Schonfeld Strategic Advisors LLC Has $12.14 Million Stock Holdings in Corebridge Financial, Inc. (NYSE:CRBG)

Schonfeld Strategic Advisors LLC boosted its stake in Corebridge Financial, Inc. (NYSE:CRBG - Free Report) by 612.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 405,435 shares of the company's stock after acquiring an additional 348,505 shares during the period. Schonfeld Strategic Advisors LLC owned 0.07% of Corebridge Financial worth $12,135,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. FNY Investment Advisers LLC bought a new position in Corebridge Financial during the fourth quarter worth $27,000. Fortitude Family Office LLC bought a new position in shares of Corebridge Financial in the 4th quarter worth about $27,000. Smartleaf Asset Management LLC boosted its holdings in shares of Corebridge Financial by 112.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 907 shares of the company's stock valued at $27,000 after buying an additional 480 shares during the period. Oarsman Capital Inc. bought a new stake in shares of Corebridge Financial during the 4th quarter valued at about $30,000. Finally, Blue Trust Inc. raised its stake in Corebridge Financial by 183.2% during the fourth quarter. Blue Trust Inc. now owns 1,127 shares of the company's stock worth $33,000 after acquiring an additional 729 shares during the period. 98.25% of the stock is currently owned by institutional investors.

Corebridge Financial Price Performance

NYSE:CRBG traded up $0.64 during mid-day trading on Friday, reaching $30.59. 2,298,425 shares of the stock were exchanged, compared to its average volume of 3,505,847. Corebridge Financial, Inc. has a 1-year low of $23.69 and a 1-year high of $35.36. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $16.90 billion, a PE ratio of 8.09, a PEG ratio of 0.43 and a beta of 0.98. The business has a fifty day moving average price of $30.27 and a 200 day moving average price of $31.15.

Corebridge Financial (NYSE:CRBG - Get Free Report) last released its earnings results on Wednesday, February 12th. The company reported $1.23 EPS for the quarter, missing the consensus estimate of $1.27 by ($0.04). Corebridge Financial had a net margin of 11.39% and a return on equity of 22.69%. Research analysts expect that Corebridge Financial, Inc. will post 5.43 earnings per share for the current fiscal year.

Corebridge Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.14%. This is a positive change from Corebridge Financial's previous quarterly dividend of $0.23. Corebridge Financial's payout ratio is currently 25.40%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Barclays dropped their price target on Corebridge Financial from $37.00 to $36.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. UBS Group downgraded shares of Corebridge Financial from a "buy" rating to a "sell" rating and reduced their price target for the company from $40.00 to $28.00 in a report on Wednesday, April 2nd. Deutsche Bank Aktiengesellschaft raised shares of Corebridge Financial from a "hold" rating to a "buy" rating and increased their price objective for the stock from $33.00 to $40.00 in a report on Friday, January 10th. Keefe, Bruyette & Woods reduced their target price on shares of Corebridge Financial from $40.00 to $37.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Finally, Morgan Stanley cut their price target on Corebridge Financial from $43.00 to $32.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, Corebridge Financial currently has a consensus rating of "Moderate Buy" and a consensus price target of $36.15.

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.