After finishing at $28.31 in the prior trading day, Corebridge Financial Inc. (NYSE: CRBG) closed at $27.21, down -3.89%. In other words, the price has decreased by -$1.10 from its previous closing price. On the day, 4950148 shares were traded.
Ratios:
Our goal is to gain a better understanding of CRBG by taking a closer look at its different 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 16.94B and an Enterprise Value of 28.20B. As of this moment, Corebridge’s Price-to-Earnings (P/E) ratio for their current fiscal year is 16.13, and their Forward P/E ratio for the next fiscal year is 4.63. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.91. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.91 while its Price-to-Book (P/B) ratio in mrq is 1.44. Its current Enterprise Value per Revenue stands at 1.48 whereas that against EBITDA is 2.55.
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 25.52, while the 200-Day Moving Average is calculated to be 21.40.
Shares Statistics:
The stock has traded on average 4.45M shares per day over the past 3-months and 4.71M shares per day over the last 10 days, according to various share statistics. A total of 621.66M shares are outstanding, with a floating share count of 234.34M. Insiders hold about 62.36% of the company’s shares, while institutions hold 38.02% stake in the company. Shares short for CRBG as of Mar 15, 2024 were 14.61M with a Short Ratio of 3.29, compared to 6.09M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.35% and a Short% of Float of 12.09%.
Dividends & Splits
In the trailing 12 months, CRBG’s forward annual dividend rate was 0.92, compared to 0.92 this year. Against a Trailing Annual Dividend Yield of 3.25%, it implies a Forward Annual Dividend Yield of 3.27%.
Earnings Estimates
Its stock is currently analyzed by 11 different market analysts. On average, analysts expect EPS of $1.1 for the current quarter, with a high estimate of $1.19 and a low estimate of $0.93, while EPS last year was $0.97. The consensus estimate for the next quarter is $1.21, with high estimates of $1.27 and low estimates of $1.16.
Analysts are recommending an EPS of between $5.08 and $4.45 for the fiscal current year, implying an average EPS of $4.91. EPS for the following year is $5.87, with 11 analysts recommending between $6.15 and $5.57.
Revenue Estimates
4 analysts predict $5.51B in revenue for the current quarter. It ranges from a high estimate of $5.99B to a low estimate of $5.1B. As of the current estimate, Corebridge Financial Inc.’s year-ago sales were $5.36B, an estimated increase of 2.70% from the year-ago figure. For the next quarter, 4 analysts are estimating revenue of $5.87B, an increase of 0.40% less than the figure of $2.70% in the same quarter last year. There is a high estimate of $6.43B for the next quarter, whereas the lowest estimate is $5.27B.
A total of 4 analysts have provided revenue estimates for CRBG’s current fiscal year. The highest revenue estimate was $24.82B, while the lowest revenue estimate was $21.19B, resulting in an average revenue estimate of $23.12B. In the same quarter a year ago, actual revenue was $21.21B, up 9.00% from the average estimate. Based on 4 analysts’ estimates, the company’s revenue will be $24.56B in the next fiscal year. The high estimate is $26.93B and the low estimate is $22.58B. The average revenue growth estimate for next year is up 6.20% from the average revenue estimate for this year.
