6 days Ago By ABMN Staff
Mariner LLC reduced its holdings in shares of Corebridge Financial, Inc. ( NYSE:CRBG – Free Report ) by 16.4% during the 4th quarter, Holdings Channel.
com reports. The institutional investor owned 28,861 shares of the company’s stock after selling 5,678 shares during the period. Mariner LLC’s holdings in Corebridge Financial were worth $864,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in CRBG. FNY Investment Advisers LLC purchased a new stake in Corebridge Financial during the 4th quarter worth approximately $27,000. Fortitude Family Office LLC purchased a new stake in shares of Corebridge Financial in the 4th quarter valued at approximately $27,000.
Smartleaf Asset Management LLC increased its position in shares of Corebridge Financial by 112.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 907 shares of the company’s stock valued at $27,000 after purchasing an additional 480 shares during the last quarter.
Oarsman Capital Inc. purchased a new stake in shares of Corebridge Financial in the 4th quarter valued at approximately $30,000. Finally, Blue Trust Inc.
increased its position in shares of 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 purchasing an additional 729 shares during the last quarter. 98.25% of the stock is owned by hedge funds and other institutional investors.
Corebridge Financial Stock Performance Shares of CRBG stock opened at $29.90 on Tuesday. The stock has a market capitalization of $16.
52 billion, a PE ratio of 7.91, a price-to-earnings-growth ratio of 0.43 and a beta of 0.
98. Corebridge Financial, Inc. has a 52-week low of $23.
69 and a 52-week high of $35.36. The stock’s 50-day moving average price is $30.
49 and its 200 day moving average price is $31.17. The company has a quick ratio of 0.
13, a current ratio of 0.13 and a debt-to-equity ratio of 0.16.
Corebridge Financial Increases Dividend The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were given a dividend of $0.24 per share.
This is a boost from Corebridge Financial’s previous quarterly dividend of $0.23. The ex-dividend date was Monday, March 17th.
This represents a $0.96 annualized dividend and a yield of 3.21%.
Corebridge Financial’s payout ratio is presently 25.40%. Analyst Upgrades and Downgrades A number of brokerages have commented on CRBG.
UBS Group downgraded shares of 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 report on Wednesday, April 2nd.
Piper Sandler 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 report on Wednesday, April 2nd.
Deutsche Bank Aktiengesellschaft raised shares of Corebridge Financial from a “hold” rating to a “buy” rating and increased their price objective for the company from $33.00 to $40.00 in a research report on Friday, January 10th.
Keefe, Bruyette & Woods lowered their target price on shares of Corebridge Financial from $40.00 to $37.00 and set an “outperform” rating for the company in a report on Wednesday, April 9th.
Finally, Wells Fargo & Company cut their price target on shares of Corebridge Financial from $38.00 to $35.00 and set an “overweight” rating on the stock in a research note on Thursday, April 10th.
One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, Corebridge Financial presently has an average rating of “Moderate Buy” and an average price target of $36.
15. Check Out Our Latest Stock Report on Corebridge Financial Corebridge Financial Company Profile ( Free Report ) 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. Featured Stories Want to see what other hedge funds are holding CRBG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Corebridge Financial, Inc.
( NYSE:CRBG – Free Report ). Receive News & Ratings for Corebridge Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Corebridge Financial and related companies with MarketBeat.com's FREE daily email newsletter .
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