Investment firm Nisa Investment Advisors LLC reduced its stake in Elevance Health by 12.1% in Q2.

Investment firm Nisa Investment Advisors LLC reduced its stake in Elevance Health, Inc. (ELV) by 12.1% during Q2, according to a recent filing with the SEC. The company now owns 87,050 shares of the company's stock. Elevance Health, a health insurance and related services provider, has seen recent changes in institutional investors' holdings, with a combined 89.24% of the stock owned by institutional investors and hedge funds. In Q2, Elevance Health reported earnings of $10.12 per share, beating the consensus estimate of $9.99 by $0.13. Analysts expect the company to post 37.25 earnings per share for the current fiscal year.

August 19, 2024
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