American National Insurance Company Has Cut General Electric Co. (GE) Stake By $996,000; Abb Limited Zuerich (ABB) SI Decreased By 13.74%

February 15, 2018 - By Michae Young

Abb Limited Zuerich (NYSE:ABB) had a decrease of 13.74% in short interest. ABB’s SI was 4.04 million shares in February as released by FINRA. Its down 13.74% from 4.69 million shares previously. With 1.87M avg volume, 2 days are for Abb Limited Zuerich (NYSE:ABB)’s short sellers to cover ABB’s short positions. The SI to Abb Limited Zuerich’s float is 0.23%. The stock increased 2.45% or $0.61 during the last trading session, reaching $25.48. About 1.77M shares traded. ABB Ltd (NYSE:ABB) has risen 23.97% since February 15, 2017 and is uptrending. It has outperformed by 7.27% the S&P500.

American National Insurance Company decreased General Electric Co. (GE) stake by 4.73% reported in 2017Q3 SEC filing. American National Insurance Company sold 41,500 shares as General Electric Co. (GE)’s stock declined 7.64%. The American National Insurance Company holds 835,375 shares with $20.20 million value, down from 876,875 last quarter. General Electric Co. now has $128.69B valuation. The stock decreased 0.40% or $0.06 during the last trading session, reaching $14.84. About 40.67M shares traded. General Electric Company (NYSE:GE) has declined 4.46% since February 15, 2017 and is downtrending. It has underperformed by 21.16% the S&P500.

Among 28 analysts covering General Electric Company (NYSE:GE), 8 have Buy rating, 5 Sell and 15 Hold. Therefore 29% are positive. General Electric Company had 90 analyst reports since July 21, 2015 according to SRatingsIntel. The company was initiated on Tuesday, January 23 by UBS. The company was downgraded on Friday, July 21 by CFRA. The firm has “Market Perform” rating given on Tuesday, June 7 by Cowen & Co. The rating was maintained by Morgan Stanley with “Equal-Weight” on Tuesday, July 25. The company was downgraded on Tuesday, November 14 by RBC Capital Markets. The stock of General Electric Company (NYSE:GE) has “Sell” rating given on Friday, July 22 by Standpoint Research. The firm earned “Underweight” rating on Wednesday, November 1 by JP Morgan. William Blair upgraded General Electric Company (NYSE:GE) rating on Tuesday, October 13. William Blair has “Outperform” rating and $32 target. The company was maintained on Wednesday, October 11 by RBC Capital Markets. RBC Capital Markets maintained it with “Outperform” rating and $32 target in Monday, October 19 report.

Investors sentiment decreased to 0.69 in Q3 2017. Its down 0.10, from 0.79 in 2017Q2. It turned negative, as 112 investors sold GE shares while 818 reduced holdings. 118 funds opened positions while 525 raised stakes. 4.70 billion shares or 1.82% more from 4.61 billion shares in 2017Q2 were reported. The Florida-based Naples Global Advsrs Ltd Llc has invested 0.82% in General Electric Company (NYSE:GE). Matrix Asset Incorporated New York holds 1.4% or 351,532 shares in its portfolio. Beaumont Fincl Prns holds 82,120 shares or 0.25% of its portfolio. Crawford Inv Counsel holds 0.12% of its portfolio in General Electric Company (NYSE:GE) for 158,841 shares. Moreover, Glg Limited Co has 0.68% invested in General Electric Company (NYSE:GE). Counselors holds 0.76% or 642,240 shares in its portfolio. South Dakota-based Dorsey Whitney Trust Company Limited Liability Company has invested 1.44% in General Electric Company (NYSE:GE). Guggenheim Capital Limited Liability Co has 2.46M shares. New York-based Markston Ltd Liability has invested 0.2% in General Electric Company (NYSE:GE). Moreover, Private Harbour Inv Mgmt Counsel Limited Liability Corp has 1.7% invested in General Electric Company (NYSE:GE) for 84,036 shares. Fil Limited stated it has 1.02% of its portfolio in General Electric Company (NYSE:GE). The Tennessee-based Ftb Advsr has invested 0.35% in General Electric Company (NYSE:GE). Grace White Ny, New York-based fund reported 23,581 shares. Stock Yards Natl Bank Trust Co reported 0.58% of its portfolio in General Electric Company (NYSE:GE). The Ohio-based Meeder Asset Mgmt Incorporated has invested 0.01% in General Electric Company (NYSE:GE).

Since August 22, 2017, it had 2 insider buys, and 0 sales for $2.50 million activity. $43,446 worth of stock was bought by DIMITRIEF ALEXANDER on Friday, January 26. On Tuesday, August 22 the insider TISCH JAMES S bought $2.46M.

American National Insurance Company increased Vector Group Ltd (NYSE:VGR) stake by 58,373 shares to 76,073 valued at $1.56 million in 2017Q3. It also upped Icahn Enterprises Lp (NASDAQ:IEP) stake by 20,900 shares and now owns 32,525 shares. Prologis Trust (NYSE:PLD) was raised too.

ABB Ltd manufactures and sells electrification, robotics and motion, power grid, and industrial automation products for utilities, transportation, infrastructure, and industrial clients worldwide. The company has market cap of $51.79 billion. The firm provides modular substation packages, distribution automation products, circuit breakers, measuring and sensing devices, control products, wiring accessories, enclosures and cabling systems, low- and medium-voltage switchgears, switches, DIN rail components, and installation materials for building, data center, rail, wind and solar, food and beverage, marine, and gas and oil industries. It has a 24.81 P/E ratio. It also offers motors, generators, variable speed drives, robots and robotics, solar inverters, wind converters, rectifiers, and excitation systems, as well as power quality and protection solutions, electric vehicle fast charging infrastructure solutions, and components and subsystems for railways, and related services for discrete automation, process industries, transportation, and utilities.

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