Corebridge Financial, Inc. (NYSE:CRBG) Holdings Increased by Sei Investments Co.

Sei Investments Co. lifted its position in shares of Corebridge Financial, Inc. (NYSE:CRBG - Free Report) by 22.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 701,228 shares of the company's stock after purchasing an additional 130,439 shares during the quarter. Sei Investments Co. owned about 0.12% of Corebridge Financial worth $20,989,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CRBG. Charles Schwab Investment Management Inc. grew its stake in Corebridge Financial by 9.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,738,163 shares of the company's stock worth $50,685,000 after buying an additional 148,834 shares during the period. Cerity Partners LLC grew its stake in shares of Corebridge Financial by 104.4% during the third quarter. Cerity Partners LLC now owns 21,595 shares of the company's stock valued at $630,000 after acquiring an additional 11,029 shares in the last quarter. Swedbank AB increased its position in shares of Corebridge Financial by 3.2% during the third quarter. Swedbank AB now owns 199,807 shares of the company's stock worth $5,826,000 after acquiring an additional 6,143 shares during the last quarter. Daiwa Securities Group Inc. lifted its stake in shares of Corebridge Financial by 3.6% in the third quarter. Daiwa Securities Group Inc. now owns 54,500 shares of the company's stock worth $1,589,000 after acquiring an additional 1,900 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in Corebridge Financial by 3.4% in the third quarter. The Manufacturers Life Insurance Company now owns 22,211 shares of the company's stock valued at $648,000 after purchasing an additional 732 shares during the last quarter. Institutional investors and hedge funds own 98.25% of the company's stock.

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Corebridge Financial Stock Performance

CRBG stock traded down $0.89 during mid-day trading on Friday, reaching $31.34. The company had a trading volume of 1,697,525 shares, compared to its average volume of 3,580,428. Corebridge Financial, Inc. has a one year low of $23.97 and a one year high of $35.36. The stock has a market capitalization of $17.42 billion, a P/E ratio of 8.29, a P/E/G ratio of 0.43 and a beta of 0.92. 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 stock's 50-day simple moving average is $32.74 and its two-hundred day simple moving average is $31.26.

Corebridge Financial (NYSE:CRBG - Get Free Report) last posted 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%. Research analysts anticipate that Corebridge Financial, Inc. will post 5.43 EPS for the current year.

Corebridge Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 3.06%. This is a positive change from Corebridge Financial's previous quarterly dividend of $0.23. The ex-dividend date is Monday, March 17th. Corebridge Financial's dividend payout ratio is 25.40%.

Wall Street Analysts Forecast Growth

CRBG has been the topic of a number of recent analyst reports. Morgan Stanley raised Corebridge Financial from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $35.00 to $43.00 in a research report on Friday, February 28th. Wells Fargo & Company increased 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. Piper Sandler boosted their target price on shares of Corebridge Financial from $34.00 to $35.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 18th. Barclays raised shares of Corebridge Financial from an "equal weight" rating to an "overweight" rating and set a $37.00 price target on the stock in a research report on Monday, January 6th. Finally, Deutsche Bank Aktiengesellschaft raised Corebridge Financial from a "hold" rating to a "buy" rating and boosted their price objective for the company from $33.00 to $40.00 in a report on Friday, January 10th. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average 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.