Corebridge Financial, Inc. (NYSE:CRBG) Shares Sold by Capital Fund Management S.A.

Capital Fund Management S.A. lowered its holdings in shares of Corebridge Financial, Inc. (NYSE:CRBG - Free Report) by 14.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 419,809 shares of the company's stock after selling 73,261 shares during the quarter. Capital Fund Management S.A. owned 0.07% of Corebridge Financial worth $12,565,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Fortitude Family Office LLC bought a new stake in shares of Corebridge Financial during the 4th quarter worth $27,000. FNY Investment Advisers LLC acquired a new stake in Corebridge Financial during the fourth quarter worth approximately $27,000. Smartleaf Asset Management LLC grew its stake in shares of Corebridge Financial by 112.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 907 shares of the company's stock valued at $27,000 after buying an additional 480 shares during the period. Oarsman Capital Inc. acquired a new position in shares of Corebridge Financial during the fourth quarter worth approximately $30,000. Finally, Blue Trust Inc. increased 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 worth $33,000 after purchasing an additional 729 shares in the last quarter. Institutional investors own 98.25% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Corebridge Financial from a "hold" rating to a "buy" rating and boosted their target price for the company from $33.00 to $40.00 in a research note on Friday, January 10th. Morgan Stanley cut their price objective on Corebridge Financial from $43.00 to $32.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. UBS Group lowered shares of Corebridge Financial from a "buy" rating to a "sell" rating and dropped their target price for the company from $40.00 to $28.00 in a research report on Wednesday, April 2nd. Piper Sandler increased their price objective on Corebridge Financial from $35.00 to $38.00 and gave the company an "overweight" rating in a research report on Wednesday, April 2nd. Finally, Barclays cut their target price on Corebridge Financial from $37.00 to $36.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, Corebridge Financial currently has a consensus rating of "Moderate Buy" and an average target price of $36.15.

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Corebridge Financial Stock Up 2.1 %

CRBG traded up $0.57 during trading on Thursday, reaching $27.86. The stock had a trading volume of 813,921 shares, compared to its average volume of 3,567,296. Corebridge Financial, Inc. has a one year low of $23.69 and a one year high of $35.36. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.16. The stock's 50 day moving average is $31.21 and its two-hundred day moving average is $31.19. The company has a market capitalization of $15.49 billion, a price-to-earnings ratio of 7.37, 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 earnings per share 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%. As a group, analysts expect that Corebridge Financial, Inc. will post 5.43 earnings per share for the current year.

Corebridge Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 3.45%. The ex-dividend date of this dividend was Monday, March 17th. This is a positive change from Corebridge Financial's previous quarterly dividend of $0.23. Corebridge Financial's payout ratio is currently 25.40%.

Corebridge Financial Company 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.