Market Momentum: Corebridge Financial Inc (CRBG) Registers a 0.26 Increase, Closing at 30.76

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Corebridge Financial Inc (NYSE: CRBG) closed the day trading at $30.76 up 0.26% from the previous closing price of $30.68. In other words, the price has increased by $0.26 from its previous closing price. On the day, 5.86 million shares were traded. CRBG stock price reached its highest trading level at $31.2 during the session, while it also had its lowest trading level at $30.62.

Ratios:

For a better understanding of CRBG, let’s look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.88 whereas as Long-Term Debt/Eq ratio is at 0.88.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, TD Cowen on October 09, 2024, initiated with a Buy rating and assigned the stock a target price of $35.

On September 05, 2024, Barclays started tracking the stock assigning a Equal Weight rating and target price of $33.

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 Nov 07 ’24 when AMERICAN INTERNATIONAL GROUP, sold 30,000,000 shares for $31.20 per share. The transaction valued at 936,000,000 led to the insider holds 249,238,898 shares of the business.

AMERICAN INTERNATIONAL GROUP, sold 5,000,000 shares of CRBG for $144,300,000 on Sep 16 ’24. The 10% Owner now owns 279,238,898 shares after completing the transaction at $28.86 per share. On Sep 16 ’24, another insider, American International Group, , who serves as the 10% Owner of the company, bought 5,000,000 shares for $27.18 each.

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 17498441728 and an Enterprise Value of 24921444352. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.22 while its Price-to-Book (P/B) ratio in mrq is 1.30. Its current Enterprise Value per Revenue stands at 1.56 whereas that against EBITDA is -29.182.

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 $19.09. The 50-Day Moving Average of the stock is 3.41%, while the 200-Day Moving Average is calculated to be 9.08%.

Shares Statistics:

Over the past 3-months, CRBG traded about 3.36M shares per day on average, while over the past 10 days, CRBG traded about 5543680 shares per day. A total of 621.66M shares are outstanding, with a floating share count of 239.48M. Insiders hold about 57.90% of the company’s shares, while institutions hold 43.02% stake in the company. Shares short for CRBG as of 1730332800 were 8856110 with a Short Ratio of 2.64, compared to 1727654400 on 8925863. Therefore, it implies a Short% of Shares Outstanding of 8856110 and a Short% of Float of 3.63.

Dividends & Splits

CRBG’s forward annual dividend rate is 0.92, up from 0.92 a year ago. Against a Trailing Annual Dividend Yield of 0.029986963

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