Corebridge Financial Inc. Lowers Stake in OneSpan Inc. (NASDAQ:OSPN)

Corebridge Financial Inc. lowered its holdings in OneSpan Inc. (NASDAQ:OSPN) by 7.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,827 shares of the company’s stock after selling 1,421 shares during the period. Corebridge Financial Inc.’s holdings in OneSpan were worth $349,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in OSPN. Raymond James Financial Inc. purchased a new position in shares of OneSpan in the 4th quarter worth about $44,699,000. JPMorgan Chase & Co. lifted its position in shares of OneSpan by 177.5% during the third quarter. JPMorgan Chase & Co. now owns 1,106,806 shares of the company’s stock worth $18,450,000 after purchasing an additional 708,020 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of OneSpan by 46.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 495,210 shares of the company’s stock valued at $9,181,000 after purchasing an additional 157,387 shares during the period. 272 Capital LP acquired a new position in shares of OneSpan in the third quarter worth about $1,659,000. Finally, Alberta Investment Management Corp purchased a new position in OneSpan in the fourth quarter valued at about $984,000. 95.52% of the stock is currently owned by hedge funds and other institutional investors.

OneSpan Price Performance

Shares of OSPN opened at $14.91 on Thursday. The company has a 50-day moving average of $16.77 and a two-hundred day moving average of $17.23. The stock has a market cap of $569.20 million, a price-to-earnings ratio of 20.15 and a beta of 1.03. OneSpan Inc. has a one year low of $9.68 and a one year high of $20.37.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. StockNews.com downgraded shares of OneSpan from a “buy” rating to a “hold” rating in a research note on Friday, March 28th. Rosenblatt Securities boosted their price objective on OneSpan from $18.00 to $22.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, OneSpan has a consensus rating of “Moderate Buy” and an average price target of $17.63.

About OneSpan

OneSpan Inc, together with its subsidiaries, designs, develops, and markets digital solutions for identity, authentication, and secure digital agreements worldwide. The company offers OneSpan Sign, a range of e-signature requirements for occasional agreement to processing tens of thousands of transactions; OneSpan Cloud Authentication, a cloud-based multifactor authentication solution that supports a range of authentication options, including biometrics, push notification, and visual cryptograms for transaction data security, SMS, and hardware authenticators; and OneSpan Identity Verification, which enables banks and financial institutions identity verification services.