Cambridge Financial Group Inc. Makes New $6.15 Million Investment in General Electric (NYSE:GE)

Cambridge Financial Group Inc. purchased a new stake in shares of General Electric (NYSE:GE - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 36,840 shares of the conglomerate's stock, valued at approximately $6,145,000. General Electric comprises about 2.5% of Cambridge Financial Group Inc.'s investment portfolio, making the stock its 28th biggest holding.

Other hedge funds and other institutional investors have also modified their holdings of the company. New Age Alpha Advisors LLC lifted its holdings in General Electric by 133.3% in the fourth quarter. New Age Alpha Advisors LLC now owns 147 shares of the conglomerate's stock valued at $25,000 after buying an additional 84 shares during the period. Hager Investment Management Services LLC acquired a new position in shares of General Electric in the 4th quarter valued at $27,000. Sugar Maple Asset Management LLC bought a new position in shares of General Electric in the 4th quarter worth $29,000. CBIZ Investment Advisory Services LLC acquired a new stake in shares of General Electric during the fourth quarter worth $29,000. Finally, Picton Mahoney Asset Management increased its holdings in General Electric by 62.4% in the fourth quarter. Picton Mahoney Asset Management now owns 177 shares of the conglomerate's stock valued at $30,000 after purchasing an additional 68 shares during the last quarter. Institutional investors and hedge funds own 74.77% of the company's stock.

General Electric Price Performance

Shares of GE traded up $3.24 during trading hours on Tuesday, hitting $203.39. 1,411,661 shares of the company were exchanged, compared to its average volume of 5,482,203. The company has a market cap of $218.29 billion, a price-to-earnings ratio of 33.96, a P/E/G ratio of 2.59 and a beta of 1.19. The firm's fifty day moving average is $201.87 and its 200 day moving average is $186.85. General Electric has a fifty-two week low of $133.99 and a fifty-two week high of $214.21. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88.

General Electric (NYSE:GE - Get Free Report) last issued its quarterly earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share for the quarter, topping analysts' consensus estimates of $1.05 by $0.27. General Electric had a net margin of 14.31% and a return on equity of 22.19%. On average, equities analysts anticipate that General Electric will post 5.4 earnings per share for the current fiscal year.

General Electric Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 10th will be paid a dividend of $0.36 per share. This is an increase from General Electric's previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.44 annualized dividend and a yield of 0.71%. General Electric's payout ratio is presently 24.04%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on GE shares. Royal Bank of Canada restated an "outperform" rating and set a $200.00 target price on shares of General Electric in a research report on Wednesday, January 22nd. Citigroup upped their target price on shares of General Electric from $216.00 to $235.00 and gave the company a "buy" rating in a research note on Monday, January 27th. Bank of America boosted their price target on shares of General Electric from $200.00 to $225.00 and gave the company a "buy" rating in a report on Monday, January 27th. JPMorgan Chase & Co. lifted their target price on General Electric from $190.00 to $210.00 and gave the stock an "overweight" rating in a report on Friday, January 24th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on General Electric from $235.00 to $228.00 and set a "buy" rating on the stock in a research report on Thursday, January 2nd. Two investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $211.31.

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.