Corebridge Financial Inc. Has $16.67 Million Stock Position in Casey’s General Stores, Inc. (NASDAQ:CASY)

Corebridge Financial Inc. lessened its stake in Casey’s General Stores, Inc. (NASDAQ:CASY) by 4.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,071 shares of the company’s stock after selling 1,889 shares during the quarter. Corebridge Financial Inc. owned 0.11% of Casey’s General Stores worth $16,670,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. YANKCOM Partnership acquired a new position in Casey’s General Stores in the 4th quarter worth $34,000. Endeavor Private Wealth Inc. bought a new stake in shares of Casey’s General Stores in the fourth quarter valued at about $36,000. MassMutual Private Wealth & Trust FSB boosted its position in shares of Casey’s General Stores by 24.2% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 149 shares of the company’s stock worth $59,000 after buying an additional 29 shares during the period. Heck Capital Advisors LLC bought a new position in shares of Casey’s General Stores during the fourth quarter worth about $79,000. Finally, V Square Quantitative Management LLC raised its position in Casey’s General Stores by 32.9% in the 4th quarter. V Square Quantitative Management LLC now owns 210 shares of the company’s stock valued at $83,000 after buying an additional 52 shares during the last quarter. Institutional investors own 85.63% of the company’s stock.

Insider Transactions at Casey’s General Stores

In other news, Director Mike Spanos bought 256 shares of the company’s stock in a transaction dated Thursday, March 13th. The stock was bought at an average price of $390.54 per share, with a total value of $99,978.24. Following the completion of the acquisition, the director now owns 3,356 shares of the company’s stock, valued at $1,310,652.24. This represents a 8.26 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.56% of the company’s stock.

Wall Street Analyst Weigh In

CASY has been the subject of a number of recent research reports. BMO Capital Markets reaffirmed a “market perform” rating and set a $450.00 price target (up previously from $400.00) on shares of Casey’s General Stores in a research report on Wednesday, December 18th. StockNews.com downgraded shares of Casey’s General Stores from a “buy” rating to a “hold” rating in a research report on Saturday, March 8th. Evercore ISI cut their price target on shares of Casey’s General Stores from $460.00 to $450.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 11th. Gordon Haskett upgraded Casey’s General Stores from a “hold” rating to a “buy” rating in a report on Thursday, February 13th. Finally, Royal Bank of Canada set a $438.00 target price on Casey’s General Stores and gave the stock a “sector perform” rating in a report on Wednesday, March 12th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $423.09.

Casey’s General Stores Stock Up 2.1 %

CASY stock opened at $412.50 on Tuesday. Casey’s General Stores, Inc. has a 1-year low of $306.45 and a 1-year high of $445.17. The business’s 50 day simple moving average is $410.60 and its 200 day simple moving average is $401.67. The company has a current ratio of 0.88, a quick ratio of 0.49 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $15.31 billion, a PE ratio of 28.75, a PEG ratio of 2.40 and a beta of 0.87.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings data on Tuesday, March 11th. The company reported $2.33 EPS for the quarter, beating the consensus estimate of $1.76 by $0.57. The firm had revenue of $3.90 billion for the quarter, compared to the consensus estimate of $3.74 billion. Casey’s General Stores had a net margin of 3.57% and a return on equity of 17.17%. The company’s quarterly revenue was up 17.2% on a year-over-year basis. During the same period in the previous year, the company earned $2.33 earnings per share. As a group, research analysts anticipate that Casey’s General Stores, Inc. will post 13.94 EPS for the current year.

Casey’s General Stores Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $2.00 annualized dividend and a yield of 0.48%. Casey’s General Stores’s dividend payout ratio (DPR) is presently 13.94%.

Casey’s General Stores Company Profile

Casey’s General Stores, Inc engages in the provision of management and operation of convenience stores and gasoline stations. It provides self-service gasoline, a wide selection of grocery items, and an array of freshly prepared food items. The firm offers food, beverages, tobacco products, health and beauty aids, automotive products, and other non-food items.