Securian Asset Management Inc. Decreases Holdings in Alcoa Co. (NYSE:AA)

Securian Asset Management Inc. trimmed its holdings in shares of Alcoa Co. (NYSE:AA) by 2.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 19,531 shares of the industrial products company’s stock after selling 557 shares during the period. Securian Asset Management Inc.’s holdings in Alcoa were worth $738,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Crossmark Global Holdings Inc. lifted its holdings in Alcoa by 28.4% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 13,164 shares of the industrial products company’s stock worth $508,000 after buying an additional 2,912 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in Alcoa by 32.5% in the 3rd quarter. Victory Capital Management Inc. now owns 543,086 shares of the industrial products company’s stock worth $20,952,000 after buying an additional 133,345 shares in the last quarter. KBC Group NV lifted its holdings in Alcoa by 45.3% in the 3rd quarter. KBC Group NV now owns 6,537 shares of the industrial products company’s stock worth $252,000 after buying an additional 2,037 shares in the last quarter. Impax Asset Management Group plc acquired a new position in Alcoa in the 3rd quarter worth $664,000. Finally, Cornercap Investment Counsel Inc. acquired a new position in Alcoa in the 3rd quarter worth $316,000. 82.39% of the stock is owned by hedge funds and other institutional investors.

Alcoa Price Performance

Shares of NYSE:AA opened at $33.56 on Friday. The company has a quick ratio of 0.86, a current ratio of 1.45 and a debt-to-equity ratio of 0.48. Alcoa Co. has a fifty-two week low of $27.12 and a fifty-two week high of $47.77. The firm has a 50-day simple moving average of $35.44 and a 200 day simple moving average of $37.91. The company has a market cap of $8.69 billion, a PE ratio of -209.73, a P/E/G ratio of 0.19 and a beta of 2.55.

Alcoa (NYSE:AA) last announced its quarterly earnings data on Wednesday, January 22nd. The industrial products company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.13. Alcoa had a net margin of 0.50% and a return on equity of 5.54%. On average, sell-side analysts anticipate that Alcoa Co. will post 4.43 EPS for the current year.

Alcoa Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Tuesday, March 4th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.19%. The ex-dividend date of this dividend is Tuesday, March 4th. Alcoa’s dividend payout ratio (DPR) is -250.00%.

Analyst Ratings Changes

AA has been the topic of a number of recent analyst reports. Morgan Stanley cut their price objective on shares of Alcoa from $55.00 to $51.00 and set an “overweight” rating on the stock in a report on Tuesday, January 28th. B. Riley upgraded shares of Alcoa to a “strong-buy” rating in a report on Tuesday, January 21st. Jefferies Financial Group cut their target price on shares of Alcoa from $50.00 to $45.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. HC Wainwright upped their target price on shares of Alcoa to $90.00 and gave the company a “buy” rating in a research note on Tuesday, March 11th. Finally, JPMorgan Chase & Co. upped their target price on shares of Alcoa from $38.00 to $40.00 and gave the company a “neutral” rating in a research note on Thursday, January 16th. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $50.17.

Alcoa Company Profile

Alcoa Corporation, together with its subsidiaries, produces and sells bauxite, alumina, and aluminum products in the United States, Spain, Australia, Iceland, Norway, Brazil, Canada, and internationally. The company operates through two segments, Alumina and Aluminum. It engages in bauxite mining operations; and processes bauxite into alumina and sells it to customers who process it into industrial chemical products, as well as aluminum smelting and casting businesses.