Guidewire Software, Inc. $GWRE Shares Acquired by Corebridge Financial Inc.

Key Points

• Corebridge Financial Inc. increased its stake in Guidewire Software by 9,192.8%, owning 92,649 shares valued at approximately $17.4 million.
• Guidewire Software reported a quarterly earnings per share of $0.88, exceeding estimates and showing a 22% increase in revenue year-over-year.
• Multiple analysts have recently upgraded their ratings for Guidewire, with target prices rising to as high as $275, indicating a generally positive outlook for the company.

Corebridge Financial Inc. lifted its holdings in Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 9,192.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 92,649 shares of the technology company's stock after buying an additional 91,652 shares during the period. Corebridge Financial Inc. owned about 0.11% of Guidewire Software worth $17,359,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. ANB Bank lifted its holdings in shares of Guidewire Software by 3.5% in the 1st quarter. ANB Bank now owns 1,590 shares of the technology company's stock worth $298,000 after acquiring an additional 54 shares during the last quarter. Brooklyn Investment Group grew its holdings in shares of Guidewire Software by 38.3% in the first quarter. Brooklyn Investment Group now owns 224 shares of the technology company's stock worth $42,000 after purchasing an additional 62 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Guidewire Software by 70.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 170 shares of the technology company's stock worth $32,000 after purchasing an additional 70 shares during the last quarter. Fifth Third Bancorp grew its holdings in shares of Guidewire Software by 16.4% in the first quarter. Fifth Third Bancorp now owns 569 shares of the technology company's stock worth $107,000 after purchasing an additional 80 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. grew its holdings in shares of Guidewire Software by 2.2% in the first quarter. Resona Asset Management Co. Ltd. now owns 3,678 shares of the technology company's stock worth $689,000 after purchasing an additional 80 shares during the last quarter.

Analysts Set New Price Targets

A number of research analysts have recently commented on GWRE shares. JPMorgan Chase & Co. upped their price target on shares of Guidewire Software from $271.00 to $288.00 and gave the stock an "overweight" rating in a report on Wednesday, June 25th. DA Davidson restated a "neutral" rating and issued a $226.00 price objective on shares of Guidewire Software in a report on Wednesday, June 4th. Bank of America lifted their price objective on Guidewire Software from $135.00 to $160.00 and gave the company an "underperform" rating in a report on Wednesday, June 4th. Royal Bank Of Canada restated an "outperform" rating and issued a $290.00 price objective on shares of Guidewire Software in a report on Monday, June 23rd. Finally, Stifel Nicolaus lifted their price objective on Guidewire Software from $230.00 to $270.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Nine research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Guidewire Software currently has a consensus rating of "Moderate Buy" and a consensus price target of $258.08.

Insider Transactions at Guidewire Software

In other Guidewire Software news, President John P. Mullen sold 3,000 shares of Guidewire Software stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $223.28, for a total transaction of $669,840.00. Following the completion of the sale, the president owned 143,489 shares of the company's stock, valued at approximately $32,038,223.92. The trade was a 2.05% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $214.70, for a total value of $300,580.00. Following the transaction, the chief executive officer owned 224,668 shares of the company's stock, valued at $48,236,219.60. The trade was a 0.62% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 26,541 shares of company stock worth $6,037,939. Company insiders own 0.48% of the company's stock.

Guidewire Software Stock Down 0.6%

GWRE stock traded down $1.34 during trading on Friday, reaching $217.37. 558,312 shares of the company traded hands, compared to its average volume of 586,175. Guidewire Software, Inc. has a 12 month low of $142.94 and a 12 month high of $263.20. The business has a 50 day simple moving average of $222.53 and a 200 day simple moving average of $211.59. The company has a market capitalization of $18.30 billion, a price-to-earnings ratio of 543.42, a price-to-earnings-growth ratio of 15.30 and a beta of 1.16. The company has a debt-to-equity ratio of 0.49, a quick ratio of 3.23 and a current ratio of 3.23.

Guidewire Software (NYSE:GWRE - Get Free Report) last announced its earnings results on Tuesday, June 3rd. The technology company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.41. The company had revenue of $293.51 million for the quarter, compared to analyst estimates of $286.40 million. Guidewire Software had a return on equity of 6.96% and a net margin of 3.04%.The firm's quarterly revenue was up 22.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.26 EPS. Guidewire Software has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, equities research analysts anticipate that Guidewire Software, Inc. will post 0.52 earnings per share for the current fiscal year.

About Guidewire Software

Guidewire Software, Inc provides a platform for property and casualty (P&C) insurers worldwide. The company offers Guidewire InsuranceSuite Cloud, such as PolicyCenter Cloud, BillingCenter Cloud, and ClaimCenter Cloud applications. It also provides Guidewire InsuranceNow, a cloud-based platform that offers policy, billing, and claims management functionality to insurers; and Guidewire InsuranceSuite for Self-Managed.