares, BOUDREAUX GAIL disposed of 34,000 shares on Jul 22 ’24 at a per-share price of $500.98. This resulted in the President and CEO holding 126,709 shares of ELV after the transaction. In another insider transaction, Dixon Robert L JR sold 305 shares at $506.76 per share on Jul 19 ’24. Company shares held by the Director now total 9,721.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Elevance Health Inc pays an annual dividend of $6.37, resulting in a dividend yield of 1.25%, and it has a price to earnings (P/E) ratio of 17.84. ELV’s most recent ex-dividend date was 9/10/2024 when it declared a $1.63 quarterly dividend that was paid in cash on 9/25/2024. Previously, the company paid the dividend on 6/25/2024 with an ex-dividend date of 6/10/2024. The ELV stock dividend was $1.63 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, ELV has a high of $567.26 and a low of $435.99.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. ELV’s latest balance sheet shows that the firm has $31.15B in Cash & Short Term Investments as of fiscal 2021. Its Book Value Per Share was $181.93, while its Total Shareholder’s Equity was $36.13B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ELV is Buy with a score of 4.68.

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