Mirae Asset Global Investments Co. Ltd. Has $399,000 Stock Position in Corebridge Financial, Inc. (NYSE:CRBG)

Mirae Asset Global Investments Co. Ltd. decreased its position in Corebridge Financial, Inc. (NYSE:CRBG - Free Report) by 78.0% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 12,629 shares of the company's stock after selling 44,725 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Corebridge Financial were worth $399,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC raised its stake in shares of Corebridge Financial by 112.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 907 shares of the company's stock worth $27,000 after purchasing an additional 480 shares in the last quarter. Oarsman Capital Inc. bought a new stake in shares of Corebridge Financial during the 4th quarter worth approximately $30,000. Sunbelt Securities Inc. bought a new stake in shares of Corebridge Financial during the 4th quarter worth approximately $30,000. Whittier Trust Co. of Nevada Inc. raised its stake in shares of Corebridge Financial by 58.4% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,147 shares of the company's stock worth $34,000 after purchasing an additional 423 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Corebridge Financial by 25.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,642 shares of the company's stock worth $49,000 after purchasing an additional 329 shares in the last quarter. Institutional investors own 98.25% of the company's stock.

Wall Street Analyst Weigh In

CRBG has been the topic of a number of analyst reports. Morgan Stanley upped their price objective on Corebridge Financial from $37.00 to $40.00 and gave the stock an "overweight" rating in a research note on Friday, June 27th. Piper Sandler upped their price objective on Corebridge Financial from $38.00 to $40.00 and gave the stock an "overweight" rating in a research note on Thursday. Wall Street Zen raised Corebridge Financial from a "sell" rating to a "hold" rating in a report on Saturday. Barclays boosted their target price on Corebridge Financial from $38.00 to $45.00 and gave the stock an "overweight" rating in a report on Thursday, June 26th. Finally, Wells Fargo & Company boosted their target price on Corebridge Financial from $37.00 to $42.00 and gave the stock an "overweight" rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $38.64.

Corebridge Financial Stock Performance

NYSE CRBG traded up $0.43 on Friday, reaching $35.78. The stock had a trading volume of 2,092,831 shares, compared to its average volume of 3,272,533. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.14 and a quick ratio of 0.14. The firm has a fifty day moving average of $32.60 and a two-hundred day moving average of $31.63. Corebridge Financial, Inc. has a 1-year low of $23.69 and a 1-year high of $36.08. The company has a market cap of $19.67 billion, a P/E ratio of 30.32, a price-to-earnings-growth ratio of 0.59 and a beta of 1.06.

Corebridge Financial (NYSE:CRBG - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The company reported $1.16 EPS for the quarter, beating analysts' consensus estimates of $1.15 by $0.01. Corebridge Financial had a return on equity of 22.19% and a net margin of 3.73%. The firm had revenue of $4.74 billion for the quarter, compared to analyst estimates of $5.28 billion. During the same period in the prior year, the firm posted $1.10 EPS. On average, equities research analysts anticipate that Corebridge Financial, Inc. will post 5.43 EPS for the current year.

Corebridge Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date was Monday, June 16th. Corebridge Financial's dividend payout ratio is 81.36%.

Corebridge Financial 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.