Cary Street Partners Financial Trims Elevance Health Stake

Institutional investor reduces position in health insurance company by over 45%

Feb. 28, 2026 at 8:58am

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Cary Street Partners Financial LLC has reduced its stake in Elevance Health, Inc. (NYSE:ELV) by 45.4% during the third quarter, according to a disclosure filed with the Securities and Exchange Commission. The institutional investor now owns 4,470 shares of the company's stock, down from 8,194 shares previously.

Why it matters

Elevance Health is one of the largest health insurance providers in the United States, and changes in institutional ownership can signal shifts in market sentiment around the company's performance and outlook.

The details

Cary Street Partners Financial sold 3,724 shares of Elevance Health stock during the third quarter, leaving the firm with a total of 4,470 shares valued at $1.44 million. The move comes as Elevance Health's stock price has fluctuated in recent months, with shares trading between $273.71 and $458.75 over the past 52 weeks.

  • Cary Street Partners Financial reduced its Elevance Health stake during the 3rd quarter of 2026.

The players

Cary Street Partners Financial LLC

An institutional investor that has reduced its position in Elevance Health, Inc.

Elevance Health, Inc.

A large U.S. health benefits company that provides a range of insurance products and services.

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The takeaway

This move by Cary Street Partners Financial suggests potential uncertainty around Elevance Health's near-term performance, though the company remains one of the dominant players in the health insurance industry.