Elevance Health: A Bargain At 11x Earnings

Shares of Elevance Health (NYSE: ELV ) have fallen 27% over the past year and the stock has meaningfully underperformed the broader market ( SPY ) over the past 1, 3, and 5 years. While there are reasons for this underperformance whichAnalyst’s Disclosure: I/we have a beneficial long position in the shares of ELV either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). ...