In the pursuit of market outperformance, investors navigate the landscape of stock selection. The right picks can play a pivotal role in enhancing your wealth.
In the latest session, Corebridge Financial Inc. (NYSE: CRBG) closed at $26.55 up 0.68% from its previous closing price of $26.37. In other words, the price has increased by $0.68 from its previous closing price. On the day, 2.12 million shares were traded. CRBG stock price reached its highest trading level at $26.855 during the session, while it also had its lowest trading level at $26.41.
Ratios:
For a deeper understanding of Corebridge Financial Inc.’s stock, let’s take a closer look at its various ratios. In the meantime, Its Debt-to-Equity ratio is 1.01 whereas as Long-Term Debt/Eq ratio is at 0.99.
On June 29, 2023, UBS started tracking the stock assigning a Buy rating and target price of $22.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Dec 18 ’23 when AMERICAN INTERNATIONAL GROUP, sold 6,210,256 shares for $21.75 per share. The transaction valued at 135,073,068 led to the insider holds 324,203,636 shares of the business.
AMERICAN INTERNATIONAL GROUP, sold 35,000,000 shares of CRBG for $717,500,000 on Dec 05 ’23. The 10% Owner now owns 330,413,892 shares after completing the transaction at $20.50 per share. On Nov 08 ’23, another insider, AMERICAN INTERNATIONAL GROUP, , who serves as the 10% Owner of the company, sold 50,000,000 shares for $20.50 each. As a result, the insider received 1,025,000,000 and left with 365,413,892 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CRBG now has a Market Capitalization of 16528702464 and an Enterprise Value of 24324698112. As of this moment, Corebridge’s Price-to-Earnings (P/E) ratio for their current fiscal year is 15.74, and their Forward P/E ratio for the next fiscal year is 4.53. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.90. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.89 while its Price-to-Book (P/B) ratio in mrq is 1.40. Its current Enterprise Value per Revenue stands at 1.275 whereas that against EBITDA is 17.264.
Stock Price History:
Over the past 52 weeks, CRBG has reached a high of $29.40, while it has fallen to a 52-week low of $13.53. The 50-Day Moving Average of the stock is 2.64%, while the 200-Day Moving Average is calculated to be 25.39%.
Shares Statistics:
For the past three months, CRBG has traded an average of 4.41M shares per day and 3586710 over the past ten days. A total of 621.66M shares are outstanding, with a floating share count of 234.30M. Insiders hold about 62.36% of the company’s shares, while institutions hold 38.11% stake in the company. Shares short for CRBG as of 1711584000 were 17325607 with a Short Ratio of 3.93, compared to 1709164800 on 8009757. Therefore, it implies a Short% of Shares Outstanding of 17325607 and a Short% of Float of 14.330000000000002.
Dividends & Splits
According to the company, the forward annual dividend rate for CRBG is 0.92, from 0.92 in the trailing year.
Earnings Estimates
The stock of Corebridge Financial Inc. (CRBG) is currently drawing attention from Caribou Biosciences, Inc. analysts actively involved in the ongoing evaluation and rating process.The consensus estimate for the next quarter is $36.53, with high estimates of $0.02 and low estimates of $26.55.
Analysts are recommending an EPS of between $Technology and $Financial Services for the fiscal current year, implying an average EPS of $Healthcare.
