UBS Group AG Has $42.33 Million Stock Holdings in Corebridge Financial, Inc. $CRBG

UBS Group AG trimmed its position in Corebridge Financial, Inc. (NYSE:CRBG) by 18.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,403,099 shares of the company’s stock after selling 309,499 shares during the period. UBS Group AG’s holdings in Corebridge Financial were worth $42,331,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in Corebridge Financial by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 27,143,048 shares of the company’s stock valued at $818,906,000 after acquiring an additional 311,133 shares during the period. Pzena Investment Management LLC raised its position in shares of Corebridge Financial by 19.3% during the third quarter. Pzena Investment Management LLC now owns 22,329,199 shares of the company’s stock worth $715,651,000 after purchasing an additional 3,605,498 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Corebridge Financial by 6.9% during the third quarter. Dimensional Fund Advisors LP now owns 6,686,747 shares of the company’s stock worth $214,372,000 after purchasing an additional 430,308 shares during the period. LSV Asset Management lifted its holdings in shares of Corebridge Financial by 2.1% in the 3rd quarter. LSV Asset Management now owns 4,685,535 shares of the company’s stock worth $150,171,000 after purchasing an additional 98,435 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of Corebridge Financial by 42.8% in the 2nd quarter. Bank of America Corp DE now owns 2,884,599 shares of the company’s stock worth $102,403,000 after purchasing an additional 864,946 shares in the last quarter. Institutional investors own 98.25% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on CRBG shares. TD Cowen decreased their price target on shares of Corebridge Financial from $38.00 to $35.00 and set a “buy” rating for the company in a research note on Tuesday, March 10th. UBS Group dropped their price objective on shares of Corebridge Financial from $33.00 to $29.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 28th. Piper Sandler upgraded shares of Corebridge Financial to a “strong-buy” rating in a report on Thursday, April 2nd. Morgan Stanley decreased their target price on shares of Corebridge Financial from $35.00 to $32.00 and set an “equal weight” rating for the company in a research report on Tuesday, March 3rd. Finally, Zacks Research lowered shares of Corebridge Financial from a “hold” rating to a “strong sell” rating in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Corebridge Financial has an average rating of “Moderate Buy” and a consensus price target of $35.92.

Corebridge Financial News Roundup

Here are the key news stories impacting Corebridge Financial this week:

• Positive Sentiment: Mizuho raised its price target to $35 and kept an “outperform” rating, signaling analyst conviction and roughly a mid?20% upside vs. current levels. Benzinga
• Positive Sentiment: Keefe, Bruyette & Woods raised its target to $38 and maintained an “outperform” — one of the most bullish price targets on the stock, implying material upside if realized. Benzinga
• Positive Sentiment: Evercore ISI reiterated a Buy, reinforcing investor support from another institutional research shop. Evercore ISI Remains a Buy
• Positive Sentiment: Management’s Q1 earnings call was described as “impressive” and emphasized merger-driven earnings potential, which supports forward growth expectations. Earnings Call Summary
• Neutral Sentiment: AIG announced the sale of roughly 25 million Corebridge shares (its remaining stake). While the sale completes AIG’s exit and removes overhang, it also temporarily increases supply and could pressure the stock near-term. AIG Stake Sale
• Negative Sentiment: Zacks downgraded CRBG from “hold” to “strong sell,” introducing negative analyst sentiment that can amplify selling pressure despite other upgrades. Zacks Downgrade
• Negative Sentiment: Coverage flagged that the Corebridge–Equitable merger faces a complex web of approvals that could delay or derail the deal — a material execution risk that investors may penalize. Merger Approval Risks

Corebridge Financial Stock Down 1.4%

Shares of NYSE:CRBG opened at $28.06 on Thursday. The business’s 50 day moving average is $25.27 and its 200 day moving average is $28.63. Corebridge Financial, Inc. has a 12-month low of $22.19 and a 12-month high of $36.57. The stock has a market cap of $13.51 billion, a price-to-earnings ratio of 51.01, a PEG ratio of 0.40 and a beta of 1.18. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.14.

Corebridge Financial (NYSE:CRBG) last released its quarterly earnings results on Monday, May 4th. The company reported $1.05 EPS for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.02). Corebridge Financial had a net margin of 1.20% and a return on equity of 18.44%. The company had revenue of $4.09 billion during the quarter, compared to analysts’ expectations of $5.06 billion. During the same period in the previous year, the company posted $1.16 earnings per share. On average, sell-side analysts forecast that Corebridge Financial, Inc. will post 4.91 earnings per share for the current fiscal year.

Corebridge Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be issued a $0.25 dividend. The ex-dividend date is Tuesday, June 16th. This represents a $1.00 annualized dividend and a dividend yield of 3.6%. Corebridge Financial’s dividend payout ratio is currently 181.82%.

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.