The Manufacturers Life Insurance Company Invests $4.21 Million in Alaska Air Group, Inc. $ALK

The Manufacturers Life Insurance Company bought a new position in Alaska Air Group, Inc. (NYSE:ALK) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 80,619 shares of the transportation company’s stock, valued at approximately $4,208,000. The Manufacturers Life Insurance Company owned about 0.07% of Alaska Air Group at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Assenagon Asset Management S.A. purchased a new stake in shares of Alaska Air Group in the second quarter worth approximately $1,407,000. Vanguard Group Inc. lifted its holdings in shares of Alaska Air Group by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 11,059,404 shares of the transportation company’s stock valued at $556,288,000 after purchasing an additional 110,628 shares in the last quarter. Amundi purchased a new position in shares of Alaska Air Group during the first quarter valued at approximately $2,205,000. Brighton Jones LLC boosted its position in shares of Alaska Air Group by 2,046.4% during the fourth quarter. Brighton Jones LLC now owns 96,932 shares of the transportation company’s stock valued at $6,276,000 after buying an additional 92,416 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in Alaska Air Group by 19,661.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,235,901 shares of the transportation company’s stock valued at $62,166,000 after buying an additional 1,229,647 shares during the last quarter. Institutional investors own 81.90% of the company’s stock.

Analyst Upgrades and Downgrades

ALK has been the topic of several recent analyst reports. Zacks Research upgraded Alaska Air Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 6th. Raymond James Financial reiterated an “outperform” rating and issued a $52.00 target price (down from $60.00) on shares of Alaska Air Group in a report on Monday, August 24th. Wall Street Zen raised shares of Alaska Air Group from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 13th. JPMorgan Chase & Co. dropped their price target on shares of Alaska Air Group from $94.00 to $92.00 and set an “overweight” rating on the stock in a research report on Friday, July 24th. Finally, Barclays set a $65.00 price target on shares of Alaska Air Group and gave the stock an “overweight” rating in a report on Wednesday, July 22nd. Eleven research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $61.88.

Alaska Air Group Price Performance

Shares of NYSE ALK opened at $40.59 on Wednesday. The company has a current ratio of 0.55, a quick ratio of 0.51 and a debt-to-equity ratio of 1.58. The stock has a fifty day simple moving average of $47.12 and a two-hundred day simple moving average of $44.60. Alaska Air Group, Inc. has a 1-year low of $33.03 and a 1-year high of $65.88. The firm has a market cap of $4.52 billion, a price-to-earnings ratio of -25.85 and a beta of 1.28.

Alaska Air Group (NYSE:ALK) last issued its earnings results on Tuesday, July 21st. The transportation company reported ($0.92) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.99) by $0.07. Alaska Air Group had a negative return on equity of 3.11% and a negative net margin of 1.19%.The firm had revenue of $4.07 billion for the quarter, compared to analyst estimates of $4.09 billion. During the same period in the previous year, the company posted $1.42 earnings per share. The business’s revenue was up 9.7% on a year-over-year basis. Alaska Air Group has set its Q3 2026 guidance at 0.000-1.000 EPS. Analysts anticipate that Alaska Air Group, Inc. will post -1.76 earnings per share for the current year.

Insider Transactions at Alaska Air Group

In other news, CEO Benito Minicucci acquired 25,000 shares of the stock in a transaction that occurred on Thursday, August 20th. The shares were acquired at an average cost of $40.06 per share, for a total transaction of $1,001,500.00. Following the purchase, the chief executive officer owned 256,582 shares of the company’s stock, valued at approximately $10,278,674.92. The trade was a 10.80% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Andrew R. Harrison sold 5,300 shares of the company’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $49.67, for a total transaction of $263,251.00. Following the sale, the executive vice president directly owned 25,528 shares in the company, valued at approximately $1,267,975.76. This trade represents a 17.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 1.00% of the company’s stock.

About Alaska Air Group

Alaska Air Group is a publicly traded holding company headquartered in Seattle, Washington, that operates two main airlines—Alaska Airlines and Horizon Air. Through these carriers, the company offers scheduled passenger and cargo services across a network spanning the United States, Canada and Mexico. Its core business activities include domestic and international air transportation, loyalty program management under the Mileage Plan brand, and ancillary revenue streams such as baggage fees, in-flight sales and code-share partnerships with other global airlines.

The roots of Alaska Air Group trace back to the foundation of its flagship carrier, Alaska Airlines, in 1932.