Shares of Corebridge Financial rose to $33.85 during today's morning trading session. Despite the 12.2% change, the Large-Cap Life Insurance company still trades 7.73% above its average analyst target price of $31.42. So there may be further downside for the Life Insurance stock. Corebridge Financial has target prices ranging from $21.0 to $40.0 per share, and its average rating is buy.
The stock has an above average percentage of its shares sold short at 9.4%, and a short ratio of 7.22. The company's insiders own 0.24% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that a significant number of institutional investors are invested in the stock, with 104.6% of Corebridge Financial's shares being owned by this investor type.
Institutions Invested in Corebridge Financial
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-03-31 | American International Group, Inc. | 53% | 324,205,501 | $10,974,355,714 |
| 2024-03-31 | Blackstone Inc | 10% | 61,962,123 | $2,097,417,769 |
| 2024-03-31 | Capital Research Global Investors | 6% | 33,841,160 | $1,145,523,214 |
| 2024-03-31 | Vanguard Group Inc | 4% | 25,128,367 | $850,595,184 |
| 2024-03-31 | Price (T.Rowe) Associates Inc | 4% | 23,655,301 | $800,731,902 |
| 2024-03-31 | Harris Associates L.P. | 2% | 14,520,676 | $491,524,860 |
| 2023-12-31 | Norges Bank Investment Management | 2% | 10,413,730 | $352,504,744 |
| 2024-03-31 | Massachusetts Financial Services Co. | 2% | 9,971,102 | $337,521,787 |
| 2024-03-31 | Hotchkis & Wiley Capital Management, LLC | 2% | 9,962,072 | $337,216,121 |
| 2024-03-31 | TD Asset Management, Inc | 1% | 7,389,214 | $250,124,882 |
Besides an analyst consensus of little upside potential, other market factors point to there being mixed market sentiment on Corebridge Financial.
