The Manufacturers Life Insurance Company Trims Stock Holdings in GE Aerospace $GE

The Manufacturers Life Insurance Company lessened its holdings in shares of GE Aerospace (NYSE:GE) by 13.0% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 747,349 shares of the company’s stock after selling 112,025 shares during the quarter. The Manufacturers Life Insurance Company owned 0.07% of GE Aerospace worth $279,307,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of GE. Auto Owners Insurance Co boosted its stake in shares of GE Aerospace by 52,247.5% during the 4th quarter. Auto Owners Insurance Co now owns 65,721,281 shares of the company’s stock valued at $2,024,413,000 after buying an additional 65,595,733 shares during the last quarter. Norges Bank bought a new stake in shares of GE Aerospace in the fourth quarter worth $4,444,736,000. Amundi raised its holdings in GE Aerospace by 135.2% in the first quarter. Amundi now owns 6,119,975 shares of the company’s stock valued at $1,736,665,000 after acquiring an additional 3,518,278 shares in the last quarter. Jennison Associates LLC raised its holdings in GE Aerospace by 37.7% in the first quarter. Jennison Associates LLC now owns 11,026,006 shares of the company’s stock valued at $3,128,850,000 after acquiring an additional 3,017,937 shares in the last quarter. Finally, Corient Private Wealth LLC raised its holdings in GE Aerospace by 382.1% in the fourth quarter. Corient Private Wealth LLC now owns 2,757,281 shares of the company’s stock valued at $849,325,000 after acquiring an additional 2,185,321 shares in the last quarter. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at GE Aerospace

In related news, SVP Mohamed Ali sold 8,096 shares of the stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $353.71, for a total transaction of $2,863,636.16. Following the sale, the senior vice president owned 20,666 shares in the company, valued at $7,309,770.86. This represents a 28.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.19% of the stock is currently owned by corporate insiders.

GE Aerospace Stock Performance

Shares of GE opened at $341.92 on Tuesday. The business’s fifty day moving average price is $361.09 and its 200 day moving average price is $327.19. GE Aerospace has a 12-month low of $266.56 and a 12-month high of $388.84. The stock has a market capitalization of $354.76 billion, a PE ratio of 40.27, a price-to-earnings-growth ratio of 2.54 and a beta of 1.36. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.98 and a quick ratio of 0.67.

GE Aerospace (NYSE:GE) last released its quarterly earnings data on Thursday, July 16th. The company reported $2.02 EPS for the quarter, topping analysts’ consensus estimates of $1.86 by $0.16. GE Aerospace had a net margin of 17.72% and a return on equity of 40.56%. The firm had revenue of $12.63 billion during the quarter, compared to the consensus estimate of $11.87 billion. During the same quarter in the previous year, the company posted $1.66 earnings per share. The firm’s revenue was up 21.1% on a year-over-year basis. GE Aerospace has set its FY 2026 guidance at 7.650-7.850 EPS. Equities research analysts forecast that GE Aerospace will post 7.91 EPS for the current year.

GE Aerospace Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 27th. Investors of record on Monday, July 6th were given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, July 6th. GE Aerospace’s dividend payout ratio is currently 22.14%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on GE shares. The Goldman Sachs Group reissued a “buy” rating and set a $410.00 price objective on shares of GE Aerospace in a report on Monday, July 20th. Seaport Research Partners started coverage on shares of GE Aerospace in a research note on Tuesday, May 26th. They issued a “buy” rating and a $375.00 target price on the stock. UBS Group increased their price target on shares of GE Aerospace from $426.00 to $435.00 and gave the stock a “buy” rating in a research report on Friday, July 17th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $390.00 price target on shares of GE Aerospace in a research report on Monday, July 20th. Finally, Susquehanna reiterated a “positive” rating and issued a $430.00 price target (up from $380.00) on shares of GE Aerospace in a research note on Thursday, July 9th. Sixteen research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, GE Aerospace currently has a consensus rating of “Moderate Buy” and a consensus target price of $390.59.

About GE Aerospace

GE Aerospace (NYSE: GE) is the aerospace business of General Electric, focused on the design, manufacture and support of aircraft engines, integrated propulsion systems and related aftermarket services. The company serves commercial airlines, airframers, business and general aviation operators, and defense customers, providing propulsion solutions for a broad range of aircraft types from single‑aisle airliners to widebody and military platforms.

Its product portfolio includes a family of commercial and military jet engines as well as spare parts, components and systems engineering.