Elevance Health Inc

ELV: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$473.00	Rxmvtlj	Fdyxxyrc

Elevance Health Earnings: Solid Start to 2023 Helps Boost Our Fair Value, Despite Emerging Headwinds

Julie Utterback

Apr 19, 2023

Elevance Health turned in strong first quarter results that contributed to a mild increase in its 2023 outlook. Considering those strong trends and cash flows generated since our last valuation change, we are increasing our fair value estimate to $520 from $478 previously. Our narrow moat rating appears intact, too, built on the firm's local scale leadership that helps it offer lower premiums than most health insurers, despite some emerging regulatory headwinds.

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