Elevance Health Inc.’s (ELV) brand, Anthem Blue Cross and Blue Shield, recently entered into a multi-year deal with the Georgia-based integrated healthcare system, Piedmont. The agreement, effective from the very beginning of April 2024, serves as a sign of the continued collaboration between the ELV brand and Piedmont. This, in turn, is expected to equip the partners in continuing to offer high quality care services to the mutually served 400,000-plus members residing across metro Atlanta, Athens, Augusta, ...

Investors interested in Medical Services stocks are likely familiar with Elevance Health (ELV) and GoodRx Holdings, Inc. (GDRX) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look. The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The proven Zacks Rank puts an emphasis on earnings estimates and estimate revisions, while our Style Scores work to ...

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Elevance Health (ELV) , which belongs to the Zacks Medical Services industry.When looking at the last two reports, this health insurer has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 3.83%, on average, in the last two quarters.For the most recent quarter, Elevance Health was expected to post earnings of $5.55 ...

U.S. stock markets have been witnessing an astonishing rally in the past 15 months. However, the major driver of this rally was globally booming artificial intelligence (AI), especially generative AI. Companies that have extensive applications of AI in their final products have become multi-baggers in the past 15 months. Stock prices of some of these companies have skyrocketed 200-300% during this period.These highly overvalued stocks make a large section of financial researchers and analysts skeptical of i ...

KEY TAKEAWAYSGrocery-store chain Kroger is selling its specialty pharmacy business to U.S. health insurer Elevance Health.Kroger didn’t disclose financial details of the deal, which it said is expected to close in the second half of 2024.The deal comes after the Federal Trade Commission last month sued to block the merger between Kroger and Albertsons. Grocery-store chain  Kroger (KR) is selling its specialty pharmacy business to U.S. health insurer Elevance Health (ELV). Kroger didn’t disclose the financia ...

Grocery store operator The Kroger Company plans to sell its specialty pharmacy business to CarelonRx, a subsidiary of Elevance Health.Kroger has entered into a definitive agreement for the sale, the company said in a Monday (March 18) press release. Subject to customary closing conditions and regulatory approvals, the sale is expected to close in the second half.“As part of our regular review of assets, it became clear that our strong specialty pharmacy business unit will better meet its full potential outs ...

Elevance Health, Inc. (ELV) is strategically poised for growth, driven by increasing memberships in individual commercial risk-based businesses and Blue Card businesses. Improving performance in the Carelon Services business is a significant tailwind for the company.Elevance, with a market capitalization of $118.6 billion, is a major health benefits company in the United States. Due to solid prospects, this currently Zacks Rank #2 (Buy) stock is worth investing in at the moment. In this analysis, we'll expl ...

Elevance Health (ELV) closed the latest trading day at $510.57, indicating a +0.21% change from the previous session's end. The stock exceeded the S&P 500, which registered a loss of 0.29% for the day. Meanwhile, the Dow experienced a drop of 0.35%, and the technology-dominated Nasdaq saw a decrease of 0.3%.The health insurer's stock has climbed by 0.67% in the past month, falling short of the Medical sector's gain of 3.72% and the S&P 500's gain of 4.42%.The investment community will be closely monitoring ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Let's take a look at what these Wall Street heavyweights have to say about Elevance Health (ELV) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Elevance Health currently has an average brokerage recomm ...

Elevance Health, Inc. (ELV) recently announced that it has completed the acquisition of Paragon Healthcare, Inc., the agreement for which was made public in the first week of this year. The strategic move is aimed at boosting its capabilities in multi-site infusion services and specialty pharmacy.Earlier, Reuters reported that the acquisition would cost ELV more than $1 billion, according to an Axios report. The acquisition is expected to help the company offer affordable and convenient healthcare solutions ...