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Prospector Partners Cut Aflac (AFL) Position by $374,100; As General Elec Co (GE) Valuation Declined, Shareholder Eastern Bank Has Decreased by $10.80 Million Its Holding

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Eastern Bank decreased its stake in General Elec Co (GE) by 75.13% based on its latest 2017Q4 regulatory filing with the SEC. Eastern Bank sold 635,216 shares as the company’s stock declined 23.20% with the market. The institutional investor held 210,237 shares of the consumer electronics and appliances company at the end of 2017Q4, valued at $3.67 million, down from 845,453 at the end of the previous reported quarter. Eastern Bank who had been investing in General Elec Co for a number of months, seems to be less bullish one the $127.76 billion market cap company. It closed at $14.71 lastly. It is down 54.35% since May 16, 2017 and is downtrending. It has underperformed by 65.90% the S&P500.

Prospector Partners Llc decreased its stake in Aflac Inc (AFL) by 3.31% based on its latest 2017Q4 regulatory filing with the SEC. Prospector Partners Llc sold 4,300 shares as the company’s stock declined 0.29% with the market. The institutional investor held 125,600 shares of the accident &health insurance company at the end of 2017Q4, valued at $11.03 million, down from 129,900 at the end of the previous reported quarter. Prospector Partners Llc who had been investing in Aflac Inc for a number of months, seems to be less bullish one the $34.92B market cap company. The stock decreased 0.31% or $0.14 during the last trading session, reaching $45.1. About 2.83M shares traded. Aflac Incorporated (NYSE:AFL) has risen 21.05% since May 16, 2017 and is uptrending. It has outperformed by 9.50% the S&P500.

Since February 16, 2018, it had 2 buys, and 4 insider sales for $2.81 million activity. Another trade for 10,000 shares valued at $437,155 was made by KNAPP CHARLES B on Monday, March 26. $49,022 worth of stock was bought by MOSKOWITZ JOSEPH L on Tuesday, February 20. The insider HOWARD JUNE P sold $239,194. Shares for $117,123 were sold by TILLMAN AUDREY B on Wednesday, February 28. The insider Lloyd Karole bought 2,000 shares worth $178,090.

Analysts await Aflac Incorporated (NYSE:AFL) to report earnings on July, 26. They expect $0.99 earnings per share, up 7.61% or $0.07 from last year’s $0.92 per share. AFL’s profit will be $766.43 million for 11.39 P/E if the $0.99 EPS becomes a reality. After $1.05 actual earnings per share reported by Aflac Incorporated for the previous quarter, Wall Street now forecasts -5.71% negative EPS growth.

Another recent and important Aflac Incorporated (NYSE:AFL) news was published by Fool.com which published an article titled: “2 Stocks to Add International Exposure to Your Portfolio” on May 15, 2018.

Among 22 analysts covering Aflac Incorporated (NYSE:AFL), 5 have Buy rating, 2 Sell and 15 Hold. Therefore 23% are positive. Aflac Incorporated had 60 analyst reports since August 12, 2015 according to SRatingsIntel. The firm earned “Sell” rating on Monday, July 31 by RBC Capital Markets. The firm has “Overweight” rating given on Tuesday, March 27 by JP Morgan. The stock of Aflac Incorporated (NYSE:AFL) earned “Sell” rating by RBC Capital Markets on Monday, October 9. As per Monday, May 23, the company rating was downgraded by Sandler O’Neill. SunTrust maintained it with “Hold” rating and $85.0 target in Thursday, October 26 report. As per Wednesday, March 21, the company rating was maintained by Barclays Capital. Wood upgraded Aflac Incorporated (NYSE:AFL) on Thursday, August 27 to “Market Perform” rating. SunTrust maintained it with “Hold” rating and $92.0 target in Thursday, February 1 report. Credit Suisse initiated the stock with “Underperform” rating in Friday, October 7 report. On Monday, July 10 the stock rating was maintained by RBC Capital Markets with “Sell”.

