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Insider Cluster (11 insiders) ·Filed Mar 5, 2026

ELV

Elevance Health, Inc.
NEUTRAL
Impact 4/10
Horizondays Processed7mo ago
Insider cluster: 2 insiders, $1.8M total
Actionable Insight • Neutral

The minor net selling by one executive is offset by a director's purchase; no strong signal. Monitor for follow-up trades or commentary ahead of earnings. Tax withholdings are routine and not indicative of sentiment.

DirectionNeutral
Confidencehigh
Horizondays
Final — all horizons settled through T+60d
ELV ▲ +41.42% at T+60d
NEUTRAL call +41.42% · α vs SPY +30.12% · entry $284.72 → $402.66
Entry = T+0 close
Mar 4, 2026
via day close
T+1d
+1.10%
call +1.10% · α +2.42%
$287.87
settled 8mo ago
T+5d
+1.11%
call +1.11% · α +3.35%
$287.89
settled 8mo ago
T+20d
+5.62%
call +5.62% · α +9.41%
$300.74
settled 7mo ago
T+60d
+41.42%
call +41.42% · α +30.12%
$402.66
settled 5mo ago

Price Chart

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Executive Summary

An insider trading cluster at Elevance Health shows one open-market purchase and one sale by executives, both around $870K–$911K, alongside tax-related share withholdings by nine executives totaling $1.2M. The only open-market activity was a sale by the EVP & President, Commercial and a buy by a director, with the rest being non-cash tax withholdings.

Key Financial Metrics

Direction
mixed
Total Value
$1.8M
Insiders
11

Key Facts

  • EVP & President, Commercial (Kendrick Charles Morgan JR) sold 3,196 shares for $910,604 in an open-market transaction.
  • Director Collis Steven H purchased 3,000 shares for $869,520 in an open-market transaction.
  • Nine executives, including CEO Gail Boudreaux and CFO Mark Kaye, surrendered shares for tax withholding, totaling $1,279,509 in non-cash transactions.
  • Total open-market selling: $910,604; total open-market buying: $869,520.
  • Open-market transactions represent ~0.0014% of Elevance Health's $63.9B market cap — immaterial in scale.

Financial Impact

Net open-market selling of $41,084; tax withholdings totaled $1.28M in non-cash share reductions.

insider ownershipshare count

Risk Factors

  • Perception of executive selling could be misconstrued, though offset by director buying.
  • No material financial disclosure or catalyst tied to this cluster.

Market Snapshot

Exchange
NYSE

Investment Themes

Traditional Finance

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

DocumentAccession Number
CONTEXT: Insider Cluster Data (11 trades, 7d window)cluster-ELV-1773089139954
16 reports for ELV
Performance horizon
33% Hit rate @ T+1 1 of 3 directional calls Went positive at some point 2 of 3 best @ T+5▲ +3.93%Aug 27, 2026
Filters
Rows
Reports for ELV — sortable, filterable
TypeNow
Oct 22, 2026
4d ago
144
NEUTRAL ★ 2/10
$446.31awaiting T+1—$431.32 (−3.36%)
Oct 21, 2026
5d ago
8-K
BULLISH ★ 7/10
$434.13 $445.28▲ +2.57%▲ +3.75%$431.32 (−0.65%)
Oct 20, 2026
6d ago
Institutional Cluster
NEUTRAL ★ 3/10
$434.13 $445.28▲ +2.57%▲ +3.75%$431.32 (−0.65%)
Sep 10, 2026
6w ago
8-K
NEUTRAL ★ 3/10
$416.54 $418.72▲ +0.52%▼ −0.33%$431.32 (+3.55%)
Aug 27, 2026
8w ago
Institutional Cluster
BULLISH ★ 6/10
$399.11 $394.43▼ −1.17%▼ −0.95%$431.32 (+8.07%)
Aug 20, 2026
9w ago
Court Ruling
NEUTRAL ★ 2/10
$400.54 $402.63▲ +0.52%▲ +0.82%$431.32 (+7.68%)
Aug 17, 2026
10w ago
Court Ruling
NEUTRAL ★ 1/10
$396.54 $396.72▲ +0.05%▼ −0.16%$431.32 (+8.77%)
Jul 23, 2026
13w ago
GOVT-CONTRACT
NEUTRAL ★ 2/10
$376.04 $376.72▲ +0.18%▲ +0.16%$431.32 (+14.70%)
Jul 17, 2026
14w ago
Insider Cluster
NEUTRAL ★ 2/10
$373.11 $382.23▲ +2.44%▲ +2.61%$431.32 (+15.60%)
Jul 15, 2026
14w ago
8-K
MIXED ★ 6/10
$390.33 $372.85▼ −4.48%▼ −3.94%$431.32 (+10.50%)
Showing 10 of 16

US Market Status

Market Closed — Opens Tue (16h 41m)

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Report published Mar 9, 2026