American International Group Inc. Increases Stock Holdings in Hyatt Hotels Co. (NYSE:H)

American International Group Inc. lifted its stake in shares of Hyatt Hotels Co. (NYSE:H) by 15,334.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 59,731 shares of the company’s stock after buying an additional 59,344 shares during the period. American International Group Inc.’s holdings in Hyatt Hotels were worth $7,790,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of H. Norges Bank bought a new stake in Hyatt Hotels during the fourth quarter worth $72,086,000. Bain Capital Public Equity Management II LLC bought a new stake in Hyatt Hotels during the fourth quarter worth $57,284,000. Franklin Resources Inc. lifted its holdings in Hyatt Hotels by 28.5% during the fourth quarter. Franklin Resources Inc. now owns 1,948,171 shares of the company’s stock worth $254,061,000 after acquiring an additional 432,594 shares during the period. Principal Financial Group Inc. lifted its holdings in Hyatt Hotels by 6.6% during the fourth quarter. Principal Financial Group Inc. now owns 2,405,283 shares of the company’s stock worth $313,673,000 after acquiring an additional 148,804 shares during the period. Finally, Tudor Investment Corp Et Al lifted its holdings in Hyatt Hotels by 1,141.6% during the third quarter. Tudor Investment Corp Et Al now owns 97,517 shares of the company’s stock worth $10,345,000 after acquiring an additional 89,663 shares during the period. Hedge funds and other institutional investors own 71.02% of the company’s stock.

Insider Buying and Selling

In other news, insider Traubert Foundation Pritzker sold 704,229 shares of the company’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $157.97, for a total value of $111,247,055.13. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Joan Bottarini sold 305 shares of the company’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $148.00, for a total value of $45,140.00. Following the completion of the transaction, the insider now directly owns 15,799 shares in the company, valued at approximately $2,338,252. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Traubert Foundation Pritzker sold 704,229 shares of the company’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $157.97, for a total value of $111,247,055.13. The disclosure for this sale can be found here. Insiders sold a total of 716,418 shares of company stock worth $113,062,674 over the last ninety days. 23.50% of the stock is owned by corporate insiders.

Hyatt Hotels Price Performance

Hyatt Hotels stock opened at $150.62 on Thursday. Hyatt Hotels Co. has a 52 week low of $96.77 and a 52 week high of $161.50. The business has a 50-day simple moving average of $149.03 and a 200 day simple moving average of $142.61. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.63. The stock has a market cap of $15.24 billion, a price-to-earnings ratio of 23.39 and a beta of 1.49.

Hyatt Hotels (NYSE:H) last posted its earnings results on Thursday, May 9th. The company reported $0.71 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.02). Hyatt Hotels had a return on equity of 8.44% and a net margin of 10.21%. The business had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.72 billion. During the same quarter in the previous year, the firm earned $0.41 earnings per share. On average, research analysts forecast that Hyatt Hotels Co. will post 3.34 earnings per share for the current fiscal year.

Hyatt Hotels Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 11th. Investors of record on Wednesday, May 29th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.40%. The ex-dividend date was Wednesday, May 29th. Hyatt Hotels’s payout ratio is 9.32%.

Analyst Ratings Changes

A number of analysts recently commented on H shares. Mizuho lifted their price target on Hyatt Hotels from $195.00 to $204.00 and gave the stock a “buy” rating in a report on Wednesday, May 15th. Barclays boosted their target price on Hyatt Hotels from $153.00 to $159.00 and gave the company an “equal weight” rating in a research note on Friday, May 10th. StockNews.com upgraded Hyatt Hotels from a “sell” rating to a “hold” rating in a research note on Tuesday, May 14th. TD Cowen boosted their target price on Hyatt Hotels from $95.00 to $160.00 and gave the company a “market perform” rating in a research note on Thursday, March 21st. Finally, Robert W. Baird boosted their target price on Hyatt Hotels from $160.00 to $162.00 and gave the company a “neutral” rating in a research note on Friday, May 17th. Eleven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Hyatt Hotels currently has a consensus rating of “Hold” and an average price target of $148.31.

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.