16,884 Shares in Corebridge Financial, Inc. (NYSE:CRBG) Bought by Fox Run Management L.L.C.

Fox Run Management L.L.C. purchased a new position in shares of Corebridge Financial, Inc. (NYSE:CRBG - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 16,884 shares of the company's stock, valued at approximately $505,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CRBG. Public Employees Retirement System of Ohio grew its holdings in shares of Corebridge Financial by 11.3% during the third quarter. Public Employees Retirement System of Ohio now owns 167,038 shares of the company's stock worth $4,871,000 after purchasing an additional 16,970 shares during the last quarter. Virtu Financial LLC bought a new stake in Corebridge Financial during the 3rd quarter worth about $581,000. New York Life Investment Management LLC bought a new stake in Corebridge Financial during the 4th quarter worth about $781,000. State Street Corp increased its position in Corebridge Financial by 11.7% in the 3rd quarter. State Street Corp now owns 8,035,438 shares of the company's stock valued at $234,313,000 after acquiring an additional 843,559 shares in the last quarter. Finally, Qsemble Capital Management LP bought a new position in shares of Corebridge Financial in the third quarter worth about $2,370,000. 98.25% of the stock is owned by institutional investors and hedge funds.

Corebridge Financial Stock Down 2.8 %

Shares of CRBG traded down $0.89 on Friday, hitting $31.34. The company's stock had a trading volume of 1,697,525 shares, compared to its average volume of 3,580,428. The firm's fifty day moving average price is $32.74 and its 200-day moving average price is $31.23. Corebridge Financial, Inc. has a fifty-two week low of $23.97 and a fifty-two week high of $35.36. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $17.42 billion, a price-to-earnings ratio of 8.29, a P/E/G ratio of 0.43 and a beta of 0.92.

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Corebridge Financial (NYSE:CRBG - Get Free Report) last released 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 net margin of 11.39% and a return on equity of 22.69%. On average, equities research analysts expect that Corebridge Financial, Inc. will post 5.43 EPS for the current year.

Corebridge Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a $0.24 dividend. This is an increase from Corebridge Financial's previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.96 annualized dividend and a dividend yield of 3.06%. Corebridge Financial's dividend payout ratio (DPR) is currently 25.40%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CRBG. BMO Capital Markets began coverage on Corebridge Financial in a research note on Thursday, January 23rd. They issued an "outperform" rating and a $43.00 target price for the company. Morgan Stanley raised shares of Corebridge Financial from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $35.00 to $43.00 in a research note on Friday, February 28th. Piper Sandler boosted their price target on shares of Corebridge Financial from $34.00 to $35.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 18th. Wells Fargo & Company raised their price objective on shares of Corebridge Financial from $35.00 to $38.00 and gave the company an "overweight" rating in a research note on Wednesday, February 19th. Finally, Barclays upgraded shares of Corebridge Financial from an "equal weight" rating to an "overweight" rating and set a $37.00 target price for the company in a research report on Monday, January 6th. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, Corebridge Financial has a consensus rating of "Moderate Buy" and a consensus target price of $37.29.

About Corebridge Financial

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.