Lockheed Martin Investment Management Company Holding in Stifel Financial (SF) Boosted by $472,000; Janney Montgomery Scott Position in Cigna (CI) Cut by $6.46 Million as Market Value Declined

June 14, 2018 - By Adrian Erickson

Stifel Financial Corp. (NYSE:SF) Logo

Lockheed Martin Investment Management Company increased its stake in Stifel Financial Corp (SF) by 19.32% based on its latest 2018Q1 regulatory filing with the SEC. Lockheed Martin Investment Management Company bought 8,000 shares as the company’s stock declined 6.28% with the market. The institutional investor held 49,400 shares of the investment bankers and brokers and service company at the end of 2018Q1, valued at $2.93M, up from 41,400 at the end of the previous reported quarter. Lockheed Martin Investment Management Company who had been investing in Stifel Financial Corp for a number of months, seems to be bullish on the $4.30B market cap company. The stock increased 0.49% or $0.29 during the last trading session, reaching $60.02. About 337,568 shares traded. Stifel Financial Corp. (NYSE:SF) has risen 40.05% since June 14, 2017 and is uptrending. It has outperformed by 27.48% the S&P500. Some Historical SF News: 22/05/2018 – Matthew Rohrmann Named Head of Investor Relations at AXIS Capital; 10/04/2018 – Eaton Partners Serves As Placement Agent For Copenhagen Infrastructure lll; 18/05/2018 – Contrary to Stifel representations, $AVAV whistleblower suit says illegal activity extends beyond drone incident to “ongoing” mishandling of top secret info and security violations; 08/05/2018 – MOVES-SVB Financial, UBS Wealth, BMO, Hermes Investment, Invesco; 16/03/2018 Eaton Partners Acts as Exclusive Placement Agent for Brightstar Capital Partners’ Inaugural Fund Program; 02/04/2018 – Eaton Partners Acts as Exclusive Placement Agent for Oversubscribed Five Point Capital Midstream Fund III; 23/04/2018 – KBW Announces Bank Honor Roll Award Winners; 10/04/2018 – Eaton Partners Serves As Placement Agent For Copenhagen Infrastructure III; 02/04/2018 – Eaton Partners Acts as Exclusive Placement Agent for Oversubscribed Five Point Capital Midstream Fund lll; 24/05/2018 – Eaton Partners Acted as Exclusive Placement Agent for DIF Management B.V

Janney Montgomery Scott Llc decreased its stake in Cigna Corp (CI) by 57.18% based on its latest 2018Q1 regulatory filing with the SEC. Janney Montgomery Scott Llc sold 38,703 shares as the company’s stock declined 10.20% with the market. The institutional investor held 28,985 shares of the medical specialities company at the end of 2018Q1, valued at $4.86 million, down from 67,688 at the end of the previous reported quarter. Janney Montgomery Scott Llc who had been investing in Cigna Corp for a number of months, seems to be less bullish one the $42.86 billion market cap company. The stock decreased 1.48% or $2.64 during the last trading session, reaching $176.18. About 3.73M shares traded or 64.56% up from the average. Cigna Corporation (NYSE:CI) has risen 8.82% since June 14, 2017 and is uptrending. It has underperformed by 3.75% the S&P500. Some Historical CI News: 08/03/2018 – CIGNA CEO SAYS `HIGHLY CONFIDENT’ DEAL GETS REGULATORY APPROVAL; 09/03/2018 – MOODY’S PLACES CIGNA’S RATINGS ON REVIEW FOR DOWNGRADE AFTER AN; 08/03/2018 – Correction to Cigna to Buy Express Scripts Story; 05/04/2018 – America’s Favorite TV Doctors of America Are Now On-Call; 08/03/2018 – Moody’s affirms CareCentrix’s B1 CFR, assigns B1 to the proposed credit facility and changes the outlook to negative; 08/03/2018 – FITCH PLACES CIGNA ON RATING WATCH NEGATIVE ON PURCHASE; 29/05/2018 – AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD ANZ.AX – AGREED TO SELL ONEPATH LIFE NZ LIMITED FOR NZ$700 MLN TO CIGNA CORPORATION; 16/05/2018 – CIGNA COMMENTS IN REGULATORY FILING ON EXPRESS SCRIPTS DEAL; 28/03/2018 – Cigna’s Partnership with Physicians Successfully Reduces Opioid Use by 25 Percent — One Year Ahead of Goal; 08/03/2018 – NCPA Statement on Cigna’s Bid to Acquire Express Scripts

Janney Montgomery Scott Llc, which manages about $15.70B and $9.94 billion US Long portfolio, upped its stake in Ishs Sp 500 Grw Idx Etf (IVW) by 4,927 shares to 181,087 shares, valued at $28.08M in 2018Q1, according to the filing. It also increased its holding in Cisco Systems Inc (NASDAQ:CSCO) by 65,608 shares in the quarter, for a total of 1.30 million shares, and has risen its stake in Fedex Corp (NYSE:FDX).

