Corebridge Financial (NYSE:CRBG) Price Target Raised to $25.00

Corebridge Financial (NYSE:CRBGGet Rating) had its target price increased by Citigroup from $23.00 to $25.00 in a report released on Wednesday, The Fly reports.

A number of other brokerages have also issued reports on CRBG. Oppenheimer initiated coverage on shares of Corebridge Financial in a research note on Monday, October 10th. They issued an outperform rating on the stock. Credit Suisse Group assumed coverage on shares of Corebridge Financial in a report on Thursday, September 15th. They issued an outperform rating and a $26.00 price objective for the company. JPMorgan Chase & Co. assumed coverage on shares of Corebridge Financial in a report on Monday, October 10th. They set a neutral rating and a $25.00 target price on the stock. Evercore ISI started coverage on shares of Corebridge Financial in a report on Monday, October 10th. They issued an outperform rating and a $24.00 price target for the company. Finally, Bank of America began coverage on shares of Corebridge Financial in a research note on Monday, October 10th. They set a buy rating and a $24.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus target price of $24.91.

Corebridge Financial Price Performance

Corebridge Financial stock opened at $21.93 on Wednesday. Corebridge Financial has a 52 week low of $19.14 and a 52 week high of $23.50. The firm’s 50 day simple moving average is $21.22.

Corebridge Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Friday, December 16th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 4.20%. The ex-dividend date of this dividend is Thursday, December 15th.

Insider Activity

In other Corebridge Financial news, Director Alan B. Colberg acquired 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 10th. The stock was acquired at an average cost of $22.92 per share, with a total value of $687,600.00. Following the acquisition, the director now directly owns 37,858 shares of the company’s stock, valued at approximately $867,705.36. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Institutional Investors Weigh In On Corebridge Financial

Institutional investors have recently bought and sold shares of the stock. Cubist Systematic Strategies LLC bought a new stake in shares of Corebridge Financial during the 3rd quarter worth about $85,000. UBS Group AG acquired a new position in shares of Corebridge Financial during the third quarter valued at approximately $186,000. Barclays PLC bought a new stake in Corebridge Financial during the third quarter worth approximately $291,000. Salzhauer Michael acquired a new stake in Corebridge Financial in the third quarter worth approximately $295,000. Finally, Two Sigma Investments LP bought a new position in Corebridge Financial during the 3rd quarter valued at $473,000.

Corebridge Financial Company Profile

(Get Rating)

Corebridge Financial, Inc provides retirement solutions and insurance products in the United States. It 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.

Further Reading

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