2 weeks Ago By ABMN Staff
American Century Companies Inc. acquired a new position in shares of Corebridge Financial, Inc. ( NYSE:CRBG – Free Report ) in the 2nd quarter, according to its most recent filing with the SEC.
The fund acquired 73,994 shares of the company’s stock, valued at approximately $2,155,000. Other large investors also recently bought and sold shares of the company. Vanguard Group Inc.
lifted its stake in Corebridge Financial by 39.0% during the fourth quarter. Vanguard Group Inc.
now owns 23,713,102 shares of the company’s stock worth $513,626,000 after purchasing an additional 6,648,673 shares in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its stake in Corebridge Financial by 106.3% during the fourth quarter.
Hotchkis & Wiley Capital Management LLC now owns 10,010,679 shares of the company’s stock worth $216,831,000 after purchasing an additional 5,157,570 shares in the last quarter. Balyasny Asset Management L.P.
acquired a new position in Corebridge Financial during the fourth quarter worth $105,728,000. Donald Smith & CO. Inc.
acquired a new position in Corebridge Financial during the first quarter worth $89,013,000. Finally, Capital Research Global Investors lifted its stake in Corebridge Financial by 9.9% during the first quarter.
Capital Research Global Investors now owns 33,841,160 shares of the company’s stock worth $972,257,000 after purchasing an additional 3,059,354 shares in the last quarter. 98.25% of the stock is currently owned by hedge funds and other institutional investors.
Insiders Place Their Bets In other news, major shareholder International Group American sold 1,932,609 shares of the stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $29.20, for a total value of $56,432,182.
80. Following the completion of the transaction, the insider now directly owns 292,271,027 shares in the company, valued at $8,534,313,988.40.
The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink . In the last 90 days, insiders sold 14,964,738 shares of company stock worth $400,732,195. Insiders own 0.
09% of the company’s stock. Analyst Ratings Changes Read Our Latest Stock Report on Corebridge Financial Corebridge Financial Stock Down 0.2 % Shares of Corebridge Financial stock opened at $28.
90 on Friday. Corebridge Financial, Inc. has a twelve month low of $18.
83 and a twelve month high of $34.66. The company has a current ratio of 0.
14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.97.
The stock has a market cap of $17.11 billion, a price-to-earnings ratio of 7.61, a price-to-earnings-growth ratio of 0.
39 and a beta of 0.97. The company has a fifty day moving average price of $27.
95 and a 200 day moving average price of $28.43. Corebridge Financial ( NYSE:CRBG – Get Free Report ) last issued its earnings results on Thursday, August 1st.
The company reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.
04. The business had revenue of $4.18 billion for the quarter, compared to analyst estimates of $5.
73 billion. Corebridge Financial had a net margin of 10.16% and a return on equity of 23.
57%. During the same quarter in the prior year, the business posted $1.04 EPS.
Equities research analysts forecast that Corebridge Financial, Inc. will post 4.73 earnings per share for the current fiscal year.
Corebridge Financial Dividend Announcement The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be given a $0.23 dividend.
This represents a $0.92 annualized dividend and a yield of 3.18%.
The ex-dividend date is Monday, September 16th. Corebridge Financial’s dividend payout ratio (DPR) is 24.21%.
About Corebridge Financial ( 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.
Further Reading 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 ).
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