Alight, Inc. (NYSE:ALIT) Insider Gregory A. George Sells 84,929 Shares

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

Alight Stock Performance

Shares of NYSE:ALIT traded down $0.06 on Monday, reaching $7.67. The company’s stock had a trading volume of 6,640,229 shares, compared to its average volume of 5,768,606. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.30 and a quick ratio of 1.30. Alight, Inc. has a 52-week low of $6.15 and a 52-week high of $10.38. The stock’s 50-day moving average is $7.28 and its two-hundred day moving average is $7.39. The stock has a market capitalization of $4.19 billion, a P/E ratio of -16.04 and a beta of 0.87.

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

Alight Announces Dividend

The company also recently disclosed a — dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a $0.04 dividend. The ex-dividend date is Monday, December 2nd.

Analyst Ratings Changes

ALIT has been the subject of several recent analyst reports. KeyCorp boosted their target price on Alight from $10.00 to $11.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. Citigroup reduced their price objective on shares of Alight from $12.00 to $11.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. JPMorgan Chase & Co. downgraded shares of Alight from an “overweight” rating to a “neutral” rating and set a $8.00 target price on the stock. in a research report on Tuesday, August 20th. Needham & Company LLC boosted their price target on shares of Alight from $9.00 to $11.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Finally, Wedbush dropped their price objective on Alight from $12.00 to $10.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Alight has a consensus rating of “Moderate Buy” and an average price target of $10.95.

Institutional Trading of Alight

Hedge funds have recently made changes to their positions in the company. Public Employees Retirement System of Ohio boosted its holdings in Alight by 65.5% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 5,042 shares of the company’s stock valued at $37,000 after purchasing an additional 1,996 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Alight by 65.3% in the second quarter. Nisa Investment Advisors LLC now owns 7,498 shares of the company’s stock valued at $55,000 after buying an additional 2,961 shares in the last quarter. Oppenheimer & Co. Inc. acquired a new position in Alight during the third quarter worth $74,000. KBC Group NV raised its position in Alight by 24.0% in the third quarter. KBC Group NV now owns 12,049 shares of the company’s stock worth $89,000 after acquiring an additional 2,331 shares in the last quarter. Finally, Soros Fund Management LLC acquired a new stake in Alight in the third quarter valued at $89,000. Institutional investors and hedge funds 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.