Since January 10, 2018, it had 0 buys, and 10 selling transactions for $17.43 million activity. Another trade for 229 shares valued at $37,890 was sold by ZOLLARS WILLIAM D. On Friday, May 25 the insider Agoglia Hoeltzel Mary T sold $176,187. MURABITO JOHN M had sold 28,037 shares worth $5.77 million on Wednesday, January 10. ZARCONE DONNA F sold 5,971 shares worth $1.29 million. HENNEY JANE E MD also sold $85,184 worth of Cigna Corporation (NYSE:CI) on Friday, January 12. Hocevar Christopher J sold $529,287 worth of Cigna Corporation (NYSE:CI) on Friday, March 2.

Analysts await Cigna Corporation (NYSE:CI) to report earnings on August, 3. They expect $3.56 earnings per share, up 22.34% or $0.65 from last year’s $2.91 per share. CI’s profit will be $866.03 million for 12.37 P/E if the $3.56 EPS becomes a reality. After $4.11 actual earnings per share reported by Cigna Corporation for the previous quarter, Wall Street now forecasts -13.38% negative EPS growth.

More notable recent Cigna Corporation (NYSE:CI) news were published by: 247Wallst.com which released: “Why The Huge AT&T Win May Bode Well For Other Takeover Targets” on June 13, 2018, also Benzinga.com with their article: “Cigna Set To Disrupt Commercial Risk Market, Goldman Sachs Says In Upgrade” published on June 06, 2018, Seekingalpha.com published: “The Bulls Are Listening – Cramer’s Mad Money (6/6/18)” on June 07, 2018. More interesting news about Cigna Corporation (NYSE:CI) were released by: Streetinsider.com and their article: “Oppenheimer Reiterates Outperform on Cigna Corp. (CI)” published on June 12, 2018 as well as Fool.com‘s news article titled: “3 Big Implications of the AT&T-Time Warner Decision” with publication date: June 13, 2018.

Investors sentiment decreased to 0.83 in Q1 2018. Its down 0.08, from 0.91 in 2017Q4. It turned negative, as 85 investors sold CI shares while 281 reduced holdings. 105 funds opened positions while 200 raised stakes. 206.15 million shares or 1.00% less from 208.24 million shares in 2017Q4 were reported. Hartford owns 46,135 shares. Fincl Bank Of The West reported 0.19% stake. Moreover, Smith Graham & Advisors Lp has 0.74% invested in Cigna Corporation (NYSE:CI) for 45,830 shares. California Employees Retirement owns 667,419 shares for 0.16% of their portfolio. Hall Laurie J Trustee holds 1.93% or 18,863 shares. Hbk Invs Limited Partnership holds 0.54% in Cigna Corporation (NYSE:CI) or 334,800 shares. Cqs Cayman Lp reported 3,500 shares or 0.03% of all its holdings. West Oak Cap Limited Liability Corp holds 0% of its portfolio in Cigna Corporation (NYSE:CI) for 60 shares. Cornercap Inv Counsel has 0.6% invested in Cigna Corporation (NYSE:CI) for 25,050 shares. Raymond James & Assocs invested in 0.04% or 130,963 shares. Geode Cap Ltd Liability Com stated it has 0.15% in Cigna Corporation (NYSE:CI). Northern Trust reported 0.13% stake. 600 are owned by Ckw Fincl. Janney Montgomery Scott Ltd Liability Corporation has invested 0.05% in Cigna Corporation (NYSE:CI). Cullen Frost Bankers stated it has 0.08% of its portfolio in Cigna Corporation (NYSE:CI).

Among 22 analysts covering CIGNA (NYSE:CI), 19 have Buy rating, 0 Sell and 3 Hold. Therefore 86% are positive. CIGNA had 67 analyst reports since July 27, 2015 according to SRatingsIntel. Morgan Stanley maintained Cigna Corporation (NYSE:CI) on Thursday, August 17 with “Overweight” rating. Morgan Stanley maintained Cigna Corporation (NYSE:CI) rating on Friday, November 3. Morgan Stanley has “Overweight” rating and $223 target. The stock has “Buy” rating by Jefferies on Tuesday, October 10. The rating was downgraded by Zacks on Wednesday, August 5 to “Buy”. The rating was maintained by Cowen & Co with “Buy” on Thursday, July 13. The firm has “Buy” rating by Jefferies given on Friday, January 12. The rating was maintained by Jefferies with “Buy” on Thursday, February 1. The stock of Cigna Corporation (NYSE:CI) earned “Buy” rating by Jefferies on Friday, January 8. The stock of Cigna Corporation (NYSE:CI) has “Buy” rating given on Thursday, October 12 by RBC Capital Markets. Jefferies maintained it with “Buy” rating and $22100 target in Monday, March 26 report.

