Commonwealth Equity Services LLC Decreases Stock Holdings in Corebridge Financial, Inc. (NYSE:CRBG)

Commonwealth Equity Services LLC cut its stake in Corebridge Financial, Inc. ( NYSE:CRBG – Free Report ) by 7.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC).

The institutional investor owned 22,566 shares of the company’s stock after selling 1,854 shares during the period. Commonwealth Equity Services LLC’s holdings in Corebridge Financial were worth $675,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Several other hedge funds and other institutional investors have also recently made changes to their positions in CRBG.



Point72 Asia Singapore Pte. Ltd. acquired a new stake in Corebridge Financial during the third quarter worth about $27,000.

Fortitude Family Office LLC purchased a new stake in shares of Corebridge Financial in the 4th quarter valued at approximately $27,000. FNY Investment Advisers LLC acquired a new stake in shares of Corebridge Financial during the 4th quarter worth approximately $27,000. Smartleaf Asset Management LLC raised its position in shares of Corebridge Financial by 112.

4% during the 4th quarter. Smartleaf Asset Management LLC now owns 907 shares of the company’s stock valued at $27,000 after buying an additional 480 shares during the period. Finally, Blue Trust Inc.

lifted its holdings in Corebridge Financial by 183.2% in the fourth quarter. Blue Trust Inc.

now owns 1,127 shares of the company’s stock valued at $33,000 after acquiring an additional 729 shares during the last quarter. Institutional investors and hedge funds own 98.25% of the company’s stock.

Analyst Upgrades and Downgrades CRBG has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft raised Corebridge Financial from a “hold” rating to a “buy” rating and raised their target price for the stock from $33.00 to $40.

00 in a research note on Friday, January 10th. Morgan Stanley raised Corebridge Financial from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $35.00 to $43.

00 in a research report on Friday, February 28th. BMO Capital Markets started coverage on shares of Corebridge Financial in a report on Thursday, January 23rd. They issued an “outperform” rating and a $43.

00 price objective on the stock. Wells Fargo & Company increased their target price on shares of Corebridge Financial from $35.00 to $38.

00 and gave the stock an “overweight” rating in a research note on Wednesday, February 19th. Finally, UBS Group downgraded shares of Corebridge Financial from a “buy” rating to a “sell” rating and reduced their price target for the company from $40.00 to $28.

00 in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.

com, Corebridge Financial presently has an average rating of “Moderate Buy” and an average target price of $37.00. Corebridge Financial Trading Down 10.

3 % NYSE:CRBG opened at $28.63 on Friday. Corebridge Financial, Inc.

has a 12-month low of $23.97 and a 12-month high of $35.36.

The firm has a market cap of $15.92 billion, a PE ratio of 7.57, a price-to-earnings-growth ratio of 0.

43 and a beta of 0.92. The company has a current ratio of 0.

13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.16.

The stock has a fifty day moving average price of $32.63 and a 200 day moving average price of $31.30.

Corebridge Financial ( NYSE:CRBG – Get Free Report ) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.

27 by ($0.04). Corebridge Financial had a net margin of 11.

39% and a return on equity of 22.69%. Sell-side analysts anticipate that Corebridge Financial, Inc.

will post 5.43 earnings per share for the current fiscal year. Corebridge Financial Increases Dividend The company also recently declared a quarterly dividend, which was paid on Monday, March 31st.

Shareholders of record on Monday, March 17th were issued a dividend of $0.24 per share. This represents a $0.

96 annualized dividend and a yield of 3.35%. The ex-dividend date was Monday, March 17th.

This is a boost from Corebridge Financial’s previous quarterly dividend of $0.23. Corebridge Financial’s payout ratio is 25.

40%. Corebridge Financial 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 Articles Five stocks we like better than Corebridge Financial Are Penny Stocks a Good Fit for Your Portfolio? Shares of RH Down Nearly 40%: Where Investors Can Turn To Now What is the Hang Seng index? Tariffs, Spin-Out, and R2 Updates Are Positive Signs for Rivian What is a Dividend Harvesting Strategy and How Can Investors Profit from it? Cathie Wood Loads Up on Baidu—Is It the Right Time to Buy? 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 .

.