Tokio Marine Asset Management Co. Ltd. Acquires Shares of 14,900 Alight, Inc. (NYSE:ALIT)

Tokio Marine Asset Management Co. Ltd. acquired a new stake in shares of Alight, Inc. (NYSE:ALITFree Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 14,900 shares of the company’s stock, valued at approximately $147,000.

A number of other hedge funds have also recently bought and sold shares of the business. Tudor Investment Corp Et Al grew its position in shares of Alight by 387.1% in the 3rd quarter. Tudor Investment Corp Et Al now owns 385,382 shares of the company’s stock worth $2,732,000 after acquiring an additional 306,257 shares in the last quarter. Walleye Capital LLC grew its position in shares of Alight by 229.8% in the 3rd quarter. Walleye Capital LLC now owns 281,509 shares of the company’s stock worth $1,996,000 after acquiring an additional 196,160 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Alight by 2.3% in the 3rd quarter. Vanguard Group Inc. now owns 34,651,300 shares of the company’s stock worth $245,678,000 after acquiring an additional 792,348 shares in the last quarter. SG Americas Securities LLC grew its position in shares of Alight by 89.5% in the 4th quarter. SG Americas Securities LLC now owns 69,007 shares of the company’s stock worth $589,000 after acquiring an additional 32,591 shares in the last quarter. Finally, Saxon Interests Inc. acquired a new position in shares of Alight in the 4th quarter worth approximately $145,000. Institutional investors and hedge funds own 96.74% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Bank of America reduced their price objective on Alight from $10.00 to $9.50 and set a “buy” rating for the company in a research report on Tuesday, June 25th. UBS Group boosted their price objective on Alight from $12.00 to $13.00 and gave the company a “buy” rating in a research report on Thursday, March 21st. Canaccord Genuity Group boosted their price objective on Alight from $12.00 to $13.00 and gave the company a “buy” rating in a research report on Thursday, March 21st. KeyCorp reduced their price objective on Alight from $12.00 to $11.00 and set an “overweight” rating for the company in a research report on Thursday, May 9th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $11.00 target price on shares of Alight in a research note on Monday, July 1st. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $11.72.

View Our Latest Report on ALIT

Alight Stock Down 0.4 %

Shares of Alight stock opened at $7.07 on Tuesday. The stock’s fifty day moving average is $7.76 and its 200-day moving average is $8.60. The firm has a market capitalization of $3.97 billion, a PE ratio of -11.40, a price-to-earnings-growth ratio of 1.39 and a beta of 0.87. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.61. Alight, Inc. has a 12-month low of $6.33 and a 12-month high of $10.38.

Alight (NYSE:ALITGet Free Report) last announced its earnings results on Wednesday, May 8th. The company reported $0.07 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.07. The company had revenue of $816.00 million for the quarter, compared to analyst estimates of $832.41 million. Alight had a positive return on equity of 5.14% and a negative net margin of 9.19%. Equities analysts anticipate that Alight, Inc. will post 0.52 earnings per share for the current year.

Alight Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Alight (NYSE:ALIT)

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