Hyatt Hotels Co. (NYSE:H) Shares Sold by Corebridge Financial Inc.

Corebridge Financial Inc. lessened its stake in Hyatt Hotels Co. (NYSE:H - Free Report) by 9.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 47,912 shares of the company's stock after selling 5,285 shares during the quarter. Corebridge Financial Inc.'s holdings in Hyatt Hotels were worth $7,521,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Versant Capital Management Inc increased its position in shares of Hyatt Hotels by 583.3% during the fourth quarter. Versant Capital Management Inc now owns 205 shares of the company's stock worth $32,000 after purchasing an additional 175 shares in the last quarter. UMB Bank n.a. grew its holdings in shares of Hyatt Hotels by 99.0% during the fourth quarter. UMB Bank n.a. now owns 209 shares of the company's stock worth $33,000 after buying an additional 104 shares in the last quarter. iA Global Asset Management Inc. acquired a new stake in shares of Hyatt Hotels in the third quarter valued at about $51,000. Venturi Wealth Management LLC lifted its stake in shares of Hyatt Hotels by 750.0% in the fourth quarter. Venturi Wealth Management LLC now owns 340 shares of the company's stock worth $53,000 after buying an additional 300 shares in the last quarter. Finally, Fifth Third Bancorp boosted its position in Hyatt Hotels by 31.9% during the fourth quarter. Fifth Third Bancorp now owns 467 shares of the company's stock worth $73,000 after acquiring an additional 113 shares during the last quarter. 73.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Hyatt Hotels

In other news, insider Kinsey Wolf sold 1,000 shares of the stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $122.95, for a total value of $122,950.00. Following the transaction, the insider now owns 811 shares in the company, valued at approximately $99,712.45. This represents a 55.22 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Mark R. Vondrasek sold 10,000 shares of the business's stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $116.80, for a total value of $1,168,000.00. Following the sale, the insider now owns 9,337 shares of the company's stock, valued at approximately $1,090,561.60. The trade was a 51.71 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,600 shares of company stock valued at $1,517,798. Insiders own 23.50% of the company's stock.

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Analyst Upgrades and Downgrades

A number of research analysts have weighed in on H shares. Macquarie decreased their target price on shares of Hyatt Hotels from $172.00 to $165.00 and set an "outperform" rating on the stock in a research note on Friday, February 14th. Barclays reduced their price objective on Hyatt Hotels from $162.00 to $151.00 and set an "equal weight" rating on the stock in a research report on Friday, February 14th. Robert W. Baird cut their target price on Hyatt Hotels from $158.00 to $156.00 and set a "neutral" rating for the company in a research note on Wednesday, February 19th. Evercore ISI raised shares of Hyatt Hotels from an "in-line" rating to an "outperform" rating and set a $175.00 price target on the stock in a research report on Wednesday, March 5th. Finally, Truist Financial cut their price objective on shares of Hyatt Hotels from $163.00 to $156.00 and set a "buy" rating for the company in a research report on Friday, March 21st. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $161.97.

Hyatt Hotels Stock Up 0.5 %

H stock traded up $0.63 during midday trading on Wednesday, hitting $122.41. The company's stock had a trading volume of 78,407 shares, compared to its average volume of 816,703. Hyatt Hotels Co. has a 52-week low of $116.13 and a 52-week high of $168.20. The firm has a 50-day simple moving average of $141.03 and a 200-day simple moving average of $149.96. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $11.77 billion, a P/E ratio of 9.84 and a beta of 1.51.

Hyatt Hotels (NYSE:H - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.22). The company had revenue of $1.60 billion for the quarter, compared to analysts' expectations of $1.63 billion. Hyatt Hotels had a return on equity of 9.81% and a net margin of 19.50%. During the same quarter last year, the company earned $0.64 EPS. As a group, equities analysts forecast that Hyatt Hotels Co. will post 3.05 EPS for the current year.

Hyatt Hotels Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Friday, February 28th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.49%. The ex-dividend date of this dividend was Friday, February 28th. Hyatt Hotels's dividend payout ratio (DPR) is presently 4.82%.

About Hyatt Hotels

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.