Corebridge Financial, Inc. (NYSE:CRBG) Holdings Lifted by Andra AP fonden

Andra AP fonden grew its holdings in shares of Corebridge Financial, Inc. (NYSE:CRBG - Free Report) by 24.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 281,200 shares of the company's stock after acquiring an additional 55,300 shares during the period. Andra AP fonden's holdings in Corebridge Financial were worth $8,416,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of CRBG. Point72 Asia Singapore Pte. Ltd. acquired a new position in Corebridge Financial during the 3rd quarter worth $27,000. Fortitude Family Office LLC bought a new stake in Corebridge Financial in the fourth quarter valued at about $27,000. FNY Investment Advisers LLC acquired a new stake in Corebridge Financial during the fourth quarter valued at approximately $27,000. Smartleaf Asset Management LLC lifted its holdings in Corebridge Financial by 112.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 907 shares of the company's stock worth $27,000 after buying an additional 480 shares during the last quarter. Finally, Capital Performance Advisors LLP acquired a new position in shares of Corebridge Financial in the 3rd quarter worth approximately $28,000. 98.25% of the stock is owned by hedge funds and other institutional investors.

Corebridge Financial Price Performance

Shares of NYSE:CRBG traded up $0.44 during trading on Wednesday, reaching $31.64. The company had a trading volume of 2,737,509 shares, compared to its average volume of 3,058,226. The firm's fifty day moving average is $32.37 and its 200 day moving average is $30.89. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.13 and a current ratio of 0.13. The firm has a market capitalization of $17.59 billion, a PE ratio of 8.37, a price-to-earnings-growth ratio of 0.43 and a beta of 0.92. Corebridge Financial, Inc. has a twelve month low of $23.97 and a twelve month high of $35.36.

Remove Ads

Corebridge Financial (NYSE:CRBG - Get Free Report) last released its earnings results on Wednesday, February 12th. The company reported $1.23 earnings per share for the quarter, missing analysts' consensus estimates of $1.27 by ($0.04). Corebridge Financial had a return on equity of 22.69% and a net margin of 11.39%. On average, equities analysts forecast that Corebridge Financial, Inc. will post 5.43 EPS for the current year.

Corebridge Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a $0.24 dividend. The ex-dividend date is Monday, March 17th. This is a boost from Corebridge Financial's previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a yield of 3.03%. Corebridge Financial's payout ratio is 25.40%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. BMO Capital Markets started coverage on shares of Corebridge Financial in a report on Thursday, January 23rd. They issued an "outperform" rating and a $43.00 price objective for the company. Piper Sandler lifted their price target on shares of Corebridge Financial from $34.00 to $35.00 and gave the company an "overweight" rating in a report on Wednesday, December 18th. TD Cowen raised their target price on shares of Corebridge Financial from $35.00 to $37.00 and gave the stock a "buy" rating in a report on Wednesday, November 27th. Barclays raised Corebridge Financial from an "equal weight" rating to an "overweight" rating and set a $37.00 target price for the company in a report on Monday, January 6th. Finally, DOWLING & PARTN downgraded Corebridge Financial from a "strong-buy" rating to a "hold" rating in a report on Tuesday, November 26th. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, Corebridge Financial has a consensus rating of "Moderate Buy" and an average price target of $37.29.

Corebridge Financial Profile

Corebridge Financial, Inc provides retirement solutions and insurance products in the United States. The company operates through Individual Retirement, Group Retirement, Life Insurance, and Institutional Markets segments. The Individual Retirement segment provides fixed annuities, fixed index annuities, variable annuities, and retail mutual funds.