Corebridge Financial Inc. Sells 401 Shares of Graham Holdings (NYSE:GHC)

Corebridge Financial Inc. reduced its stake in shares of Graham Holdings (NYSE:GHC - Free Report) by 6.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,377 shares of the company's stock after selling 401 shares during the quarter. Corebridge Financial Inc. owned 0.12% of Graham worth $4,688,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Smartleaf Asset Management LLC lifted its stake in Graham by 55.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 31 shares of the company's stock worth $27,000 after purchasing an additional 11 shares during the last quarter. Daiwa Securities Group Inc. lifted its position in shares of Graham by 558.3% during the 3rd quarter. Daiwa Securities Group Inc. now owns 79 shares of the company's stock worth $65,000 after buying an additional 67 shares during the last quarter. KBC Group NV boosted its stake in Graham by 36.5% in the fourth quarter. KBC Group NV now owns 142 shares of the company's stock valued at $124,000 after buying an additional 38 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in shares of Graham by 44.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 144 shares of the company's stock worth $126,000 after acquiring an additional 44 shares during the last quarter. Finally, Principal Securities Inc. increased its position in Graham by 30.0% during the 4th quarter. Principal Securities Inc. now owns 182 shares of the company's stock worth $159,000 after purchasing an additional 42 shares in the last quarter. Institutional investors own 93.16% of the company's stock.

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Insider Activity

In related news, CAO Marcel A. Snyman sold 159 shares of the business's stock in a transaction on Monday, January 6th. The shares were sold at an average price of $881.30, for a total value of $140,126.70. Following the sale, the chief accounting officer now owns 442 shares of the company's stock, valued at $389,534.60. The trade was a 26.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 20.50% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Graham from a "buy" rating to a "strong-buy" rating in a research report on Saturday, March 29th.

Graham Price Performance

GHC stock traded down $17.75 during midday trading on Friday, reaching $927.50. 38,410 shares of the stock were exchanged, compared to its average volume of 16,534. Graham Holdings has a 52 week low of $683.00 and a 52 week high of $1,003.53. The company has a fifty day moving average price of $946.12 and a 200 day moving average price of $896.85. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.57 and a quick ratio of 1.34. The stock has a market capitalization of $4.03 billion, a PE ratio of 18.16 and a beta of 1.12.

Graham Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 8th. Stockholders of record on Thursday, April 17th will be issued a dividend of $1.80 per share. This represents a $7.20 annualized dividend and a dividend yield of 0.78%. The ex-dividend date of this dividend is Thursday, April 17th. Graham's dividend payout ratio (DPR) is currently 4.37%.

Graham Profile

Graham Holdings Company, through its subsidiaries, operates as a diversified education and media company in the United States and internationally. It provides test preparation services and materials; professional training and exam preparation for professional certifications and licensures; and non-academic operations support services to the Purdue University Global; operations support services for online courses and programs; training and test preparation services for accounting and financial services professionals; English-language training, academic preparation programs, and test preparation for English proficiency exams; and A-level examination preparation services, as well as operates colleges, business school, higher education institution, and an online learning institution.