Bank of Nova Scotia Boosts Elevance Health Stake by 136%

The Canadian bank now owns over 70,000 shares of the healthcare company.

Mar. 17, 2026 at 7:34am

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Bank of Nova Scotia, a major Canadian financial institution, has significantly increased its stake in Elevance Health, Inc. (NYSE: ELV) by 136.4% during the third quarter of the year. The bank now owns 70,149 shares of the healthcare company, worth approximately $22.67 million.

Why it matters

Elevance Health is one of the largest health benefits companies in the United States, providing a wide range of insurance products and related services. The increase in Bank of Nova Scotia's stake suggests the bank sees long-term value in Elevance Health's business and growth potential.

The details

According to a recent SEC filing, Bank of Nova Scotia purchased an additional 40,471 shares of Elevance Health during the third quarter, bringing its total holdings to 70,149 shares. This represents a 136.4% increase in the bank's stake in the company.

  • The increase in Bank of Nova Scotia's stake in Elevance Health occurred during the third quarter of the year.

The players

Bank of Nova Scotia

A major Canadian financial institution that has significantly increased its stake in Elevance Health, Inc.

Elevance Health, Inc.

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

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The takeaway

The increase in Bank of Nova Scotia's stake in Elevance Health suggests the Canadian bank sees long-term growth potential in the healthcare company, which is one of the largest health benefits providers in the United States.