Corebridge Financial Inc. Sells 247 Shares of CRA International, Inc. (NASDAQ:CRAI)

Corebridge Financial Inc. lessened its position in shares of CRA International, Inc. (NASDAQ:CRAI) by 7.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,279 shares of the business services provider’s stock after selling 247 shares during the period. Corebridge Financial Inc.’s holdings in CRA International were worth $614,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. KLP Kapitalforvaltning AS bought a new position in shares of CRA International in the 4th quarter worth about $281,000. Harbor Capital Advisors Inc. increased its holdings in CRA International by 4.8% in the fourth quarter. Harbor Capital Advisors Inc. now owns 3,245 shares of the business services provider’s stock worth $607,000 after purchasing an additional 150 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in CRA International by 3.3% in the fourth quarter. Farther Finance Advisors LLC now owns 3,418 shares of the business services provider’s stock valued at $640,000 after buying an additional 108 shares during the period. Summit Global Investments bought a new position in shares of CRA International during the 4th quarter worth approximately $656,000. Finally, BNP Paribas Financial Markets grew its position in shares of CRA International by 102.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 5,348 shares of the business services provider’s stock worth $938,000 after buying an additional 2,700 shares during the period. Institutional investors and hedge funds own 84.13% of the company’s stock.

CRA International Stock Performance

Shares of NASDAQ:CRAI opened at $161.73 on Tuesday. The firm has a market cap of $1.10 billion, a P/E ratio of 24.00, a PEG ratio of 1.75 and a beta of 0.96. CRA International, Inc. has a 52-week low of $133.54 and a 52-week high of $214.01. The business’s 50 day simple moving average is $184.37 and its two-hundred day simple moving average is $186.19.

CRA International (NASDAQ:CRAI) last posted its quarterly earnings results on Thursday, February 20th. The business services provider reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.44. CRA International had a net margin of 6.79% and a return on equity of 25.95%. The business had revenue of $176.44 million during the quarter, compared to the consensus estimate of $166.29 million. On average, equities analysts forecast that CRA International, Inc. will post 7.52 earnings per share for the current fiscal year.

CRA International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Tuesday, March 4th were paid a dividend of $0.49 per share. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $1.96 dividend on an annualized basis and a yield of 1.21%. CRA International’s dividend payout ratio (DPR) is currently 29.08%.

Insider Buying and Selling at CRA International

In other news, CEO Paul A. Maleh sold 7,500 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $176.28, for a total value of $1,322,100.00. Following the transaction, the chief executive officer now owns 142,022 shares in the company, valued at $25,035,638.16. This trade represents a 5.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Daniel K. Mahoney sold 1,000 shares of CRA International stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $185.80, for a total value of $185,800.00. Following the transaction, the chief financial officer now directly owns 12,153 shares in the company, valued at approximately $2,258,027.40. The trade was a 7.60 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,850 shares of company stock worth $3,902,083. Insiders own 5.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Barrington Research raised their price target on shares of CRA International from $212.00 to $224.00 and gave the stock an “outperform” rating in a report on Monday, February 24th.

CRA International Company Profile

CRA International, Inc, together with its subsidiaries, provides economic, financial, and management consulting services worldwide. It advises clients on economic and financial matters pertaining to litigation and regulatory proceedings; and guides corporations through business strategy and performance-related issues.