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Elevance Health stock rises 4.7% after strong quarterly earnings and institutional buy-in.
Elevance Health, Inc. saw its stock increase slightly by 4.7% as Franklin Resources Inc. now owns 1,156,189 shares after selling some.
The company reported a strong quarter with earnings of $3.84 per share, beating estimates by $0.04.
Institutional investors own 89.24% of the stock.
Elevance Health provides health plans and services in the U.S. and has a market cap of $99.01 billion.
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