1 day Ago By ABMN Staff
Corebridge Financial, Inc. ( NYSE:CRBG – Get Free Report ) major shareholder International Group American sold 5,000,000 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $28.
86, for a total transaction of $144,300,000.00. Following the transaction, the insider now owns 279,238,898 shares of the company’s stock, valued at approximately $8,058,834,596.
28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink . Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.
International Group American also recently made the following trade(s): Corebridge Financial Trading Up 0.3 % Shares of NYSE CRBG traded up $0.07 during midday trading on Wednesday, hitting $27.
02. The company’s stock had a trading volume of 4,187,704 shares, compared to its average volume of 4,042,061. Corebridge Financial, Inc.
has a 12-month low of $18.71 and a 12-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 firm has a market cap of $16.44 billion, a P/E ratio of 7.
14, a price-to-earnings-growth ratio of 0.35 and a beta of 0.97.
The business’s 50 day moving average is $28.17 and its two-hundred day moving average is $28.23.
Corebridge Financial Dividend Announcement The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be paid a dividend of $0.23 per share.
This represents a $0.92 annualized dividend and a dividend yield of 3.40%.
The ex-dividend date is Monday, September 16th. Corebridge Financial’s dividend payout ratio is presently 24.21%.
Institutional Trading of Corebridge Financial A number of large investors have recently modified their holdings of the company. Norges Bank purchased a new position in Corebridge Financial during the 4th quarter worth $225,561,000. Vanguard Group Inc.
grew its position in shares of Corebridge Financial by 39.0% during the 4th quarter. Vanguard Group Inc.
now owns 23,713,102 shares of the company’s stock worth $513,626,000 after buying an additional 6,648,673 shares in the last quarter. Hotchkis & Wiley Capital Management LLC increased its stake in shares of 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 valued at $216,831,000 after buying an additional 5,157,570 shares during the period. Balyasny Asset Management L.P.
bought a new stake in shares of Corebridge Financial in the fourth quarter valued at about $105,728,000. Finally, Canada Pension Plan Investment Board lifted its stake in Corebridge Financial by 249.3% in the second quarter.
Canada Pension Plan Investment Board now owns 6,315,045 shares of the company’s stock worth $183,894,000 after acquiring an additional 4,507,322 shares during the period. Hedge funds and other institutional investors own 98.25% of the company’s stock.
Analyst Upgrades and Downgrades Several research firms have weighed in on CRBG. Royal Bank of Canada cut their price target on Corebridge Financial from $33.00 to $32.
00 and set an “outperform” rating for the company in a report on Friday, August 2nd. Bank of America reduced their price target on shares of Corebridge Financial from $40.00 to $38.
00 and set a “buy” rating on the stock in a research report on Thursday, July 11th. Morgan Stanley lowered their price objective on shares of Corebridge Financial from $33.00 to $31.
00 and set an “equal weight” rating for the company in a research report on Monday, August 19th. UBS Group boosted their target price on shares of Corebridge Financial from $29.00 to $35.
00 and gave the stock a “buy” rating in a report on Tuesday, July 9th. Finally, Barclays began coverage on shares of Corebridge Financial in a report on Wednesday, September 4th. They issued an “equal weight” rating and a $33.
00 price target for the company. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.
com, Corebridge Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.62. View Our Latest Research Report on CRBG About Corebridge Financial ( Get 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 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.
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