Corebridge Financial Inc. Has $7.64 Million Stock Position in Autoliv, Inc. (NYSE:ALV)

Corebridge Financial Inc. trimmed its stake in shares of Autoliv, Inc. (NYSE:ALV) by 5.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 81,478 shares of the auto parts company’s stock after selling 4,437 shares during the quarter. Corebridge Financial Inc. owned about 0.10% of Autoliv worth $7,642,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. UMB Bank n.a. grew its holdings in Autoliv by 139.5% in the 4th quarter. UMB Bank n.a. now owns 273 shares of the auto parts company’s stock valued at $26,000 after buying an additional 159 shares in the last quarter. AlphaQuest LLC increased its stake in shares of Autoliv by 74.4% in the 4th quarter. AlphaQuest LLC now owns 314 shares of the auto parts company’s stock valued at $29,000 after purchasing an additional 134 shares during the last quarter. Fred Alger Management LLC acquired a new position in Autoliv during the third quarter worth about $45,000. Twin Tree Management LP acquired a new position in Autoliv during the 4th quarter worth approximately $50,000. Finally, CIBC Asset Management Inc lifted its stake in shares of Autoliv by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 2,501 shares of the auto parts company’s stock valued at $235,000 after acquiring an additional 124 shares during the last quarter. Institutional investors own 69.57% of the company’s stock.

Autoliv Stock Performance

Shares of ALV opened at $91.45 on Friday. The stock’s fifty day moving average price is $95.67 and its two-hundred day moving average price is $95.64. Autoliv, Inc. has a 1 year low of $87.55 and a 1 year high of $129.38. The firm has a market cap of $7.11 billion, a PE ratio of 11.33, a PEG ratio of 0.73 and a beta of 1.59. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.96 and a quick ratio of 0.71.

Autoliv (NYSE:ALV) last released its quarterly earnings data on Friday, January 31st. The auto parts company reported $3.05 earnings per share for the quarter, beating analysts’ consensus estimates of $2.84 by $0.21. Autoliv had a net margin of 6.21% and a return on equity of 28.62%. On average, equities research analysts forecast that Autoliv, Inc. will post 9.51 EPS for the current year.

Autoliv Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Friday, March 7th were paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.06%. The ex-dividend date was Friday, March 7th. Autoliv’s dividend payout ratio is presently 34.70%.

Insider Buying and Selling

In other news, CEO Mikael Bratt sold 5,760 shares of the company’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $98.90, for a total value of $569,664.00. Following the completion of the sale, the chief executive officer now owns 23,307 shares of the company’s stock, valued at approximately $2,305,062.30. This represents a 19.82 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Per Jonas Jademyr sold 401 shares of the firm’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $98.85, for a total value of $39,638.85. Following the transaction, the executive vice president now directly owns 685 shares in the company, valued at $67,712.25. This trade represents a 36.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,253 shares of company stock worth $915,534. Corporate insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. TD Cowen initiated coverage on shares of Autoliv in a research report on Friday, March 7th. They set a “buy” rating and a $116.00 target price on the stock. Cowen began coverage on Autoliv in a research note on Thursday, March 6th. They set a “buy” rating for the company. Daiwa America upgraded shares of Autoliv from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 7th. Hsbc Global Res lowered Autoliv from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Finally, StockNews.com raised shares of Autoliv from a “hold” rating to a “buy” rating in a research report on Friday, March 14th. Nine equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $117.14.

Autoliv Profile

Autoliv, Inc, through its subsidiaries, develops, manufactures, and supplies passive safety systems to the automotive industry in Europe, the Americas, China, Japan, and rest of Asia. It offers passive safety systems, including modules and components for frontal-impact airbag protection systems, side-impact airbag protection systems, seatbelts, steering wheels, and inflator technologies.