After several years of elevated utilization that has not been fully offset by rate increases yet, covered MCO shares have risen about 35% on average since our last managed care industry report in September 2025, in anticipation of rising profits in at-risk medical insurance plans.
Elevance continues to use its scale-related advantages for the benefit of clients, and we remain intrigued by its ongoing efforts to align incentives with caregivers, including the deployment of high performance provider networks.
The insurance and PBM industries will likely remain targets of regulators aiming to reduce the healthcare cost burden on society, which is its key ESG risk, in our opinion.
|
Metric
|
ELV
|
CI
|
CVS
|
|---|---|---|---|
Price/Earnings (Normalized) | 12.99 | 8.51 | 10.87 |
Price/Book Value | 1.84 | 1.66 | 1.37 |
Price/Sales | 0.42 | 0.25 | 0.26 |
Price/Cash Flow | 13.96 | 7.06 | 7.18 |
|
Metric
|
ELV
|
CI
|
CVS
|
|---|---|---|---|
Quick Ratio | — | 0.68 | 0.62 |
Current Ratio | — | 0.85 | 0.87 |
Interest Coverage | 5.08 | 7.08 | 2.87 |
|
Metric
|
ELV
|
CI
|
CVS
|
|---|---|---|---|
Return on Assets (Normalized) | 5.24% | 5.37% | 3.94% |
Return on Equity (Normalized) | 14.71% | 20.03% | 13.12% |
Return on Invested Capital (Normalized) | 10.18% | 12.89% | 8.09% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| UnitedHealth Group Inc
UNH
| LOCK|fv#N>@ | LOCK|>Fl^ | $328B | |||
| CVS Health Corp
CVS
| LOCK|qW^S!% | LOCK|Ng^ | $109B | |||
| The Cigna Group
CI
| LOCK|gLB#dD | LOCK|jbqS | $71B | |||
| Humana Inc
HUM
| LOCK|d%w?p$ | LOCK|f^ZW | $46B | |||
| Centene Corp
CNC
| LOCK|w&!BwG | LOCK|M&J | $30B | |||
| Molina Healthcare Inc
MOH
| LOCK|yhb>kMy | LOCK|%R&k | $9B | |||
| Oscar Health Inc Class A
OSCR
| — | LOCK|?> | $9B | |||
| Clover Health Investments Corp Ordinary Shares - Class A
CLOV
| — | LOCK|!R | $2B | |||
| Progyny Inc
PGNY
| — | LOCK|Y>g | $2B |
United States