15 Small Cap Financial Stocks Hedge Funds Are Buying

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5. Corebridge Financial, Inc. (NYSE:CRBG)

Market Capitalization: $15.301 Billion

Number of Hedge Fund Holders: 43

Corebridge Financial, Inc. (NYSE:CRBG) is another financial services company based in America. It specializes in retirement solutions, operating through four core business segments including Individual Retirement, Group Retirement, Life Insurance, and Institutional Markets.

On April 11, Barclays maintained a Buy rating on the stock with a price target of $36. Since its IPO in 2023, Corebridge Financial, Inc. (NYSE:CRBG) has consistently delivered robust top and bottom-line growth. Over 5 years, the company has grown its top line by 7.13% and net income by more than 113%. During the fourth quarter of 2024 as well, the company delivered robust organic growth. As a result of effective balance sheet management, improved expense efficiency, and active capital management, the net income of the company made a dynamic turnaround from a loss of $1.3 billion in 2023 to $2.2 billion in the latest quarter. Moreover, the Group retirement segment delivered steady results, with advisory and brokerage sales up 31% year-over-year, though net outflows were impacted by plan losses and required distributions. It is one of the small-cap financial stocks hedge funds are buying.

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