Corebridge Financial, Inc. $CRBG Shares Bought by Universal Beteiligungs und Servicegesellschaft mbH

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH increased its stake in Corebridge by 76.0% to 233,992 shares (worth about $7.07M) in Q4, and institutional investors/hedge funds now own roughly 98.25% of the stock, per the latest 13F filing.
• Wall Street consensus is a Moderate Buy with an average price target of $35.33, though several firms recently trimmed targets to around $31–$32; analyst breakdown: 1 Strong Buy, 8 Buy, 6 Hold.
• Corebridge raised its quarterly dividend to $0.25 (annualized $1.00, ~3.7% yield) and reported EPS and revenue beats for the quarter, but the share price is $26.71 with a negative P/E (-50.4) and below its 200‑day moving average.

Universal Beteiligungs und Servicegesellschaft mbH grew its stake in shares of Corebridge Financial, Inc. (NYSE:CRBG - Free Report) by 76.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 233,992 shares of the company's stock after acquiring an additional 101,077 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH's holdings in Corebridge Financial were worth $7,065,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Salomon & Ludwin LLC grew its holdings in Corebridge Financial by 179.7% during the 4th quarter. Salomon & Ludwin LLC now owns 828 shares of the company's stock worth $26,000 after acquiring an additional 532 shares in the last quarter. Krilogy Financial LLC boosted its holdings in shares of Corebridge Financial by 29.2% in the 4th quarter. Krilogy Financial LLC now owns 10,368 shares of the company's stock valued at $315,000 after buying an additional 2,342 shares during the period. Merit Financial Group LLC boosted its holdings in shares of Corebridge Financial by 61.4% in the 4th quarter. Merit Financial Group LLC now owns 12,990 shares of the company's stock valued at $392,000 after buying an additional 4,940 shares during the period. Key Capital Management INC acquired a new position in shares of Corebridge Financial in the 4th quarter valued at about $56,000. Finally, CWM LLC boosted its holdings in shares of Corebridge Financial by 50.5% in the 4th quarter. CWM LLC now owns 95,059 shares of the company's stock valued at $2,868,000 after buying an additional 31,892 shares during the period. 98.25% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently commented on CRBG. Keefe, Bruyette & Woods decreased their price target on shares of Corebridge Financial from $32.00 to $31.00 and set an "outperform" rating for the company in a report on Friday, April 10th. Wells Fargo & Company decreased their price target on shares of Corebridge Financial from $36.00 to $32.00 and set an "overweight" rating for the company in a report on Friday, April 10th. Piper Sandler raised shares of Corebridge Financial to a "strong-buy" rating in a report on Thursday, April 2nd. Zacks Research raised shares of Corebridge Financial from a "strong sell" rating to a "hold" rating in a report on Friday, March 6th. Finally, Mizuho decreased their price target on shares of Corebridge Financial from $39.00 to $31.00 and set an "outperform" rating for the company in a report on Monday, April 13th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $35.33.

Corebridge Financial Trading Up 1.6%

Corebridge Financial stock opened at $26.71 on Tuesday. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.11. The firm has a 50-day moving average price of $25.49 and a two-hundred day moving average price of $28.77. The firm has a market capitalization of $12.87 billion, a price-to-earnings ratio of -50.40, a PEG ratio of 0.36 and a beta of 1.12. Corebridge Financial, Inc. has a 52-week low of $22.19 and a 52-week high of $36.57.

Corebridge Financial (NYSE:CRBG - Get Free Report) last posted its earnings results on Wednesday, February 11th. The company reported $1.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.11 by $0.11. The firm had revenue of $6.34 billion during the quarter, compared to analyst estimates of $5.02 billion. Corebridge Financial had a negative net margin of 1.73% and a positive return on equity of 18.92%. During the same period in the previous year, the business posted $1.06 EPS. Sell-side analysts expect that Corebridge Financial, Inc. will post 4.95 earnings per share for the current year.

Corebridge Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend was Tuesday, March 17th. This is a positive change from Corebridge Financial's previous quarterly dividend of $0.24. Corebridge Financial's dividend payout ratio (DPR) is presently -188.68%.

Corebridge Financial Profile

Corebridge Financial NYSE: CRBG is a publicly traded provider of retirement, life insurance and asset management solutions. Formed from the separation of American International Group’s life and retirement operations, Corebridge focuses on helping individuals, employers and institutions manage retirement income, protect against longevity and mortality risks, and invest long-term savings. The company operates under a unified brand that brings together insurance products and investment capabilities to deliver integrated financial solutions.

Corebridge’s product suite includes retirement income and annuity products, individual and group life insurance, asset management and investment advisory services, and employer-sponsored retirement plan offerings.

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