Strs Ohio Purchases Shares of 88,302 Corebridge Financial, Inc. (NYSE:CRBG)

Strs Ohio purchased a new stake in Corebridge Financial, Inc. (NYSE:CRBG - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 88,302 shares of the company's stock, valued at approximately $1,912,000.

Several other large investors have also recently modified their holdings of CRBG. EverSource Wealth Advisors LLC purchased a new stake in Corebridge Financial during the 3rd quarter worth approximately $28,000. Nomura Asset Management Co. Ltd. acquired a new position in Corebridge Financial during the first quarter worth $30,000. MetLife Investment Management LLC acquired a new position in Corebridge Financial during the fourth quarter worth $33,000. Advisor Group Holdings Inc. acquired a new position in Corebridge Financial during the fourth quarter worth $35,000. Finally, Steward Partners Investment Advisory LLC acquired a new stake in shares of Corebridge Financial in the fourth quarter valued at about $41,000. Institutional investors own 98.25% of the company's stock.

Analyst Upgrades and Downgrades

CRBG has been the subject of a number of recent research reports. Royal Bank of Canada reiterated an "outperform" rating and issued a $32.00 target price on shares of Corebridge Financial in a research report on Friday, April 12th. UBS Group raised their price objective on shares of Corebridge Financial from $22.00 to $28.00 and gave the company a "buy" rating in a research note on Wednesday, January 10th. The Goldman Sachs Group raised their target price on shares of Corebridge Financial from $27.00 to $31.00 and gave the company a "buy" rating in a report on Tuesday, January 9th. Keefe, Bruyette & Woods raised their price objective on shares of Corebridge Financial from $35.00 to $38.00 and gave the stock an "outperform" rating in a report on Wednesday, April 10th. Finally, Wells Fargo & Company lifted their target price on shares of Corebridge Financial from $30.00 to $33.00 and gave the company an "overweight" rating in a report on Thursday, April 11th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $29.08.

Corebridge Financial Trading Up 1.6 %

Shares of NYSE CRBG traded up $0.43 on Friday, reaching $26.98. 3,278,853 shares of the company traded hands, compared to its average volume of 3,989,242. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.92. Corebridge Financial, Inc. has a fifty-two week low of $14.91 and a fifty-two week high of $29.40. The stock has a market capitalization of $16.80 billion, a PE ratio of 15.96, a P/E/G ratio of 0.31 and a beta of 0.86. The company has a 50 day moving average of $26.15 and a 200 day moving average of $23.26.

Corebridge Financial (NYSE:CRBG - Get Free Report) last released its quarterly earnings results on Thursday, February 15th. The company reported $1.04 earnings per share for the quarter, topping analysts' consensus estimates of $0.99 by $0.05. The firm had revenue of $5.92 billion during the quarter, compared to analysts' expectations of $5.65 billion. Corebridge Financial had a return on equity of 23.11% and a net margin of 5.92%. Corebridge Financial's quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.88 EPS. On average, equities research analysts forecast that Corebridge Financial, Inc. will post 4.82 earnings per share for the current fiscal year.

Corebridge Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a $0.23 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.92 annualized dividend and a yield of 3.41%. Corebridge Financial's dividend payout ratio is presently 54.44%.

About Corebridge Financial

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.