Corebridge Financial Inc. Has $814,000 Position in REV Group, Inc. (NYSE:REVG)

Corebridge Financial Inc. trimmed its stake in REV Group, Inc. (NYSE:REVG) by 7.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 25,531 shares of the company’s stock after selling 1,927 shares during the quarter. Corebridge Financial Inc.’s holdings in REV Group were worth $814,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of REVG. Vanguard Group Inc. boosted its holdings in REV Group by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 5,238,928 shares of the company’s stock worth $166,965,000 after acquiring an additional 39,323 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of REV Group during the fourth quarter worth approximately $364,000. American Century Companies Inc. lifted its holdings in shares of REV Group by 29.2% in the 4th quarter. American Century Companies Inc. now owns 144,526 shares of the company’s stock worth $4,606,000 after purchasing an additional 32,651 shares in the last quarter. RD Lewis Holdings Inc. bought a new position in shares of REV Group in the 4th quarter worth $228,000. Finally, Natixis Advisors LLC increased its stake in REV Group by 22.4% during the 4th quarter. Natixis Advisors LLC now owns 55,704 shares of the company’s stock valued at $1,775,000 after purchasing an additional 10,207 shares in the last quarter.

Insider Buying and Selling

In related news, CAO Joseph Ladue sold 4,533 shares of the stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $32.21, for a total transaction of $146,007.93. Following the sale, the chief accounting officer now owns 20,442 shares of the company’s stock, valued at approximately $658,436.82. This represents a 18.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.70% of the stock is owned by insiders.

REV Group Stock Performance

NYSE REVG opened at $29.21 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.43 and a current ratio of 1.72. The company has a market capitalization of $1.51 billion, a PE ratio of 6.51 and a beta of 1.21. The company has a 50-day simple moving average of $31.92 and a 200 day simple moving average of $30.85. REV Group, Inc. has a 52-week low of $20.51 and a 52-week high of $36.00.

REV Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be given a dividend of $0.06 per share. The ex-dividend date is Friday, March 28th. This represents a $0.24 dividend on an annualized basis and a yield of 0.82%. REV Group’s dividend payout ratio is presently 13.48%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on REVG shares. DA Davidson lifted their price objective on shares of REV Group from $33.00 to $39.00 and gave the company a “buy” rating in a report on Friday, December 13th. Robert W. Baird boosted their price objective on REV Group from $32.00 to $38.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Finally, The Goldman Sachs Group increased their price objective on REV Group from $25.00 to $28.50 and gave the stock a “sell” rating in a research note on Thursday, December 12th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, REV Group presently has a consensus rating of “Hold” and an average price target of $33.75.

About REV Group

REV Group, Inc, together with its subsidiaries, designs, manufactures, and distributes specialty vehicles, and related aftermarket parts and services in the United States, Canada, and internationally. It operates through three segments: Fire & Emergency, Commercial, and Recreation. The Fire & Emergency segment provides fire apparatus equipment under the Emergency One, Kovatch Mobile Equipment, Ferrara, Spartan Emergency Response, Smeal, Spartan Fire Chassis, and Ladder Tower brand names; and ambulances under the American Emergency Vehicles, Horton Emergency Vehicles, Leader Emergency Vehicles, Road Rescue, and Wheeled Coach brand names.