B. Metzler seel. Sohn & Co. AG Acquires 53,741 Shares of Corebridge Financial, Inc. (NYSE:CRBG)

B. Metzler seel. Sohn & Co. AG lifted its stake in shares of Corebridge Financial, Inc. (NYSE:CRBG - Free Report) by 33.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 216,741 shares of the company's stock after acquiring an additional 53,741 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in Corebridge Financial were worth $6,487,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC lifted its position in shares of Corebridge Financial by 25.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,642 shares of the company's stock valued at $49,000 after acquiring an additional 329 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its stake in Corebridge Financial by 58.4% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,147 shares of the company's stock valued at $34,000 after purchasing an additional 423 shares during the period. Smartleaf Asset Management LLC lifted its holdings in Corebridge Financial by 112.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 907 shares of the company's stock worth $27,000 after purchasing an additional 480 shares in the last quarter. Sanctuary Advisors LLC boosted its stake in Corebridge Financial by 3.1% in the 4th quarter. Sanctuary Advisors LLC now owns 22,182 shares of the company's stock worth $664,000 after purchasing an additional 660 shares during the period. Finally, Blue Trust Inc. grew its holdings in Corebridge Financial by 183.2% during the 4th quarter. Blue Trust Inc. now owns 1,127 shares of the company's stock valued at $33,000 after buying an additional 729 shares in the last quarter. 98.25% of the stock is owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft raised shares of Corebridge Financial from a "hold" rating to a "buy" rating and boosted their target price for the stock from $33.00 to $40.00 in a report on Friday, January 10th. Barclays raised shares of Corebridge Financial from an "equal weight" rating to an "overweight" rating and set a $37.00 price objective for the company in a report on Monday, January 6th. Morgan Stanley upgraded Corebridge Financial from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $35.00 to $43.00 in a research report on Friday, February 28th. UBS Group downgraded Corebridge Financial from a "buy" rating to a "sell" rating and decreased their target price for the stock from $40.00 to $28.00 in a research report on Wednesday. Finally, Wells Fargo & Company raised their price target on Corebridge Financial from $35.00 to $38.00 and gave the company an "overweight" rating in a report on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, two have given a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $37.00.

Corebridge Financial Trading Down 10.5 %

Corebridge Financial stock traded down $3.01 during mid-day trading on Friday, hitting $25.62. The company's stock had a trading volume of 4,989,743 shares, compared to its average volume of 3,555,865. 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 company has a 50 day moving average of $32.48 and a 200-day moving average of $31.32. Corebridge Financial, Inc. has a one year low of $23.97 and a one year high of $35.36. The stock has a market cap of $14.25 billion, a PE ratio of 6.78, a P/E/G ratio of 0.43 and a beta of 0.98.

Corebridge Financial (NYSE:CRBG - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $1.23 EPS for the quarter, missing the consensus estimate 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, research analysts anticipate that Corebridge Financial, Inc. will post 5.43 EPS for the current year.

Corebridge Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were paid a $0.24 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $0.96 annualized dividend and a yield of 3.75%. This is a boost from Corebridge Financial's previous quarterly dividend of $0.23. Corebridge Financial's dividend payout ratio is 25.40%.

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.