Corebridge Financial Inc. Sells 1,147 Shares of Asbury Automotive Group, Inc. (NYSE:ABG)

Corebridge Financial Inc. lessened its position in Asbury Automotive Group, Inc. (NYSE:ABG - Free Report) by 9.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,471 shares of the company's stock after selling 1,147 shares during the period. Corebridge Financial Inc. owned about 0.05% of Asbury Automotive Group worth $2,545,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. SkyView Investment Advisors LLC lifted its holdings in Asbury Automotive Group by 2.4% during the 3rd quarter. SkyView Investment Advisors LLC now owns 2,119 shares of the company's stock valued at $506,000 after purchasing an additional 50 shares during the last quarter. HighTower Advisors LLC increased its holdings in shares of Asbury Automotive Group by 3.2% during the third quarter. HighTower Advisors LLC now owns 1,720 shares of the company's stock worth $409,000 after buying an additional 53 shares in the last quarter. Nations Financial Group Inc. IA ADV raised its stake in shares of Asbury Automotive Group by 2.3% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 4,023 shares of the company's stock valued at $978,000 after acquiring an additional 92 shares during the last quarter. Evergreen Private Wealth LLC boosted its holdings in shares of Asbury Automotive Group by 0.7% in the 4th quarter. Evergreen Private Wealth LLC now owns 16,624 shares of the company's stock worth $4,040,000 after acquiring an additional 119 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its position in Asbury Automotive Group by 17.2% during the 4th quarter. Nisa Investment Advisors LLC now owns 839 shares of the company's stock worth $204,000 after acquiring an additional 123 shares during the last quarter.

Insider Activity at Asbury Automotive Group

In other Asbury Automotive Group news, COO Daniel Clara sold 1,217 shares of the firm's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $296.64, for a total value of $361,010.88. Following the transaction, the chief operating officer now directly owns 3,747 shares of the company's stock, valued at approximately $1,111,510.08. This trade represents a 24.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.53% of the stock is owned by company insiders.

Asbury Automotive Group Trading Down 0.9 %

ABG traded down $1.85 during mid-day trading on Friday, reaching $211.62. The stock had a trading volume of 549,616 shares, compared to its average volume of 194,457. The firm's fifty day simple moving average is $262.92 and its two-hundred day simple moving average is $250.43. The stock has a market capitalization of $4.16 billion, a P/E ratio of 9.84 and a beta of 1.22. Asbury Automotive Group, Inc. has a 52 week low of $205.37 and a 52 week high of $312.56. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.41 and a current ratio of 1.20.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on ABG shares. Craig Hallum downgraded Asbury Automotive Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 18th. JPMorgan Chase & Co. cut their price target on Asbury Automotive Group from $290.00 to $250.00 and set a "neutral" rating for the company in a report on Thursday, March 27th. Finally, Stephens upped their price target on shares of Asbury Automotive Group from $220.00 to $260.00 and gave the stock an "equal weight" rating in a research report on Tuesday, February 11th. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $263.00.

Asbury Automotive Group Profile

Asbury Automotive Group, Inc, together with its subsidiaries, operates as an automotive retailer in the United States. It offers a range of automotive products and services, including new and used vehicles; and vehicle repair and maintenance services, replacement parts, and collision repair services.