Tokio Marine Asset Management Co. Ltd. Has $1.03 Million Holdings in GE HealthCare Technologies Inc. (NASDAQ:GEHC)

Tokio Marine Asset Management Co. Ltd. lifted its holdings in shares of GE HealthCare Technologies Inc. (NASDAQ:GEHC) by 4.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,119 shares of the company’s stock after purchasing an additional 559 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in GE HealthCare Technologies were worth $1,026,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of GEHC. LGT Financial Advisors LLC lifted its holdings in shares of GE HealthCare Technologies by 1,673.3% during the third quarter. LGT Financial Advisors LLC now owns 266 shares of the company’s stock worth $25,000 after purchasing an additional 251 shares during the period. Capital Performance Advisors LLP acquired a new position in GE HealthCare Technologies in the third quarter valued at $26,000. Ashton Thomas Securities LLC acquired a new position in GE HealthCare Technologies in the third quarter valued at $26,000. Darwin Wealth Management LLC acquired a new position in GE HealthCare Technologies in the third quarter valued at $31,000. Finally, Continuum Advisory LLC lifted its holdings in GE HealthCare Technologies by 101.8% in the third quarter. Continuum Advisory LLC now owns 333 shares of the company’s stock valued at $31,000 after buying an additional 168 shares during the period. Institutional investors and hedge funds own 82.06% of the company’s stock.

Insider Transactions at GE HealthCare Technologies

In other news, CEO Roland Rott sold 3,577 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $86.48, for a total transaction of $309,338.96. Following the completion of the sale, the chief executive officer now directly owns 24,298 shares of the company’s stock, valued at $2,101,291.04. The trade was a 12.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.27% of the stock is currently owned by insiders.

GE HealthCare Technologies Trading Down 0.9 %

NASDAQ:GEHC opened at $87.51 on Tuesday. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.23 and a quick ratio of 0.98. The firm has a 50-day moving average of $82.97 and a 200-day moving average of $85.09. The company has a market cap of $39.98 billion, a PE ratio of 24.04, a PEG ratio of 2.92 and a beta of 1.14. GE HealthCare Technologies Inc. has a one year low of $72.61 and a one year high of $94.55.

GE HealthCare Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Tuesday, January 14th will be given a dividend of $0.035 per share. The ex-dividend date is Tuesday, January 14th. This is an increase from GE HealthCare Technologies’s previous quarterly dividend of $0.03. This represents a $0.14 annualized dividend and a dividend yield of 0.16%. GE HealthCare Technologies’s payout ratio is presently 3.85%.

Analysts Set New Price Targets

GEHC has been the topic of several recent analyst reports. Wells Fargo & Company boosted their target price on shares of GE HealthCare Technologies from $95.00 to $96.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. Jefferies Financial Group upgraded shares of GE HealthCare Technologies from a “hold” rating to a “buy” rating and upped their price objective for the company from $95.00 to $103.00 in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $96.00.

GE HealthCare Technologies Profile

GE HealthCare Technologies Inc engages in the development, manufacture, and marketing of products, services, and complementary digital solutions used in the diagnosis, treatment, and monitoring of patients in the United States, Canada, and internationally. The company operates through four segments: Imaging, Ultrasound, Patient Care Solutions, and Pharmaceutical Diagnostics.