5 Healthcare Stocks Billionaires Are Loading Up On

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

Number of Billionaire Investors: 19
Number of Hedge Fund Holders: 81

Elevance Health, Inc. (NYSE:ELV) is an American health insurance provider, which remained widely popular among billionaire investors in Q1 2023. In April, Morgan Stanley upgraded the stock to Overweight and also lifted its price target on the stock to $571. The firm noted the company’s strong potential for long-term earnings growth and its overall profile.

Elevance Health, Inc. (NYSE:ELV) is one of the strongest dividend payers, with 11 years of consecutive dividend growth. The company offers a quarterly dividend of $1.48 per share for a dividend yield of 1.23%, as of June 7.

Elevance Health, Inc. (NYSE:ELV) was a part of 81 hedge fund portfolios in Q1 2023, up from 75 in the previous quarter, as per Insider Monkey’s database. Billionaire Rajiv Jain’s GQG Partners was one of the company’s largest stakeholders in Q1.

Follow Elevance Health Inc. (NYSE:ELV)