Is Elevance Health the same as Anthem?
Yes, Elevance Health is the same company as the former Anthem, Inc. The company officially rebranded from Anthem, Inc. to Elevance Health in June 2022 to better reflect its broader range of healthcare services beyond its traditional health insurance offerings. While the corporate entity is now named Elevance Health, the company continues to operate many of its well-known insurance plans under the familiar "Anthem" brand, such as Anthem Blue Cross and Blue Shield. Consequently, when you interact with an Anthem-branded plan, you are effectively a customer of the parent organization, Elevance Health.
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Determining whether Elevance Health is a "good" investment depends on an investor’s portfolio objectives, as the stock is often viewed as a stable, large-cap utility-like play in the healthcare sector.
Elevance Health (ELV) is currently viewed favorably by market analysts, holding a consensus rating of "Buy". This positive outlook is supported by insights from a significant number of analysts who cover the company.