Investors sentiment increased to 1.06 in 2017 Q4. Its up 0.17, from 0.89 in 2017Q3. It is positive, as 41 investors sold AFL shares while 286 reduced holdings. 95 funds opened positions while 250 raised stakes. 256.45 million shares or 2.31% more from 250.65 million shares in 2017Q3 were reported. Paragon Management holds 0.13% or 3,823 shares. Matrix Asset Advisors Inc owns 3,295 shares. California State Teachers Retirement System invested in 0.14% or 751,567 shares. Quantres Asset Management Ltd, Cayman Islands-based fund reported 2,500 shares. Thompson Davis And stated it has 125 shares. Palladium Prtn Ltd Llc owns 33,355 shares for 0.21% of their portfolio. Omers Administration holds 75,711 shares or 0.07% of its portfolio. Beese Fulmer Inv Management holds 2,729 shares. Rdl Financial accumulated 26,369 shares. Raymond James Ser holds 0.08% of its portfolio in Aflac Incorporated (NYSE:AFL) for 154,386 shares. Td Asset Mngmt owns 379,703 shares for 0.05% of their portfolio. Kistler stated it has 10,285 shares. Ajo LP holds 1.21M shares or 0.46% of its portfolio. Hexavest Inc invested in 2,400 shares or 0% of the stock. Toth Advisory Corporation owns 54,344 shares for 1.13% of their portfolio.

Prospector Partners Llc, which manages about $2.43 billion and $685.97 million US Long portfolio, upped its stake in Patterson Companies Inc (NASDAQ:PDCO) by 28,800 shares to 263,000 shares, valued at $9.50M in 2017Q4, according to the filing. It also increased its holding in White Mtns Ins Group Ltd (NYSE:WTM) by 1,705 shares in the quarter, for a total of 10,605 shares, and has risen its stake in Renaissancere Holdings Ltd (NYSE:RNR).

Analysts await General Electric Company (NYSE:GE) to report earnings on July, 20. They expect $0.18 earnings per share, down 35.71% or $0.10 from last year’s $0.28 per share. GE’s profit will be $1.56B for 20.43 P/E if the $0.18 EPS becomes a reality. After $0.16 actual earnings per share reported by General Electric Company for the previous quarter, Wall Street now forecasts 12.50% EPS growth.

Eastern Bank, which manages about $1.49B US Long portfolio, upped its stake in Dowdupont Inc. by 82,696 shares to 277,938 shares, valued at $19.80 million in 2017Q4, according to the filing. It also increased its holding in Eaton Corp Plc (NYSE:ETN) by 144,769 shares in the quarter, for a total of 193,026 shares, and has risen its stake in Time Warner Inc (NYSE:TWX).

Among 29 analysts covering General Electric Company (NYSE:GE), 9 have Buy rating, 6 Sell and 14 Hold. Therefore 31% are positive. General Electric Company had 102 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of General Electric Company (NYSE:GE) has “Hold” rating given on Monday, June 12 by Cowen & Co. Oppenheimer downgraded General Electric Company (NYSE:GE) on Monday, September 21 to “Perform” rating. The firm earned “Equal-Weight” rating on Tuesday, July 25 by Morgan Stanley. The stock of General Electric Company (NYSE:GE) earned “Sell” rating by DZ Bank on Wednesday, March 28. The stock of General Electric Company (NYSE:GE) has “Buy” rating given on Monday, July 10 by RBC Capital Markets. The stock of General Electric Company (NYSE:GE) earned “Hold” rating by Stifel Nicolaus on Tuesday, January 30. The rating was maintained by Cowen & Co on Thursday, October 19 with “Hold”. Stifel Nicolaus maintained the stock with “Buy” rating in Monday, October 19 report. Bank of America downgraded General Electric Company (NYSE:GE) on Monday, January 22 to “Hold” rating. The company was maintained on Monday, November 30 by RBC Capital Markets.

More notable recent General Electric Company (NYSE:GE) news were published by: Seekingalpha.com which released: “General Electric: Down 77% And Still Overpriced” on April 18, 2018, also 247Wallst.com with their article: “What to Expect When GE Reports Friday” published on April 19, 2018, Seekingalpha.com published: “General Electric: Finally, It’s Over” on April 23, 2018. More interesting news about General Electric Company (NYSE:GE) were released by: Marketwatch.com and their article: “GE’s stock survived the battle of the ‘breakaway gap,’ and that may have won bulls the war” published on May 11, 2018 as well as Seekingalpha.com‘s news article titled: “GE: The Turnaround Strengthens” with publication date: April 23, 2018.

Since January 26, 2018, it had 1 insider purchase, and 0 sales for $43,446 activity.

General Electric Company (NYSE:GE) Institutional Positions Chart

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