Elevance Health, Cigna’s stocks gain

Shares of several health insurers rallied in trading on Friday after UnitedHealth Group Inc.
UNH,
-1.23%
reported better-than-expected profit and revenue in the fourth quarter of 2022. Elevance Health Inc.’s
ELV,
+1.24%
stock was up 2.6%, while shares of Cigna Corp.
CI,
+1.29%
gained 2.2%, and shares of CVS Health Corp.
CVS,
+0.83%,
which owns Aetna, were up 1.1%. (Elevance operates the Anthem Blue Cross and Blue Shield health plans.) UnitedHealth’s stock, the best performer among the Dow Jones Industrial Average’s components this morning, was up 2.4%.