As of close of business last night, Corebridge Financial Inc.’s stock clocked out at $24.50, down -1.33% from its previous closing price of $24.83. In other words, the price has decreased by -$0.33 from its previous closing price. On the day, 6393009 shares were traded. CRBG stock price reached its highest trading level at $25.37 during the session, while it also had its lowest trading level at $24.34.
Ratios:
To gain a deeper understanding of CRBG’s stock, we examine 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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Dec 18 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. The 10% Owner now owns 330,413,892 shares after completing the transaction at $20.50 per share. On Nov 08, 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 15.25B and an Enterprise Value of 26.51B. As of this moment, Corebridge’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14.53, and their Forward P/E ratio for the next fiscal year is 4.13. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.72. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.82 while its Price-to-Book (P/B) ratio in mrq is 1.29. Its current Enterprise Value per Revenue stands at 1.39 whereas that against EBITDA is 2.39.
Stock Price History:
Over the past 52 weeks, CRBG has reached a high of $25.79, while it has fallen to a 52-week low of $12.72. The 50-Day Moving Average of the stock is 23.73, while the 200-Day Moving Average is calculated to be 20.14.
Shares Statistics:
It appears that CRBG traded 4.16M shares on average per day over the past three months and 5.68M shares per day over the past ten days. A total of 621.66M shares are outstanding, with a floating share count of 238.28M. Insiders hold about 61.67% of the company’s shares, while institutions hold 90.20% stake in the company. Shares short for CRBG as of Feb 15, 2024 were 6.09M with a Short Ratio of 1.46, compared to 5.38M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 0.98% and a Short% of Float of 5.04%.
Dividends & Splits
With its trailing 12-month dividend rate of 0.92, CRBG has a forward annual dividend rate of 0.92. Against a Trailing Annual Dividend Yield of 3.71%, it implies a Forward Annual Dividend Yield of 3.76%.
Earnings Estimates
As of right now, 10 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $1.13 for the current quarter, with a high estimate of $1.28 and a low estimate of $1.08, while EPS last year was $0.97. The consensus estimate for the next quarter is $1.22, with high estimates of $1.29 and low estimates of $1.16.
Analysts are recommending an EPS of between $5.3 and $4.8 for the fiscal current year, implying an average EPS of $4.97. EPS for the following year is $5.93, with 11 analysts recommending between $6.15 and $5.57.
Revenue Estimates
In the current quarter, 4 analysts expect revenue to total $5.53B. It ranges from a high estimate of $5.99B to a low estimate of $5.19B. As of the current estimate, Corebridge Financial Inc.’s year-ago sales were $5.36B, an estimated increase of 3.20% from the year-ago figure. For the next quarter, 4 analysts are estimating revenue of $5.87B, an increase of 0.50% less than the figure of $3.20% in the same quarter last year. There is a high estimate of $6.43B for the next quarter, whereas the lowest estimate is $5.28B.
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 $21.32B, resulting in an average revenue estimate of $23.15B. In the same quarter a year ago, actual revenue was $21.21B, up 9.10% from the average estimate. Based on 4 analysts’ estimates, the company’s revenue will be $24.58B in the next fiscal year. The high estimate is $26.93B and the low estimate is $22.65B. The average revenue growth estimate for next year is up 6.20% from the average revenue estimate for this year.
