ORG Wealth Companions LLC acquired a brand new stake in shares of Corebridge Monetary, Inc. (NYSE:CRBG – Free Report) through the third quarter, in keeping with the corporate in its most up-to-date submitting with the Securities and Trade Fee (SEC). The fund acquired 1,006 shares of the corporate’s inventory, valued at roughly $29,000.
A number of different hedge funds and different institutional traders have additionally made modifications to their positions within the firm. Vanguard Group Inc. grew its holdings in Corebridge Monetary by 39.0% through the 4th quarter. Vanguard Group Inc. now owns 23,713,102 shares of the corporate’s inventory valued at $513,626,000 after buying an extra 6,648,673 shares over the last quarter. Canada Pension Plan Funding Board boosted its place in shares of Corebridge Monetary by 249.3% through the second quarter. Canada Pension Plan Funding Board now owns 6,315,045 shares of the corporate’s inventory valued at $183,894,000 after shopping for an extra 4,507,322 shares through the interval. Donald Smith & CO. Inc. purchased a brand new place in shares of Corebridge Monetary through the first quarter valued at roughly $89,013,000. Capital Analysis International Traders raised its holdings in shares of Corebridge Monetary by 9.9% within the first quarter. Capital Analysis International Traders now owns 33,841,160 shares of the corporate’s inventory price $972,257,000 after shopping for an extra 3,059,354 shares through the interval. Lastly, Marshall Wace LLP raised its holdings in shares of Corebridge Monetary by 201.1% within the second quarter. Marshall Wace LLP now owns 4,008,341 shares of the corporate’s inventory price $116,723,000 after shopping for an extra 2,677,105 shares through the interval. Hedge funds and different institutional traders personal 98.25% of the corporate’s inventory.
Insider Exercise at Corebridge Monetary
In different information, main shareholder Worldwide Group American bought 5,000,000 shares of the inventory in a transaction on Monday, September sixteenth. The inventory was bought at a mean value of $28.86, for a complete transaction of $144,300,000.00. Following the completion of the sale, the insider now owns 279,238,898 shares within the firm, valued at roughly $8,058,834,596.28. This represents a 0.00 % lower of their place. The sale was disclosed in a doc filed with the SEC, which is accessible via this hyperlink. 0.09% of the inventory is at present owned by company insiders.
Corebridge Monetary Inventory Down 0.3 %
Shares of NYSE CRBG opened at $30.56 on Wednesday. The inventory has a market capitalization of $18.59 billion, a PE ratio of 8.04, a price-to-earnings-growth ratio of 0.42 and a beta of 0.97. The corporate has a present ratio of 0.14, a fast ratio of 0.14 and a debt-to-equity ratio of 0.97. Corebridge Monetary, Inc. has a 12-month low of $18.83 and a 12-month excessive of $34.66. The inventory’s fifty day easy shifting common is $28.24 and its two-hundred day easy shifting common is $28.65.
Corebridge Monetary (NYSE:CRBG – Get Free Report) final issued its quarterly earnings knowledge on Thursday, August 1st. The corporate reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.04. The corporate had income of $4.18 billion for the quarter, in comparison with the consensus estimate of $5.73 billion. Corebridge Monetary had a return on fairness of 23.57% and a web margin of 10.16%. Throughout the identical quarter final yr, the corporate earned $1.04 earnings per share. As a bunch, analysts count on that Corebridge Monetary, Inc. will publish 4.66 EPS for the present fiscal yr.
Corebridge Monetary Dividend Announcement
The corporate additionally lately disclosed a quarterly dividend, which was paid on Monday, September thirtieth. Traders of file on Monday, September sixteenth had been paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Monday, September sixteenth. This represents a $0.92 annualized dividend and a dividend yield of three.01%. Corebridge Monetary’s dividend payout ratio (DPR) is presently 24.21%.
Wall Avenue Analysts Forecast Development
A number of equities analysts have commented on CRBG shares. JPMorgan Chase & Co. upped their value goal on Corebridge Monetary from $26.00 to $34.00 and gave the corporate a “impartial” ranking in a analysis report on Tuesday, July 2nd. Jefferies Monetary Group upped their value goal on shares of Corebridge Monetary from $35.00 to $40.00 and gave the inventory a “purchase” ranking in a report on Friday, June twenty eighth. Piper Sandler lowered their value goal on shares of Corebridge Monetary from $35.00 to $34.00 and set an “obese” ranking on the inventory in a analysis word on Wednesday, October 2nd. UBS Group boosted their value goal on shares of Corebridge Monetary from $29.00 to $35.00 and gave the corporate a “purchase” ranking in a analysis report on Tuesday, July ninth. Lastly, Barclays upped their goal value on shares of Corebridge Monetary from $33.00 to $34.00 and gave the inventory an “equal weight” ranking in a analysis word on Tuesday, October eighth. Three funding analysts have rated the inventory with a maintain ranking and ten have issued a purchase ranking to the inventory. Primarily based on knowledge from MarketBeat.com, Corebridge Monetary has a consensus ranking of “Reasonable Purchase” and a consensus value goal of $34.46.
Learn Our Newest Analysis Report on Corebridge Monetary
Corebridge Monetary Firm Profile
Corebridge Monetary, Inc offers retirement options and insurance coverage merchandise in the US. The corporate operates via Particular person Retirement, Group Retirement, Life Insurance coverage, and Institutional Markets segments. The Particular person Retirement section offers fastened annuities, fastened index annuities, variable annuities, and retail mutual funds.
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