$1 Million Purchase by the CEO of Elevance Health – Insider Weekends

I was initially tempted to write briefly about a robotics-focused closed-end fund with the clever ticker BOT where the CEO purchased $10 million worth of stock as part of a secondary offering, but the insider purchases at health insurance company Elevance Health (ELV) turned out to be more interesting.

With the Elevance purchases coming in on Friday afternoon, there was very little time for me to look into the company, and I am keeping this update brief.

Elevance Health, Inc. (ELV): $373.11

Market Cap: $80.92B

Enterprise Value: $101.73B

Introduction and Company Overview

Elevance Health is the second largest health insurance company in the US that provides commercial, Medicare and Medicaid plans through its subsidiaries like Anthem and Wellpoint. The company, which was formerly known as Anthem, also provides healthcare services like behavioral health and palliative care through its Carelon division.

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