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In the latest session, Corebridge Financial Inc. (NYSE: CRBG) closed at $30.12 up 0.74% from its previous closing price of $29.90. In other words, the price has increased by $0.74 from its previous closing price. On the day, 2.77 million shares were traded. CRBG stock price reached its highest trading level at $30.405 during the session, while it also had its lowest trading level at $29.87.
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 1.03 whereas as Long-Term Debt/Eq ratio is at 1.01.
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 Jul 02 ’24 when AMERICAN INTERNATIONAL GROUP, sold 1,932,609 shares for $29.20 per share. The transaction valued at 56,432,183 led to the insider holds 292,271,027 shares of the business.
AMERICAN INTERNATIONAL GROUP, sold 30,000,000 shares of CRBG for $876,000,000 on Jun 03 ’24. The 10% Owner now owns 294,203,636 shares after completing the transaction at $29.20 per share. On Dec 18 ’23, another insider, AMERICAN INTERNATIONAL GROUP, , who serves as the 10% Owner of the company, sold 6,210,256 shares for $21.75 each. As a result, the insider received 135,073,068 and left with 324,203,636 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 18326091776 and an Enterprise Value of 26579615744. As of this moment, Corebridge’s Price-to-Earnings (P/E) ratio for their current fiscal year is 7.93, and their Forward P/E ratio for the next fiscal year is 5.34. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.51. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.90 while its Price-to-Book (P/B) ratio in mrq is 1.60. Its current Enterprise Value per Revenue stands at 1.289 whereas that against EBITDA is 10.997.
Stock Price History:
The Beta on a monthly basis for CRBG is 0.99, which has changed by 0.557394 over the last 52 weeks, in comparison to a change of 0.24125004 over the same period for the S&P500. Over the past 52 weeks, CRBG has reached a high of $34.66, while it has fallen to a 52-week low of $16.39. The 50-Day Moving Average of the stock is 1.76%, while the 200-Day Moving Average is calculated to be 22.06%.
Shares Statistics:
For the past three months, CRBG has traded an average of 4.41M shares per day and 2847340 over the past ten days. A total of 621.66M shares are outstanding, with a floating share count of 252.52M. Insiders hold about 58.50% of the company’s shares, while institutions hold 40.86% stake in the company. Shares short for CRBG as of 1719532800 were 9142448 with a Short Ratio of 2.07, compared to 1717113600 on 10522087. Therefore, it implies a Short% of Shares Outstanding of 9142448 and a Short% of Float of 3.2300000000000004.
Dividends & Splits
According to the company, the forward annual dividend rate for CRBG is 0.92, from 0.92 in the trailing year. Against a Trailing Annual Dividend Yield of 0.03076923
