F&V Capital Management Decreased Its Bank Amer (BAC) Position by $5.22 Million as Stock Value Declined; Clarivest Asset Management Raised Its Position in Cigna (CI) by $317,900

February 19, 2018 - By Hazel Jackson

Clarivest Asset Management Llc increased its stake in Cigna Corporation (CI) by 2328.77% based on its latest 2017Q3 regulatory filing with the SEC. Clarivest Asset Management Llc bought 1,700 shares as the company’s stock rose 11.09% with the market. The institutional investor held 1,773 shares of the medical specialities company at the end of 2017Q3, valued at $332,000, up from 73 at the end of the previous reported quarter. Clarivest Asset Management Llc who had been investing in Cigna Corporation for a number of months, seems to be bullish on the $47.28B market cap company. The stock increased 0.97% or $1.87 during the last trading session, reaching $193.81. About 1.02M shares traded. Cigna Corporation (NYSE:CI) has risen 23.57% since February 19, 2017 and is uptrending. It has outperformed by 6.87% the S&P500.

F&V Capital Management Llc decreased its stake in Bank Amer Corp (BAC) by 90.32% based on its latest 2017Q3 regulatory filing with the SEC. F&V Capital Management Llc sold 208,730 shares as the company’s stock declined 6.00% while stock markets rallied. The institutional investor held 22,370 shares of the major banks company at the end of 2017Q3, valued at $567,000, down from 231,100 at the end of the previous reported quarter. F&V Capital Management Llc who had been investing in Bank Amer Corp for a number of months, seems to be less bullish one the $328.89 billion market cap company. The stock decreased 0.75% or $0.24 during the last trading session, reaching $31.97. About 62.14 million shares traded. Bank of America Corporation (NYSE:BAC) has risen 58.64% since February 19, 2017 and is uptrending. It has outperformed by 41.94% the S&P500.

Among 33 analysts covering Bank of America (NYSE:BAC), 22 have Buy rating, 0 Sell and 11 Hold. Therefore 67% are positive. Bank of America had 106 analyst reports since July 21, 2015 according to SRatingsIntel. As per Wednesday, July 13, the company rating was initiated by Berenberg. The stock of Bank of America Corporation (NYSE:BAC) earned “Overweight” rating by Morgan Stanley on Friday, February 2. As per Tuesday, October 31, the company rating was maintained by Robert W. Baird. Jefferies maintained Bank of America Corporation (NYSE:BAC) on Wednesday, October 7 with “Buy” rating. Societe Generale downgraded it to “Hold” rating and $33.0 target in Tuesday, January 9 report. BMO Capital Markets maintained the stock with “Hold” rating in Friday, October 13 report. BMO Capital Markets maintained the shares of BAC in report on Monday, October 16 with “Market Perform” rating. The stock of Bank of America Corporation (NYSE:BAC) has “Buy” rating given on Wednesday, December 6 by RBC Capital Markets. The firm has “Buy” rating given on Tuesday, September 1 by Bernstein. The rating was maintained by Sandler O’Neill with “Buy” on Tuesday, January 9.

Investors sentiment decreased to 1.04 in Q3 2017. Its down 0.08, from 1.12 in 2017Q2. It fall, as 68 investors sold BAC shares while 569 reduced holdings. 117 funds opened positions while 547 raised stakes. 6.91 billion shares or 9.01% more from 6.34 billion shares in 2017Q2 were reported. Stephens Ar reported 0.83% in Bank of America Corporation (NYSE:BAC). F&V Mgmt Ltd Limited Liability Company holds 0.33% in Bank of America Corporation (NYSE:BAC) or 22,370 shares. Bloom Tree Partners Lc accumulated 1.69 million shares. Addison holds 0.68% or 30,453 shares in its portfolio. Jpmorgan Chase & holds 182.13M shares. Webster Commercial Bank N A reported 200,193 shares. Chickasaw Capital Mgmt Limited invested in 0% or 7,922 shares. Wealth Enhancement Advisory Services reported 38,888 shares or 0.08% of all its holdings. Ferguson Wellman Capital Inc has 0.02% invested in Bank of America Corporation (NYSE:BAC). Deroy & Devereaux Private Inv Counsel has 18,821 shares for 0.05% of their portfolio. Moreover, Assetmark has 0.14% invested in Bank of America Corporation (NYSE:BAC). Marshwinds Advisory Company accumulated 39,459 shares. Moody Bancshares Trust Division holds 0.06% or 50,158 shares in its portfolio. Moreover, Atria Invs Limited Liability Company has 0.17% invested in Bank of America Corporation (NYSE:BAC) for 121,142 shares. Eulav Asset Management reported 0.71% stake.

Since September 12, 2017, it had 0 insider purchases, and 8 selling transactions for $8.84 million activity. $43,604 worth of Cigna Corporation (NYSE:CI) was sold by ZOLLARS WILLIAM D. $1.34M worth of Cigna Corporation (NYSE:CI) was sold by MURABITO JOHN M on Thursday, January 18. $1.29 million worth of stock was sold by ZARCONE DONNA F on Tuesday, January 16. $85,184 worth of Cigna Corporation (NYSE:CI) shares were sold by HENNEY JANE E MD.

Clarivest Asset Management Llc, which manages about $3.41 billion and $4.49B US Long portfolio, decreased its stake in Lear Corp (NYSE:LEA) by 12,083 shares to 278,028 shares, valued at $48.12M in 2017Q3, according to the filing. It also reduced its holding in Zions Bancorporation (NASDAQ:ZION) by 12,417 shares in the quarter, leaving it with 287,673 shares, and cut its stake in Applied Matls Inc (NASDAQ:AMAT).

Investors sentiment is 0.96 in 2017 Q3. Its the same as in 2017Q2. It is flat, as 47 investors sold CI shares while 249 reduced holdings. only 72 funds opened positions while 212 raised stakes. 206.32 million shares or 5.35% less from 217.98 million shares in 2017Q2 were reported. The New York-based Hutchin Hill Cap Limited Partnership has invested 0.03% in Cigna Corporation (NYSE:CI). Evercore Wealth Ltd reported 474 shares. Landscape Ltd Llc invested 0.02% of its portfolio in Cigna Corporation (NYSE:CI). Chicago Equity Ptnrs Limited Liability Corp stated it has 2,390 shares. First Foundation Advsrs holds 2,196 shares or 0.02% of its portfolio. Waddell Reed Fincl reported 933,351 shares stake. Citadel Advsrs Limited Co invested 0% of its portfolio in Cigna Corporation (NYSE:CI). Ahl Llp holds 0.18% or 54,866 shares. Bnp Paribas Asset Mngmt Hldgs owns 32,907 shares. Partner Invest Mngmt Lp invested 1.68% in Cigna Corporation (NYSE:CI). Tokio Marine Asset Management Com Ltd accumulated 2,236 shares or 0.06% of the stock. Thrivent For Lutherans owns 461,897 shares for 0.31% of their portfolio. Bluecrest Cap Mngmt Ltd holds 0.3% in Cigna Corporation (NYSE:CI) or 39,128 shares. Arizona State Retirement Systems holds 0.24% of its portfolio in Cigna Corporation (NYSE:CI) for 105,610 shares. Johnson Counsel Incorporated invested in 2,680 shares.

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