Elevance falls to over four-year low after annual profit forecast cut

** Shares of health insurer Elevance Health ELV.N fall 9.7% to over four- year low of $311.07

** Co trims annual profit forecast to about $30 per share, compared with a previous projection of $34.15 to $34.85; analysts on average were expecting $34.23, according to data compiled by LSEG.

** ELV reports Q2 adj. profit of $8.84 per share vs analyst est. of $8.95

** Co posts Q2 operating revenue of $49.4 billion, surpassing analysts' average estimate of $48.23 billion

** Reports Q2 medical loss ratio, which is the percentage of premium spent on medical care, of 88.9% vs estimates of 88.7%

** As of last close, ELV stock was down 6.6% YTD