General Electric Company (GE) Shares Plunge On Massive $6.2 Billion Insurance Charge

Andrew Cummings
January 16, 2018

The Vaughan David Investments Inc holds 213,604 shares with $20.43 million value, down from 856,489 last quarter. General Electric Co now has $156.05 billion valuation. The stock decreased 3.62% or $0.68 during the last trading session, reaching $18.08. About 87.08 million shares traded or 6.24% up from the average. It has underperformed by 21.16% the S&P500.

Smith Chas P & Associates Pa Cpas decreased Abbott Laboratories (ABT) stake by 40.62% reported in 2017Q3 SEC filing. The institutional investor owned 134,828 shares of the conglomerate's stock after purchasing an additional 35,220 shares during the quarter. Tokio Marine Asset Mgmt Communications Ltd reported 74,513 shares. The shares were acquired at an average price of $17.94 per share, for a total transaction of $986,700.00. Ross Stores, Inc. (NASDAQ:ROST) has risen 12.03% since January 16, 2017 and is uptrending. It has underperformed by 16.70% the S&P500. Finally, Argus dropped their price objective on shares of General Electric from $30.00 to $27.00 and set a "buy" rating on the stock in a report on Monday, September 18th. During the key period of last 5 years, Range Resources Corporation (NYSE:RRC) sales have annually surged 3.00% on average, however its earnings per share growth remained at -65.80%.

Susquehanna International Gp Inc Llp accumulated 8.12 million shares. It also reduced Aerojet Rocketdyne Hldgs Inc stake by 73,527 shares and now owns 928,455 shares. Allergan Plc was raised too.


Investors of record on Wednesday, December 27th will be given a $0.12 dividend. Its up 0.10, from 0.95 in 2017Q2. It dived, as 19 investors sold Portland General Electric Company shares while 78 reduced holdings.

General Electric Company shares fell $0.77 (-4.10%) in premarket trading Tuesday. S&P Research maintained General Electric Company (NYSE:GE) on Monday, August 17 with "Buy" rating. Patten Group Inc has invested 0.33% of its portfolio in General Electric Company (NYSE:GE). Shikiar Asset Management reported 2.96% stake. Moreover, Fiduciary Co has 1.23% invested in General Electric Company (NYSE:GE) for 1.66M shares. Tirschwell & Loewy Inc owns 165,955 shares or 2.39% of their USA portfolio. POR is down around 0.49% from its 12-month high of $42.41 notched on Jan 12, 2018 but is 22.38% above its highest point the past 12 months of $33.08 a share. Washington Comml Bank accumulated 247,680 shares. Avalon Ltd Liability has invested 1.13% in General Electric Company (NYSE:GE). Personal Cap Advisors has 1.06M shares. Therefore 63% are positive. Portland General Electric had 15 analyst reports since July 28, 2015 according to SRatingsIntel. Vetr downgraded shares of General Electric from a "strong-buy" rating to a "buy" rating and set a $21.08 price objective on the stock.in a report on Wednesday, January 10th. New York-based Neuberger Berman Gp Llc has invested 0.07% in General Electric Company (NYSE:GE). Stifel Nicolaus maintained the shares of QADA in report on Wednesday, November 22 with "Buy" rating.

TRADEMARK VIOLATION NOTICE: "Vicus Capital Has $3.26 Million Stake in General Electric (GE)" was reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. William Blair has "Outperform" rating and $32 target. The firm has "Buy" rating given on Monday, September 25 by J.P. Morgan. The firm has "Market Perform" rating by Cowen & Co given on Tuesday, June 7. Following last close company's stock, is -9.91% below their SMA 50 and -13.59% below the 52-week high.


Since August 8, 2017, it had 2 insider buys, and 1 insider sale for $4.48 million activity. RBC Capital Markets maintained the shares of GE in report on Monday, July 10 with "Buy" rating. Institutional investors and hedge funds own 55.64% of the company's stock. California Public Employees Retirement System increased its stake in shares of Portland General Electric by 7.6% during the third quarter. Archford Strategies Ltd Liability Corp, Illinois-based fund reported 37,735 shares. Psagot Invest House Limited reported 4,200 shares or 0.01% of all its holdings. Hahn Mngmt Limited holds 3.7% or 579,082 shares. When it comes to research, investors have several tools available to them to make it easy. Raab & Moskowitz Asset Management Limited Liability Co stated it has 0.57% in Abbott Laboratories (NYSE:ABT). Heartland Advsr holds 192,136 shares or 0.57% of its portfolio. 345,954 were reported by Chesley Taft Assoc Lc. TISCH JAMES S bought 100,000 shares worth $2.46M. Sei Invests Com holds 0% or 418 shares. First United Bancshares reported 8,836 shares. Trust Of Toledo Na Oh invested in 1.12% or 82,272 shares.

Analysts await Kirby Corporation (NYSE:KEX) to report earnings on February, 7. They expect $1.94 EPS, up 25.97% or $0.40 from last year's $1.54 per share. KEX's profit will be $30.44M for 36.72 P/E if the $0.51 EPS becomes a reality. $1.96 million worth of Amazon.com, Inc. The charge announced Tuesday is related primarily to long-term care policies written by other insurance companies and reinsured by GE Capital's North American life and health insurance unit. The firm has "Underperform" rating given on Tuesday, January 2 by Keefe Bruyette & Woods.


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