34,800 Shares in Corebridge Financial, Inc. (NYSE:CRBG) Purchased by Treasurer of the State of North Carolina

Treasurer of the State of North Carolina acquired a new position in shares of Corebridge Financial, Inc. (NYSE:CRBG – Get Rating) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 34,800 shares of the company’s stock, valued at approximately $698,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. JBF Capital Inc. acquired a new position in Corebridge Financial in the 4th quarter valued at about $1,705,000. Envestnet Asset Management Inc. purchased a new stake in Corebridge Financial in the 4th quarter valued at about $2,244,000. TD Asset Management Inc acquired a new position in Corebridge Financial in the fourth quarter valued at about $100,721,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. acquired a new stake in shares of Corebridge Financial during the fourth quarter valued at about $427,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Corebridge Financial in the 4th quarter valued at approximately $123,000. Institutional investors and hedge funds own 22.16% of the company’s stock.

Corebridge Financial Stock Performance

Shares of NYSE:CRBG opened at $16.99 on Monday. The firm’s 50 day moving average price is $16.23 and its 200 day moving average price is $19.27. Corebridge Financial, Inc. has a fifty-two week low of $14.01 and a fifty-two week high of $23.50. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.85.

Corebridge Financial (NYSE:CRBG – Get Rating) last issued its earnings results on Tuesday, May 9th. The company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.13. The firm had revenue of $5.36 billion during the quarter, compared to analyst estimates of $4.21 billion. During the same period last year, the business earned $1.15 EPS. Equities research analysts predict that Corebridge Financial, Inc. will post 3.87 EPS for the current fiscal year.

Corebridge Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Friday, June 16th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 5.41%. The ex-dividend date of this dividend is Thursday, June 15th.

Wall Street Analyst Weigh In

Several analysts recently weighed in on CRBG shares. Wells Fargo & Company dropped their target price on shares of Corebridge Financial from $28.00 to $21.00 and set an “overweight” rating for the company in a report on Wednesday, April 5th. The Goldman Sachs Group upgraded Corebridge Financial from a “neutral” rating to a “buy” rating and decreased their price target for the stock from $25.00 to $23.00 in a research note on Tuesday, April 4th. Citigroup initiated coverage on Corebridge Financial in a research note on Monday, April 10th. They set a “neutral” rating on the stock. Finally, Royal Bank of Canada restated an “outperform” rating and set a $26.00 price target on shares of Corebridge Financial in a research note on Wednesday, April 5th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $24.27.

Corebridge Financial Company Profile

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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.