11 Best Feminist Stocks To Invest In

4. Elevance Health, Inc. (NYSE:ELV)

Number of Hedge Fund Shareholders In Q1 2024: 79

CEO: Gail Koziara Boudreaux

Elevance Health, Inc. (NYSE:ELV) is a health benefits company headquartered in Indianapolis, Indiana. The average of 18 one year analyst share price targets for the firm is $609.25 while the shares are rated Strong Buy on average. Mizuho was impressed by Elevance Health, Inc. (NYSE:ELV)’s future EPS projections in April 2024 when it raised the firm’s share price target to $585 from $575 and kept a Buy rating on the shares. The firm shared that it now believes that Elevance Health, Inc. (NYSE:ELV)’s adjusted EPS in 2024 and 2025 will be $37.30 and $41.60, respectively, which marks a $0.10 growth over earlier estimates. One factor that affected Mizuho’s optimism was Elevance Health, Inc. (NYSE:ELV)’s partnership with a private equity firm in April which saw it expand its primary care options by considering a patient’s holistic profile.

Elevance Health, Inc. (NYSE:ELV)’s forward price to earnings ratio is 14.47, but it’s been around these levels most of the time over the last decade, yet the health insurance company managed to outgrow the market and outperform the S&P 500 Index. Artisan Partners mentioned Elevance Health, Inc. (NYSE:ELV) in its Q4 2023 investor letter where it shared that the firm “benefits from continued growth in health care expenditures as our society ages.”