Corebridge Financial Inc. Sells 1,935 Shares of Hilltop Holdings Inc. (NYSE:HTH)

Corebridge Financial Inc. lowered its stake in Hilltop Holdings Inc. (NYSE:HTH) by 7.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 24,786 shares of the financial services provider’s stock after selling 1,935 shares during the period. Corebridge Financial Inc.’s holdings in Hilltop were worth $710,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of HTH. Venturi Wealth Management LLC purchased a new position in Hilltop in the 4th quarter worth approximately $27,000. Sunbelt Securities Inc. bought a new position in shares of Hilltop in the third quarter worth approximately $29,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Hilltop in the third quarter worth $49,000. KBC Group NV raised its holdings in Hilltop by 64.0% during the 4th quarter. KBC Group NV now owns 2,621 shares of the financial services provider’s stock valued at $75,000 after buying an additional 1,023 shares during the last quarter. Finally, FMR LLC boosted its position in Hilltop by 36.7% during the 3rd quarter. FMR LLC now owns 3,296 shares of the financial services provider’s stock valued at $106,000 after buying an additional 885 shares during the period. Institutional investors own 57.13% of the company’s stock.

Analyst Ratings Changes

HTH has been the topic of a number of analyst reports. Raymond James upgraded shares of Hilltop from an “underperform” rating to a “market perform” rating in a research report on Wednesday, April 2nd. Keefe, Bruyette & Woods reduced their price target on Hilltop from $35.00 to $34.00 and set a “market perform” rating on the stock in a report on Monday, February 3rd.

Hilltop Stock Down 1.0 %

NYSE:HTH opened at $28.52 on Monday. The firm’s fifty day simple moving average is $31.00 and its 200 day simple moving average is $30.83. The stock has a market cap of $1.85 billion, a P/E ratio of 16.39 and a beta of 1.00. Hilltop Holdings Inc. has a twelve month low of $26.67 and a twelve month high of $35.32.

Hilltop (NYSE:HTH) last posted its earnings results on Thursday, January 30th. The financial services provider reported $0.55 EPS for the quarter, topping the consensus estimate of $0.28 by $0.27. Hilltop had a net margin of 7.04% and a return on equity of 5.18%. On average, analysts expect that Hilltop Holdings Inc. will post 1.51 EPS for the current fiscal year.

Hilltop Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 27th. Shareholders of record on Thursday, February 13th were issued a dividend of $0.18 per share. This is an increase from Hilltop’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Thursday, February 13th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.52%. Hilltop’s dividend payout ratio is 41.38%.

Hilltop Company Profile

Hilltop Holdings Inc provides business and consumer banking services. It operates through three segments: Banking, Broker-Dealer, and Mortgage Origination. The Banking segment offers savings, checking, interest-bearing checking, and money market accounts; certificates of deposit; lines and letters of credit, home improvement and equity loans, loans for purchasing and carrying securities, term, agricultural and commercial real estate, equipment loans, and other lending products; and mortgage, commercial and industrial loans, and term and construction finance.