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The closing price of Corebridge Financial Inc. (NYSE: CRBG) was $28.82 for the day, down -2.50% from the previous closing price of $29.56. In other words, the price has decreased by -$2.50 from its previous closing price. On the day, 2.79 million shares were traded. CRBG stock price reached its highest trading level at $29.71 during the session, while it also had its lowest trading level at $28.71.
Ratios:
Our analysis of CRBG’s different ratios will help us gain a deeper understanding of the company. In the meantime, Its Debt-to-Equity ratio is 1.07 whereas as Long-Term Debt/Eq ratio is at 1.04.
On June 29, 2023, UBS started tracking the stock assigning a Buy rating and target price of $22.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Aug 07 ’24 when AMERICAN INTERNATIONAL GROUP, sold 8,032,129 shares for $24.90 per share. The transaction valued at 200,000,012 led to the insider holds 284,238,898 shares of the business.
AMERICAN INTERNATIONAL GROUP, sold 1,932,609 shares of CRBG for $56,432,183 on Jul 02 ’24. The 10% Owner now owns 292,271,027 shares after completing the transaction at $29.20 per share. On Jun 03 ’24, another insider, AMERICAN INTERNATIONAL GROUP, , who serves as the 10% Owner of the company, sold 30,000,000 shares for $29.20 each. As a result, the insider received 876,000,000 and left with 294,203,636 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 17061843968 and an Enterprise Value of 23980828672. As of this moment, Corebridge’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.98, and their Forward P/E ratio for the next fiscal year is 5.08. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.56. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.94 while its Price-to-Book (P/B) ratio in mrq is 1.57. Its current Enterprise Value per Revenue stands at 1.302 whereas that against EBITDA is 13.308.
Stock Price History:
Over the past 52 weeks, CRBG has reached a high of $34.66, while it has fallen to a 52-week low of $16.63. The 50-Day Moving Average of the stock is 0.83%, while the 200-Day Moving Average is calculated to be 10.00%.
Shares Statistics:
CRBG traded an average of 3.53M shares per day over the past three months and 2594370 shares per day over the past ten days. A total of 621.66M shares are outstanding, with a floating share count of 253.49M. Insiders hold about 57.18% of the company’s shares, while institutions hold 43.26% stake in the company. Shares short for CRBG as of 1723680000 were 5364267 with a Short Ratio of 1.52, compared to 1721001600 on 7335179. Therefore, it implies a Short% of Shares Outstanding of 5364267 and a Short% of Float of 2.01.
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 0.03112314
