Yousif Capital Management LLC Buys 79,018 Shares of Corebridge Financial, Inc. $CRBG

Yousif Capital Management LLC increased its stake in Corebridge Financial, Inc. (NYSE:CRBG) by 873.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 88,066 shares of the company’s stock after purchasing an additional 79,018 shares during the quarter. Yousif Capital Management LLC’s holdings in Corebridge Financial were worth $2,591,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of CRBG. Goldman Sachs Group Inc. raised its holdings in Corebridge Financial by 229.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,300,030 shares of the company’s stock worth $41,042,000 after purchasing an additional 905,918 shares during the period. Focus Partners Wealth bought a new position in Corebridge Financial in the 1st quarter worth $384,000. Creative Planning bought a new position in Corebridge Financial in the 2nd quarter worth $243,000. EverSource Wealth Advisors LLC raised its holdings in Corebridge Financial by 58.8% during the second quarter. EverSource Wealth Advisors LLC now owns 4,558 shares of the company’s stock valued at $162,000 after acquiring an additional 1,688 shares during the period. Finally, Cerity Partners LLC raised its holdings in Corebridge Financial by 64.4% during the second quarter. Cerity Partners LLC now owns 92,554 shares of the company’s stock valued at $3,286,000 after acquiring an additional 36,239 shares during the period. 98.25% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CRBG has been the topic of a number of recent analyst reports. Morgan Stanley decreased their price target on Corebridge Financial from $35.00 to $32.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 3rd. Barclays decreased their price target on Corebridge Financial from $33.00 to $30.00 and set an “overweight” rating on the stock in a report on Wednesday, April 8th. UBS Group decreased their price target on Corebridge Financial from $35.00 to $33.00 and set a “neutral” rating on the stock in a report on Thursday, January 8th. Weiss Ratings cut Corebridge Financial from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, January 15th. Finally, Keefe, Bruyette & Woods decreased their price target on Corebridge Financial from $32.00 to $31.00 and set an “outperform” rating on the stock in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, Corebridge Financial has an average rating of “Moderate Buy” and a consensus price target of $35.55.

Corebridge Financial Trading Down 0.1%

Shares of Corebridge Financial stock opened at $24.43 on Monday. The firm has a market cap of $11.77 billion, a price-to-earnings ratio of -46.08, a PEG ratio of 0.39 and a beta of 1.12. The business has a 50-day moving average price of $26.48 and a 200-day moving average price of $29.25. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.11. Corebridge Financial, Inc. has a twelve month low of $22.19 and a twelve month high of $36.57.

Corebridge Financial (NYSE:CRBG) last issued its quarterly earnings data on Wednesday, February 11th. The company reported $1.22 earnings per share 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 positive return on equity of 18.92% and a negative net margin of 1.73%.During the same quarter last year, the business posted $1.06 earnings per share. Equities research analysts anticipate that Corebridge Financial, Inc. will post 5.43 EPS for the current fiscal year.

Corebridge Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th were given a dividend of $0.25 per share. The ex-dividend date was Tuesday, March 17th. This is a positive change from Corebridge Financial’s previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.1%. Corebridge Financial’s dividend payout ratio (DPR) is -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.