Corebridge Financial, Inc. (NYSE:CRBG) Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP raised its stake in Corebridge Financial, Inc. (NYSE:CRBG - Free Report) by 16.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,457,441 shares of the company's stock after buying an additional 770,255 shares during the quarter. Dimensional Fund Advisors LP owned about 0.96% of Corebridge Financial worth $163,344,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of CRBG. EverSource Wealth Advisors LLC grew its holdings 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 purchasing an additional 329 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Corebridge Financial by 58.4% in the fourth 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 raised its stake in shares of Corebridge Financial by 112.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 907 shares of the company's stock worth $27,000 after purchasing an additional 480 shares during the last quarter. Sanctuary Advisors LLC lifted its holdings in shares of Corebridge Financial by 3.1% during the fourth 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 position in Corebridge Financial by 183.2% in 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 during the last quarter. Hedge funds and other institutional investors own 98.25% of the company's stock.

Corebridge Financial Trading Up 1.3 %

CRBG traded up $0.39 during trading on Monday, hitting $29.90. The company's stock had a trading volume of 2,000,512 shares, compared to its average volume of 3,562,828. Corebridge Financial, Inc. has a twelve month low of $23.69 and a twelve month high of $35.36. The firm's 50 day moving average price is $30.56 and its 200-day moving average price is $31.17. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.13 and a quick ratio of 0.13. The stock has a market cap of $16.52 billion, a PE ratio of 7.91, a PEG ratio of 0.43 and a beta of 0.98.

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

Corebridge Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a dividend of $0.24 per share. The ex-dividend date was Monday, March 17th. This is a positive change from Corebridge Financial's previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a yield of 3.21%. Corebridge Financial's dividend payout ratio is currently 25.40%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on CRBG shares. BMO Capital Markets began coverage on Corebridge Financial in a research report on Thursday, January 23rd. They set an "outperform" rating and a $43.00 target price on the stock. Piper Sandler upped their target price on shares of Corebridge Financial from $35.00 to $38.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 2nd. Morgan Stanley reduced their price target on shares of Corebridge Financial from $43.00 to $32.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. UBS Group downgraded Corebridge Financial from a "buy" rating to a "sell" rating and dropped their price objective for the company from $40.00 to $28.00 in a research note on Wednesday, April 2nd. Finally, Keefe, Bruyette & Woods decreased their target price on Corebridge Financial from $40.00 to $37.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. One analyst has rated the stock with a sell rating, two have given a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $36.15.

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.