Cambridge Financial Group Inc. Has $6.84 Million Holdings in General Electric (NYSE:GE)

Cambridge Financial Group Inc. trimmed its holdings in General Electric (NYSE:GE) by 5.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 53,565 shares of the conglomerate’s stock after selling 3,290 shares during the period. General Electric comprises about 3.4% of Cambridge Financial Group Inc.’s investment portfolio, making the stock its 14th largest holding. Cambridge Financial Group Inc.’s holdings in General Electric were worth $6,837,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. SYM FINANCIAL Corp increased its position in shares of General Electric by 3.1% during the fourth quarter. SYM FINANCIAL Corp now owns 8,331 shares of the conglomerate’s stock worth $1,063,000 after acquiring an additional 249 shares in the last quarter. National Bank of Canada FI increased its holdings in General Electric by 21.5% during the 4th quarter. National Bank of Canada FI now owns 582,970 shares of the conglomerate’s stock worth $73,425,000 after purchasing an additional 103,337 shares in the last quarter. TCG Advisory Services LLC acquired a new stake in shares of General Electric in the 4th quarter valued at about $550,000. Forte Capital LLC ADV lifted its holdings in shares of General Electric by 2.1% in the fourth quarter. Forte Capital LLC ADV now owns 4,067 shares of the conglomerate’s stock valued at $519,000 after purchasing an additional 83 shares in the last quarter. Finally, AJOVista LLC bought a new stake in shares of General Electric in the fourth quarter valued at about $87,000. 74.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling at General Electric

In related news, SVP Michael J. Holston sold 22,055 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $144.87, for a total transaction of $3,195,107.85. Following the transaction, the senior vice president now directly owns 56,284 shares of the company’s stock, valued at $8,153,863.08. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.66% of the company’s stock.

General Electric Stock Performance

Shares of NYSE:GE traded up $1.47 on Friday, hitting $164.11. The company had a trading volume of 3,968,626 shares, compared to its average volume of 7,987,890. The stock has a market cap of $179.64 billion, a price-to-earnings ratio of 53.81, a P/E/G ratio of 2.92 and a beta of 1.25. The stock has a 50 day moving average price of $161.93 and a 200 day moving average price of $138.30. General Electric has a 1-year low of $77.93 and a 1-year high of $166.26. The company has a current ratio of 1.17, a quick ratio of 0.82 and a debt-to-equity ratio of 0.63.

General Electric (NYSE:GE) last announced its quarterly earnings results on Tuesday, April 23rd. The conglomerate reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.17. The business had revenue of $16.10 billion for the quarter, compared to analyst estimates of $15.25 billion. General Electric had a net margin of 5.05% and a return on equity of 12.54%. General Electric’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.27 EPS. Analysts expect that General Electric will post 3.96 EPS for the current year.

General Electric Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 25th. Investors of record on Monday, April 15th were paid a $0.28 dividend. The ex-dividend date was Friday, April 12th. This is an increase from General Electric’s previous quarterly dividend of $0.08. This represents a $1.12 annualized dividend and a yield of 0.68%. General Electric’s payout ratio is 36.72%.

Analyst Ratings Changes

Several research firms have commented on GE. Bank of America boosted their target price on General Electric from $165.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of General Electric from $210.00 to $190.00 and set a “buy” rating for the company in a report on Wednesday, April 3rd. StockNews.com started coverage on shares of General Electric in a research report on Monday, April 29th. They set a “hold” rating on the stock. JPMorgan Chase & Co. decreased their price objective on General Electric from $180.00 to $148.00 and set an “overweight” rating for the company in a report on Tuesday, April 2nd. Finally, Barclays dropped their target price on General Electric from $181.00 to $175.00 and set an “overweight” rating on the stock in a report on Wednesday, April 3rd. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $172.29.

General Electric Profile

General Electric Company, doing business as GE Aerospace, designs and produces commercial and defense aircraft engines, integrated engine components, electric power, and mechanical aircraft systems. It also offers aftermarket services to support its products. The company operates in the United States, Europe, China, Asia, the Americas, the Middle East, and Africa.