Evercore ISI Group Initiates Coverage of Elevance Health (ELV) with In-Line Recommendation
Fintel reports that on April 8, 2026, Evercore ISI Group initiated coverage of Elevance Health (NYSE:ELV) with a In-Line recommendation.
Analyst Price Forecast Suggests 23.36% Upside
As of March 27, 2026, the average one-year price target for Elevance Health is $392.72/share. The forecasts range from a low of $335.32 to a high of $516.02. The average price target represents an increase of 23.36% from its latest reported closing price of $318.36 / share.
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The projected annual revenue for Elevance Health is 176,691MM, a decrease of 11.27%. The projected annual non-GAAP EPS is 47.43.
What is the Fund Sentiment?
There are 1,550 funds or institutions reporting positions in Elevance Health. This is an decrease of 953 owner(s) or 38.07% in the last quarter. Average portfolio weight of all funds dedicated to ELV is 0.30%, an increase of 24.82%. Total shares owned by institutions decreased in the last three months by 13.98% to 199,673K shares. 
The put/call ratio of ELV is 0.71, indicating a bullish outlook.
What are Other Shareholders Doing?
Wellington Management Group Llp holds 8,290K shares representing 3.77% ownership of the company. In its prior filing, the firm reported owning 6,621K shares , representing an increase of 20.13%. The firm increased its portfolio allocation in ELV by 35.99% over the last quarter.
Price T Rowe Associates holds 7,446K shares representing 3.39% ownership of the company. In its prior filing, the firm reported owning 5,839K shares , representing an increase of 21.59%. The firm increased its portfolio allocation in ELV by 39.43% over the last quarter.
Sanders Capital holds 5,751K shares representing 2.62% ownership of the company. In its prior filing, the firm reported owning 5,769K shares , representing a decrease of 0.31%. The firm increased its portfolio allocation in ELV by 1.26% over the last quarter.
Geode Capital Management holds 5,125K shares representing 2.33% ownership of the company. In its prior filing, the firm reported owning 5,144K shares , representing a decrease of 0.38%. The firm increased its portfolio allocation in ELV by 4.65% over the last quarter.
Artisan Partners Limited Partnership holds 5,033K shares representing 2.29% ownership of the company. In its prior filing, the firm reported owning 4,577K shares , representing an increase of 9.06%. The firm increased its portfolio allocation in ELV by 25.91% over the last quarter.
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This story originally appeared on Fintel.