Lester Murray Antman dba SimplyRich Invests $201,000 in Corebridge Financial, Inc. (NYSE:CRBG)

Lester Murray Antman dba SimplyRich acquired a new position in shares of Corebridge Financial, Inc. (NYSE:CRBG) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 6,744 shares of the company’s stock, valued at approximately $201,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Corebridge Financial during the third quarter valued at about $27,000. Fortitude Family Office LLC purchased a new stake in Corebridge Financial during the 4th quarter worth approximately $27,000. FNY Investment Advisers LLC acquired a new position in Corebridge Financial during the 4th quarter valued at approximately $27,000. Capital Performance Advisors LLP purchased a new position in shares of Corebridge Financial in the third quarter worth $28,000. Finally, ORG Wealth Partners LLC acquired a new stake in shares of Corebridge Financial during the third quarter worth $29,000. Hedge funds and other institutional investors own 98.25% of the company’s stock.

Insider Buying and Selling at Corebridge Financial

In other news, major shareholder International Group American sold 121,956,256 shares of the business’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $31.47, for a total transaction of $3,837,963,376.32. Following the transaction, the insider now owns 127,282,642 shares of the company’s stock, valued at approximately $4,005,584,743.74. The trade was a 48.93 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.08% of the stock is owned by corporate insiders.

Corebridge Financial Stock Performance

CRBG opened at $33.17 on Wednesday. The stock has a market cap of $18.87 billion, a P/E ratio of -15.87, a P/E/G ratio of 0.37 and a beta of 0.94. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.14 and a quick ratio of 0.14. The firm has a fifty day moving average price of $31.39 and a 200 day moving average price of $30.10. Corebridge Financial, Inc. has a 1 year low of $23.34 and a 1 year high of $34.66.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on CRBG shares. BMO Capital Markets started coverage on Corebridge Financial in a research report on Thursday, January 23rd. They issued an “outperform” rating and a $43.00 target price on the stock. Deutsche Bank Aktiengesellschaft raised Corebridge Financial from a “hold” rating to a “buy” rating and increased their price objective for the company from $33.00 to $40.00 in a report on Friday, January 10th. Morgan Stanley lifted their target price on Corebridge Financial from $31.00 to $34.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 5th. TD Cowen upped their target price on Corebridge Financial from $35.00 to $37.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Finally, Barclays raised shares of Corebridge Financial from an “equal weight” rating to an “overweight” rating and set a $37.00 price target for the company in a research report on Monday, January 6th. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $36.43.

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.