Among 9 analysts covering Stifel Financial Corp. (NYSE:SF), 4 have Buy rating, 1 Sell and 4 Hold. Therefore 44% are positive. Stifel Financial Corp. had 23 analyst reports since August 12, 2015 according to SRatingsIntel. Zacks downgraded Stifel Financial Corp. (NYSE:SF) on Tuesday, September 1 to “Buy” rating. The stock of Stifel Financial Corp. (NYSE:SF) has “Buy” rating given on Wednesday, January 3 by Nomura. On Monday, January 8 the stock rating was upgraded by Goldman Sachs to “Buy”. As per Wednesday, January 31, the company rating was maintained by Nomura. The stock has “Hold” rating by Zacks on Tuesday, September 22. Goldman Sachs upgraded the shares of SF in report on Tuesday, January 12 to “Buy” rating. The stock has “Neutral” rating by Nomura on Tuesday, May 23. Wells Fargo upgraded it to “Buy” rating and $64.0 target in Friday, December 1 report. As per Wednesday, January 31, the company rating was maintained by Wells Fargo. On Monday, November 28 the stock rating was downgraded by Macquarie Research to “Neutral”.

Investors sentiment increased to 1.26 in 2018 Q1. Its up 0.08, from 1.18 in 2017Q4. It is positive, as 23 investors sold SF shares while 80 reduced holdings. 47 funds opened positions while 83 raised stakes. 61.07 million shares or 2.53% more from 59.56 million shares in 2017Q4 were reported. Jaffetilchin Ltd Com holds 3,843 shares or 0.05% of its portfolio. 761,700 were reported by Fmr Lc. Amer Interest Grp Inc accumulated 184,860 shares. Tower Rech Ltd Limited Liability Company (Trc) reported 0.03% of its portfolio in Stifel Financial Corp. (NYSE:SF). Sg Americas Securities Ltd holds 11,973 shares or 0.01% of its portfolio. Pennsylvania-based Vanguard Gru has invested 0.01% in Stifel Financial Corp. (NYSE:SF). Barrow Hanley Mewhinney Strauss Ltd Llc holds 111,533 shares. Employees Retirement Systems Of Texas has invested 0.03% in Stifel Financial Corp. (NYSE:SF). Amg National Fincl Bank has 22,296 shares. 344 were reported by Captrust Fincl Advisors. Martingale Asset Management Ltd Partnership holds 35,427 shares or 0.03% of its portfolio. Oregon Pub Employees Retirement Fund reported 0.02% of its portfolio in Stifel Financial Corp. (NYSE:SF). Element Capital Mngmt Ltd Co has invested 0.01% in Stifel Financial Corp. (NYSE:SF). Commercial Bank Of America De reported 345,102 shares. Schwab Charles Management invested in 437,213 shares or 0.02% of the stock.

Lockheed Martin Investment Management Company, which manages about $2.41B US Long portfolio, decreased its stake in Tesla Motors Inc. (NASDAQ:TSLA) by 3,500 shares to 2,000 shares, valued at $532,000 in 2018Q1, according to the filing. It also reduced its holding in Select Sector Spdr (XLY) by 10,000 shares in the quarter, leaving it with 1.12M shares, and cut its stake in Ishares Dj Us Real Estate (IYR).

More notable recent Stifel Financial Corp. (NYSE:SF) news were published by: Globenewswire.com which released: “Report: Developing Opportunities within Stifel Financial, Cenovus Energy, Brown & Brown, Dover, Affiliated Managers …” on May 31, 2018, also Themiddlemarket.com with their article: “M&A daily wrap: LLR Partners, Ray Dalio, John Doerr, Keith Hernandez, Nathalie Molina Niño, Corinthian Capital” published on June 13, 2018, Nasdaq.com published: “KBW Announces Index Rebalancing for Second-Quarter 2018” on June 09, 2018. More interesting news about Stifel Financial Corp. (NYSE:SF) were released by: Bizjournals.com and their article: “Stifel’s Kruszewski likes what he sees in US economy” published on June 13, 2018 as well as Globenewswire.com‘s news article titled: “WISeKey to Present at the Stifel 2018 Cross Sector Insight Conference on June 13th in Boston” with publication date: June 13, 2018.

Cigna Corporation (NYSE:CI) Institutional Positions Chart

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