Corebridge Financial Inc. Has $4.69 Million Stock Holdings in Graham Holdings (NYSE:GHC)

Corebridge Financial Inc. lowered its position in shares of Graham Holdings (NYSE:GHC) by 6.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,377 shares of the company’s stock after selling 401 shares during the quarter. Corebridge Financial Inc.’s holdings in Graham were worth $4,688,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in GHC. Raymond James Financial Inc. acquired a new position in Graham during the fourth quarter worth $26,773,000. LPL Financial LLC bought a new stake in Graham during the 4th quarter worth about $8,726,000. FMR LLC grew its holdings in shares of Graham by 358.3% in the 3rd quarter. FMR LLC now owns 4,766 shares of the company’s stock valued at $3,916,000 after acquiring an additional 3,726 shares in the last quarter. Barclays PLC increased its position in shares of Graham by 32.4% in the third quarter. Barclays PLC now owns 13,601 shares of the company’s stock valued at $11,176,000 after acquiring an additional 3,327 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Graham by 10.1% during the third quarter. JPMorgan Chase & Co. now owns 21,128 shares of the company’s stock worth $17,361,000 after acquiring an additional 1,941 shares in the last quarter. 93.16% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CAO Marcel A. Snyman sold 159 shares of Graham stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $881.30, for a total transaction of $140,126.70. Following the completion of the transaction, the chief accounting officer now directly owns 442 shares in the company, valued at approximately $389,534.60. The trade was a 26.46 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 20.50% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded Graham from a “buy” rating to a “strong-buy” rating in a research note on Saturday.

Graham Stock Performance

NYSE GHC opened at $952.30 on Monday. The firm’s fifty day moving average price is $940.65 and its two-hundred day moving average price is $891.81. Graham Holdings has a 1 year low of $683.00 and a 1 year high of $993.49. The firm has a market capitalization of $4.13 billion, a P/E ratio of 18.65 and a beta of 1.12. The company has a current ratio of 1.57, a quick ratio of 1.34 and a debt-to-equity ratio of 0.18.

Graham Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 8th. Investors of record on Thursday, April 17th will be issued a dividend of $1.80 per share. This represents a $7.20 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend is Thursday, April 17th. Graham’s payout ratio is currently 4.37%.

About Graham

Graham Holdings Company, through its subsidiaries, operates as a diversified education and media company in the United States and internationally. It provides test preparation services and materials; professional training and exam preparation for professional certifications and licensures; and non-academic operations support services to the Purdue University Global; operations support services for online courses and programs; training and test preparation services for accounting and financial services professionals; English-language training, academic preparation programs, and test preparation for English proficiency exams; and A-level examination preparation services, as well as operates colleges, business school, higher education institution, and an online learning institution.