Daiichi Life Acquires 14,809 Royal Caribbean Shares
The insurer disclosed the second-quarter position as Royal Caribbean reported earnings and revenue above analyst estimates.
Daiichi Life Insurance Co. Ltd. acquired 14,809 shares of Royal Caribbean Cruises Ltd. during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The position was valued at approximately $4,702,000.
Institutional investors currently own 87.53% of Royal Caribbean’s stock, according to the report.
Royal Caribbean reported quarterly earnings per share of $4.21, exceeding the analysts’ consensus estimate of $3.98 by $0.23. The cruise company also posted quarterly revenue of $4.83 billion, compared with analyst estimates of $4.82 billion.
In a separate transaction, Royal Caribbean CEO Michael W. Bayley sold 12,811 shares of the company’s stock at an average price of $315.99. The transaction totaled $4,048,147.89.
