** Shares of health insurer Elevance ELV.N rise 2.8% to $420.92 in afternoon trade
** Company says current Wall Street expectations for Q1 profit is "about a $1.00 light" compared to its expectation, due to seasonality
** Analysts, on average, expect first-quarter profit of $10.62 per share, according to data compiled by LSEG
** Company says its Q1 medical loss ratio, the percentage of premiums spent on medical care, is expected to benefit from a favorable calendar, as there are lesser number of workdays compared to last year
** ELV sees no change to its full-year profit estimate of $34.15 to $34.85 per share
** Up to last close, stock down 18.6% in the past 12 months
(Reporting by Christy Santhosh)
((Christy.Santhosh@thomsonreuters.com))
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