Shares of several health insurers rallied in trading on Friday after UnitedHealth Group Inc. UNH reported better-than-expected profit and revenue in the fourth quarter of 2022. Elevance Health Inc.’s ELV stock was up 2.6%, while shares of Cigna Corp. CI gained 2.2%, and shares of CVS Health Corp. CVS, 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%.
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