Corebridge Financial Inc. Has $864,000 Position in Donnelley Financial Solutions, Inc. (NYSE:DFIN)

Corebridge Financial Inc. cut its stake in shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 7.3% during the 4th quarter, Holdings Channel reports. The fund owned 13,769 shares of the company’s stock after selling 1,082 shares during the period. Corebridge Financial Inc.’s holdings in Donnelley Financial Solutions were worth $864,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Principal Securities Inc. grew its position in Donnelley Financial Solutions by 1,537.1% in the 4th quarter. Principal Securities Inc. now owns 1,015 shares of the company’s stock valued at $64,000 after purchasing an additional 953 shares during the period. Smartleaf Asset Management LLC grew its holdings in shares of Donnelley Financial Solutions by 584.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,156 shares of the company’s stock valued at $73,000 after buying an additional 987 shares during the last quarter. Point72 DIFC Ltd bought a new stake in shares of Donnelley Financial Solutions during the third quarter worth about $74,000. KBC Group NV raised its holdings in shares of Donnelley Financial Solutions by 52.7% in the 4th quarter. KBC Group NV now owns 1,550 shares of the company’s stock worth $97,000 after acquiring an additional 535 shares during the last quarter. Finally, Vestcor Inc bought a new position in Donnelley Financial Solutions in the 4th quarter valued at about $121,000. 93.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DFIN has been the subject of a number of recent research reports. DA Davidson decreased their price objective on Donnelley Financial Solutions from $76.00 to $72.00 and set a “buy” rating for the company in a report on Thursday, February 20th. Needham & Company LLC reiterated a “buy” rating and set a $72.00 price target on shares of Donnelley Financial Solutions in a report on Friday, March 28th.

Donnelley Financial Solutions Trading Down 3.6 %

Shares of DFIN stock opened at $40.38 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.15 and a current ratio of 1.04. The company has a market capitalization of $1.16 billion, a price-to-earnings ratio of 13.20 and a beta of 1.23. Donnelley Financial Solutions, Inc. has a 52-week low of $39.30 and a 52-week high of $71.01. The company has a 50-day simple moving average of $52.71 and a two-hundred day simple moving average of $59.24.

Donnelley Financial Solutions (NYSE:DFIN) last released its earnings results on Tuesday, February 18th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.22). Donnelley Financial Solutions had a net margin of 11.82% and a return on equity of 20.65%. The business had revenue of $156.30 million during the quarter, compared to the consensus estimate of $169.20 million.

Insider Activity

In other news, CEO Daniel Leib sold 25,000 shares of the company’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $50.14, for a total transaction of $1,253,500.00. Following the transaction, the chief executive officer now owns 515,191 shares of the company’s stock, valued at $25,831,676.74. This represents a 4.63 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gary G. Greenfield acquired 1,000 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The stock was purchased at an average cost of $48.89 per share, with a total value of $48,890.00. Following the acquisition, the director now owns 43,128 shares in the company, valued at $2,108,527.92. The trade was a 2.37 % increase in their position. The disclosure for this purchase can be found here. Insiders own 11.90% of the company’s stock.

About Donnelley Financial Solutions

Donnelley Financial Solutions, Inc provides innovative software and technology-enabled financial regulatory and compliance solutions in the United States, Asia, Europe, Canada, and internationally. It operates through four segments: Capital Markets Software Solutions (CM-SS); Capital Markets Compliance and Communications Management (CM-CCM); Investment Companies Software Solutions (IC-SS); and Investment Companies Compliance and Communications Management (IC-CCM).