Elevance Health, Inc. (NYSE:ELV) ranks among the best fundamental stocks to buy according to hedge funds. On June 17, UBS reaffirmed its Buy rating and $555 price target for Elevance Health, Inc. (NYSE:ELV), even after the company modified its 2025 earnings distribution. Elevance Health, Inc. (NYSE:ELV) originally predicted that first-half earnings would account for 62–63% of full-year results. However, the company now expects them to account for 60%.
In order of significance, Elevance Health, Inc. (NYSE:ELV) identified three factors that impacted second-quarter earnings expectations: higher underlying clarity in Affordable Care Act (ACA) populations after membership erosion, out-of-network billing difficulties in behavioral health services centered on exchanges, and Medicaid cost trends not slowing down as quickly as expected.
To address these second-quarter trends, Elevance Health, Inc. (NYSE:ELV) is looking into ways to minimize expenses in order to boost performance in the second half of the year.
Elevance Health, Inc. (NYSE:ELV), previously Anthem, Inc., is a leading health-benefits provider in the United States. The company offers medical, pharmaceutical, dental, long-term care, disability, and behavioral health insurance under numerous brands, including Anthem Blue Cross, Blue Shield, Wellpoint, and Carelon.
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