BUZZ-Elevance shares rise after raising annual profit forecast

October 21 - ** Elevance (ELV.N) shares rose 1.8% pre-market to $448

** The health insurance company raised its adjusted earnings per share forecast for fiscal year 2026 to at least $29, up from the previous forecast of at least $27

** According to data compiled by London Stock Exchange Group (LSEG), third-quarter medical loss ratio (the percentage of premiums spent on medical care) was 90.6%, lower than the analysts’ average expectation of 91.2%

** Adjusted earnings per share were $6.99, beating the expected $4.68

** As of the close of the previous trading day, the stock had gained 25.6% year to date

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