ELV
Elevance Health Inc. Healthcare - Insurance Investor Relations →
Elevance Health Inc. (ELV) closed at $338.98 as of 2026-02-02, trading 21.9% below its 200-week moving average of $433.77. This places ELV in the extreme value zone. The stock is currently moving closer to the line, down from -20.4% last week. The 14-week RSI sits at 58, indicating neutral momentum.
Over the past 1218 weeks of data, ELV has crossed below its 200-week moving average 10 times. On average, these episodes lasted 23 weeks. Historically, investors who bought ELV at the start of these episodes saw an average one-year return of +27.7%.
With a market cap of $76.3 billion, ELV is a large-cap stock. The company generates a free cash flow yield of 4.7%. Return on equity stands at 13.2%. The stock trades at 1.7x book value.
The company has been aggressively buying back shares, reducing its share count by 5.9% over the past three years.
Over the past 23.4 years, a hypothetical investment of $100 in ELV would have grown to $1337, compared to $1197 for the S&P 500. That represents an annualized return of 11.7% vs 11.2% for the index — confirming ELV as a market-beating investment and the kind of quality company where buying during 200-week moving average touches has historically been rewarded.
In the past 12 months, corporate insiders have made 2 open-market purchases totaling $2,813,531. Notably, these purchases occurred while ELV is trading below its 200-week moving average — insiders are buying when the market is most pessimistic.
Free cash flow has been declining at a -14.5% compound annual rate. A deteriorating cash flow trend warrants extra scrutiny — the stock may be cheap for a reason.
Growth of $100: ELV vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After ELV Crosses Below the Line?
Across 10 historical episodes, buying ELV when it crossed below its 200-week moving average produced an average return of +31.8% after 12 months (median +43.0%), compared to +22.2% for the S&P 500 over the same periods. 80% of those episodes were profitable after one year. After 24 months, the average return was +85.2% vs +38.1% for the index.
Each line shows $100 invested at the moment ELV crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
ELV has crossed below its 200-week MA 10 times with an average 1-year return of +27.7% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Nov 2002 | Dec 2002 | 2 | 2.0% | +14.7% | +1327.4% |
| Jan 2003 | Jan 2003 | 1 | 0.3% | +21.8% | +1305.7% |
| Feb 2003 | Mar 2003 | 6 | 10.1% | +44.1% | +1367.4% |
| Mar 2008 | Jan 2010 | 96 | 57.2% | -53.2% | +532.0% |
| Feb 2010 | Mar 2010 | 6 | 6.9% | +5.5% | +587.7% |
| Apr 2010 | Jan 2011 | 39 | 22.5% | +13.0% | +592.5% |
| Jul 2012 | Aug 2012 | 2 | 2.8% | +57.1% | +651.7% |
| Nov 2012 | Dec 2012 | 5 | 4.9% | +58.6% | +634.2% |
| Mar 2020 | Apr 2020 | 3 | 12.5% | +87.3% | +91.2% |
| Oct 2024 | Ongoing | 69+ | 39.0% | Ongoing | -19.5% |
| Average | 23 | — | +27.7% | — |
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of Friday close, 2026-02-02