12 Cheap Value Stocks to Buy Now According to Seth Klarman

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8. Elevance Health, Inc. (NYSE:ELV)

Baupost Group Stake Value: $107,000,000

Forward Price-to-Earnings: 9.92

Number of Hedge Fund Holders: 75

With a low price-to-earnings multiple and a significant presence in Seth Klarman’s investment portfolio, Elevance Health, Inc. (NYSE:ELV) earns a spot on our list of the 12 Cheap Value Stocks to Buy Now According to Seth Klarman.

On July 17, 2025, Elevance Health, Inc. (NYSE:ELV) released its Q2 2025 results. The company posted adjusted EPS of $8.84, slightly missing expectations of $8.91. Increased medical cost trends in ACA, along with slower Medicaid rate recovery softening margins. Yet, the higher premium yields and acquisitions resulted in a $49.4 billion revenue, an increase of 14% YoY. Meanwhile, the company’s operating cash flow reached $2.1 billion.

Declines in Medicaid and ACA enrollment resulted in a decrease in the Membership segment, taking it to 45.6 million. Looking ahead, Elevance Health, Inc. (NYSE:ELV) reduced its full-year EPS guidance to $30, driven by cost pressures. However, it reaffirmed its strategies to stabilize margins with disciplined pricing, AI-enabled care management, and Carelon’s expanding value-based and pharmacy services.

Despite the reduction in 2025 guidance, Mizuho maintained its ‘Buy’ rating on Elevance Health, Inc. (NYSE:ELV) with a $342 price target. The analyst’s optimism is driven by the company’s growth potential in Carelon and strong execution in Medicare Advantage.

Elevance Health, Inc. (NYSE:ELV) is a health insurance provider, offering integrated medical, pharmacy, and care delivery solutions. It is included in our list of cheap value stocks to buy.

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