6,744 Shares in Corebridge Financial, Inc. (NYSE:CRBG) Acquired by Lester Murray Antman dba SimplyRich

Lester Murray Antman dba SimplyRich purchased a new position in shares of Corebridge Financial, Inc. (NYSE:CRBG) in the 4th quarter, Holdings Channel reports. The firm purchased 6,744 shares of the company’s stock, valued at approximately $201,000.

A number of other hedge funds also recently made changes to their positions in the stock. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Corebridge Financial in the third quarter worth $27,000. Fortitude Family Office LLC purchased a new stake in Corebridge Financial during the 4th quarter worth approximately $27,000. FNY Investment Advisers LLC acquired a new stake in Corebridge Financial in the fourth quarter valued at $27,000. Capital Performance Advisors LLP bought a new position in shares of Corebridge Financial during the third quarter worth about $28,000. Finally, ORG Wealth Partners LLC bought a new position in Corebridge Financial during the 3rd quarter worth approximately $29,000. Institutional investors and hedge funds own 98.25% of the company’s stock.

Insider Activity

In other news, major shareholder International Group American sold 121,956,256 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $31.47, for a total transaction of $3,837,963,376.32. Following the sale, the insider now owns 127,282,642 shares in the company, valued at $4,005,584,743.74. The trade was a 48.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.08% of the stock is currently owned by company insiders.

Corebridge Financial Stock Performance

CRBG opened at $33.17 on Wednesday. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.83. The firm has a market cap of $18.87 billion, a PE ratio of -15.87, a P/E/G ratio of 0.37 and a beta of 0.94. The business has a fifty day simple moving average of $31.39 and a 200-day simple moving average of $30.10. Corebridge Financial, Inc. has a fifty-two week low of $23.34 and a fifty-two week high of $34.66.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft raised shares of Corebridge Financial from a “hold” rating to a “buy” rating and boosted their price objective for the company from $33.00 to $40.00 in a research report on Friday, January 10th. Barclays upgraded shares of Corebridge Financial from an “equal weight” rating to an “overweight” rating and set a $37.00 target price for the company in a research report on Monday, January 6th. Piper Sandler increased their price target on Corebridge Financial from $34.00 to $35.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Wells Fargo & Company dropped their price target on shares of Corebridge Financial from $37.00 to $35.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 14th. Finally, DOWLING & PARTN cut Corebridge Financial from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $36.43.

Corebridge Financial Company Profile

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.