Alight, Inc. (NYSE:ALIT) Insider Sells $645,460.40 in Stock

Alight, Inc. (NYSE:ALIT) insider Gregory A. George sold 84,929 shares of Alight stock in a transaction on Friday, November 15th. The shares were sold at an average price of $7.60, for a total value of $645,460.40. Following the completion of the transaction, the insider now owns 223,327 shares of the company’s stock, valued at approximately $1,697,285.20. This trade represents a 27.55 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Alight Price Performance

NYSE:ALIT opened at $7.75 on Thursday. The firm has a market capitalization of $4.23 billion, a price-to-earnings ratio of -16.14 and a beta of 0.87. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.30 and a quick ratio of 1.30. The business has a 50 day simple moving average of $7.31 and a 200-day simple moving average of $7.37. Alight, Inc. has a 1 year low of $6.15 and a 1 year high of $10.38.

Alight (NYSE:ALIT) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $0.09 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.09. Alight had a negative net margin of 7.95% and a positive return on equity of 5.61%. The business had revenue of $555.00 million for the quarter, compared to analysts’ expectations of $538.39 million. During the same quarter in the previous year, the business posted $0.07 earnings per share. The business’s revenue was down .4% compared to the same quarter last year. Equities analysts forecast that Alight, Inc. will post 0.42 EPS for the current year.

Alight Dividend Announcement

The firm also recently declared a — dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a dividend of $0.04 per share. The ex-dividend date of this dividend is Monday, December 2nd.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Wedbush reduced their target price on Alight from $12.00 to $10.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. JPMorgan Chase & Co. lowered shares of Alight from an “overweight” rating to a “neutral” rating and set a $8.00 target price on the stock. in a report on Tuesday, August 20th. KeyCorp increased their target price on shares of Alight from $10.00 to $11.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. Needham & Company LLC upped their price target on shares of Alight from $9.00 to $11.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Finally, Citigroup dropped their price target on Alight from $12.00 to $11.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, Alight has a consensus rating of “Moderate Buy” and a consensus price target of $10.95.

Hedge Funds Weigh In On Alight

A number of large investors have recently bought and sold shares of the business. Sei Investments Co. boosted its stake in shares of Alight by 213.9% during the first quarter. Sei Investments Co. now owns 252,330 shares of the company’s stock valued at $2,486,000 after purchasing an additional 171,941 shares during the period. ProShare Advisors LLC lifted its holdings in Alight by 8.6% during the 1st quarter. ProShare Advisors LLC now owns 74,491 shares of the company’s stock valued at $734,000 after buying an additional 5,905 shares in the last quarter. Vanguard Group Inc. boosted its position in Alight by 8.1% in the 1st quarter. Vanguard Group Inc. now owns 38,041,368 shares of the company’s stock valued at $374,707,000 after buying an additional 2,842,454 shares during the period. Seven Eight Capital LP bought a new position in Alight in the 1st quarter worth about $894,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in Alight in the 1st quarter worth about $4,237,000. Hedge funds and other institutional investors own 96.74% of the company’s stock.

Alight Company Profile

Alight, Inc provides cloud-based integrated digital human capital and business solutions worldwide. The company operates through two segments, Employer Solutions and Professional Services. The Employer Solutions segment offers employee wellbeing, integrated benefits administration, healthcare navigation, financial wellbeing, leave of absence management, retiree healthcare and payroll; and operates AI-led capabilities software.