Scott Fidel | FIERCE HEALTHCARE | Stephens

Who We Are

What We Do

We provide investment banking, research, sales and trading, asset and wealth management, public finance, insurance, private capital, and family office services.

About Us

We are a family-owned financial services firm that values client relationships, long-term stability, and supporting the communities where we live and work.

The Stephens Story

The idea of family defines our culture, because each of us knows that our reputation is on the line as if our own name was on the door.

Leadership

Our reputation as a leading independent financial services firm is built on the stability of our longstanding and highly experienced senior executives.

Impact Initiatives

We are committed to corporate philanthropy; economic and financial literacy advocacy; and diversity, equity, and inclusion initiatives.

Our Brand Ambassadors

Stephens is proud to sponsor the PGA TOUR, LPGA Tour, and PGA TOUR Champions careers, as well as applaud the philanthropic endeavors, of our Brand Ambassadors.

Making Connections

We host many highly informative meetings each year with clients, industry decision makers, and thought leaders across the U.S. and in Europe.

Our Businesses

Capital Management

We provide fiduciary investment strategies to public-and private-sector institutional clients through asset allocation, consulting, and retirement services.

Fixed Income Sales & Trading

Decades of proven performance and experience in providing tailored fixed income trading and underwriting services to major municipal and corporate issuers.

Institutional Equities and Research

Proven industry-leading research, global market insights, and client-focused execution.

Insurance

Customized risk management, property & casualty, executive strategies and employee benefits solutions that protect our clients over the long term.

Investment Banking

We assist companies with accessing capital through innovative advisory and execution services that help firms achieve their strategic goals.

Private Capital

We have been a trusted and reliable source of capital for private companies for over 70 years.

Private Wealth Management

Our experienced Private Client Group professionals develop customized investment strategies to help clients achieve their financial goals.

Public Finance

We are a trusted municipal advisor with proven expertise in public financings. We also work with clients in negotiated and competitive municipal underwritings.

Back to News
Institutional Equities and Research

How A Cigna-Humana Merger Could Overcome Antitrust Pushback | Fierce Healthcare

Dec 1, 2023

Investors were also not entirely surprised that Cigna could consider absorbing Humana, as the Medicare Advantage insurer has long been viewed as an acquisition target. When reports first emerged the Cigna was considering the sale of its MA business, analysts at Stephens predicted that it may look next to a Humana acquisition.

The Stephens analysts echoed Jones in saying that while a legal challenge from the Department of Justice was likely inevitable if a deal were announced, the merger has a chance of surviving that test.

"As we always like to say, there's never a dull moment in MCO-Land," Analyst Scott Fidel and Associate Raj Kumar wrote in an analyst note.

See All News
Institutional Equities and Research

Cigna Doubles Down On Growing Evernorth Health Services | Modern Healthcare

Institutional Equities and Research

Chipotle Shares Pop On Q4 Beat | CNBC

Institutional Equities and Research

US Shoppers Set To See Meat Prices Fall Thanks To Renewable Energy | New York Post