Zurich Insurance Group Ltd FI Purchases 9,207 Shares of General Motors (NYSE:GM)

Zurich Insurance Group Ltd FI grew its holdings in shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U by 15.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 69,007 shares of the auto manufacturer's stock after purchasing an additional 9,207 shares during the quarter. Zurich Insurance Group Ltd FI's holdings in General Motors were worth $3,676,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Trust Point Inc. increased its holdings in General Motors by 2.7% in the 4th quarter. Trust Point Inc. now owns 7,241 shares of the auto manufacturer's stock worth $386,000 after acquiring an additional 193 shares in the last quarter. Holistic Planning LLC increased its holdings in General Motors by 3.9% in the 4th quarter. Holistic Planning LLC now owns 5,759 shares of the auto manufacturer's stock worth $307,000 after acquiring an additional 214 shares in the last quarter. Nemes Rush Group LLC increased its holdings in General Motors by 18.7% in the 4th quarter. Nemes Rush Group LLC now owns 1,379 shares of the auto manufacturer's stock worth $73,000 after acquiring an additional 217 shares in the last quarter. Operose Advisors LLC grew its holdings in General Motors by 18.7% during the 4th quarter. Operose Advisors LLC now owns 1,413 shares of the auto manufacturer's stock valued at $75,000 after buying an additional 223 shares in the last quarter. Finally, Bessemer Group Inc. grew its holdings in General Motors by 0.4% during the 4th quarter. Bessemer Group Inc. now owns 53,619 shares of the auto manufacturer's stock valued at $2,856,000 after buying an additional 226 shares in the last quarter. Hedge funds and other institutional investors own 92.67% of the company's stock.

Analyst Ratings Changes

GM has been the subject of a number of research analyst reports. UBS Group cut their price objective on shares of General Motors from $51.00 to $50.00 and set a "neutral" rating for the company in a report on Friday, May 2nd. Citigroup initiated coverage on shares of General Motors in a report on Wednesday, April 23rd. They set a "buy" rating and a $62.00 price objective for the company. Mizuho increased their price objective on shares of General Motors from $53.00 to $58.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Deutsche Bank Aktiengesellschaft lowered shares of General Motors from a "buy" rating to a "hold" rating and set a $43.00 price objective for the company. in a report on Monday, April 14th. Finally, Cowen initiated coverage on shares of General Motors in a report on Thursday, March 6th. They set a "buy" rating for the company. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $54.56.

General Motors Trading Down 1.1%

GM traded down $0.56 during trading on Friday, reaching $48.72. The company had a trading volume of 5,611,341 shares, compared to its average volume of 13,319,207. The stock has a market cap of $46.84 billion, a P/E ratio of 7.92, a PEG ratio of 0.67 and a beta of 1.36. The business has a 50 day simple moving average of $46.98 and a 200-day simple moving average of $49.94. General Motors has a 52 week low of $38.96 and a 52 week high of $61.24. The company has a quick ratio of 0.98, a current ratio of 1.13 and a debt-to-equity ratio of 1.38.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last issued its quarterly earnings results on Tuesday, April 29th. The auto manufacturer reported $2.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.63 by $0.15. The company had revenue of $44.02 billion during the quarter, compared to the consensus estimate of $42.64 billion. General Motors had a return on equity of 15.29% and a net margin of 3.21%. General Motors's revenue was up 2.3% on a year-over-year basis. During the same period last year, the company earned $2.62 earnings per share. On average, equities analysts anticipate that General Motors will post 11.44 EPS for the current fiscal year.

General Motors announced that its board has authorized a stock repurchase program on Wednesday, February 26th that allows the company to buyback $6.00 billion in shares. This buyback authorization allows the auto manufacturer to purchase up to 12.5% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management believes its shares are undervalued.

General Motors Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 19th. Stockholders of record on Friday, June 6th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.23%. This is an increase from General Motors's previous quarterly dividend of $0.12. The ex-dividend date is Friday, June 6th. General Motors's dividend payout ratio (DPR) is 8.65%.

General Motors Profile

General Motors Company designs, builds, and sells trucks, crossovers, cars, and automobile parts; and provide software-enabled services and subscriptions worldwide. The company operates through GM North America, GM International, Cruise, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Baojun, and Wuling brand names.