Securian Asset Management Inc. Sells 235 Shares of Hyatt Hotels Co. (NYSE:H)

Securian Asset Management Inc. lessened its holdings in Hyatt Hotels Co. (NYSE:H) by 6.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,197 shares of the company’s stock after selling 235 shares during the quarter. Securian Asset Management Inc.’s holdings in Hyatt Hotels were worth $502,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the business. Wealthfront Advisers LLC bought a new position in Hyatt Hotels in the 4th quarter valued at $8,269,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Hyatt Hotels by 2.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 39,460 shares of the company’s stock valued at $6,194,000 after acquiring an additional 827 shares during the last quarter. OFI Invest Asset Management bought a new position in Hyatt Hotels in the 4th quarter valued at $4,502,000. Andra AP fonden grew its position in Hyatt Hotels by 428.6% in the 4th quarter. Andra AP fonden now owns 39,700 shares of the company’s stock valued at $6,232,000 after acquiring an additional 32,189 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Hyatt Hotels during the 4th quarter worth $77,136,000. Institutional investors own 73.54% of the company’s stock.

Hyatt Hotels Trading Up 3.6 %

Hyatt Hotels stock opened at $126.59 on Tuesday. The stock has a 50-day moving average of $147.74 and a two-hundred day moving average of $151.78. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.83 and a current ratio of 0.83. Hyatt Hotels Co. has a one year low of $119.30 and a one year high of $168.20. The stock has a market cap of $12.17 billion, a PE ratio of 10.18 and a beta of 1.51.

Hyatt Hotels (NYSE:H) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.22). Hyatt Hotels had a return on equity of 9.81% and a net margin of 19.50%. The firm had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.63 billion. During the same quarter in the previous year, the business earned $0.64 earnings per share. On average, research analysts anticipate that Hyatt Hotels Co. will post 3.05 EPS for the current fiscal year.

Hyatt Hotels Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Friday, February 28th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.47%. The ex-dividend date of this dividend was Friday, February 28th. Hyatt Hotels’s payout ratio is 4.82%.

Wall Street Analyst Weigh In

H has been the topic of a number of recent research reports. Truist Financial increased their price target on Hyatt Hotels from $158.00 to $163.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Robert W. Baird dropped their price target on Hyatt Hotels from $158.00 to $156.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 19th. Stifel Nicolaus increased their price target on Hyatt Hotels from $145.50 to $157.50 and gave the stock a “hold” rating in a research report on Tuesday, November 26th. Wells Fargo & Company dropped their price target on Hyatt Hotels from $172.00 to $170.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 4th. Finally, Macquarie dropped their price target on Hyatt Hotels from $172.00 to $165.00 and set an “outperform” rating on the stock in a research report on Friday, February 14th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $162.24.

Insider Transactions at Hyatt Hotels

In related news, Director Susan D. Kronick sold 1,600 shares of Hyatt Hotels stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $141.78, for a total transaction of $226,848.00. Following the completion of the transaction, the director now directly owns 37,927 shares in the company, valued at approximately $5,377,290.06. This trade represents a 4.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 23.50% of the company’s stock.

Hyatt Hotels Profile

Hyatt Hotels Corporation operates as a hospitality company in the United States and internationally. It operates through Owned and Leased Hotels, Americas Management and Franchising, ASPAC Management and Franchising, EAME Management and Franchising, and Apple Leisure Group segments. The company manages, franchises, licenses, owns, and leases portfolio of properties, consisting of full-service hotels and resorts, select service hotels, and other properties, including timeshare, fractional, residential, vacation, and condominium units.