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In the latest session, Corebridge Financial Inc. (NYSE: CRBG) closed at $29.55 down -2.31% from its previous closing price of $30.25. In other words, the price has decreased by -$2.31 from its previous closing price. On the day, 3.41 million shares were traded. CRBG stock price reached its highest trading level at $30.62 during the session, while it also had its lowest trading level at $29.405.
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 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 18073991168 and an Enterprise Value of 26230980608. As of this moment, Corebridge’s Price-to-Earnings (P/E) ratio for their current fiscal year is 7.78, and their Forward P/E ratio for the next fiscal year is 5.06. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.42. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.87 while its Price-to-Book (P/B) ratio in mrq is 1.57. Its current Enterprise Value per Revenue stands at 1.27 whereas that against EBITDA is 10.724.
Stock Price History:
The Beta on a monthly basis for CRBG is 1.02, which has changed by 0.77584136 over the last 52 weeks, in comparison to a change of 0.26265144 over the same period for the S&P500. Over the past 52 weeks, CRBG has reached a high of $30.98, while it has fallen to a 52-week low of $14.67. The 50-Day Moving Average of the stock is 9.57%, while the 200-Day Moving Average is calculated to be 34.35%.
Shares Statistics:
For the past three months, CRBG has traded an average of 4.81M shares per day and 4666910 over the past ten days. A total of 621.66M shares are outstanding, with a floating share count of 230.17M. Insiders hold about 62.37% of the company’s shares, while institutions hold 41.24% stake in the company. Shares short for CRBG as of 1714435200 were 26910258 with a Short Ratio of 5.59, compared to 1711584000 on 17325607. Therefore, it implies a Short% of Shares Outstanding of 26910258 and a Short% of Float of 9.39.
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 0.030413223
Earnings Estimates
A detailed examination of Corebridge Financial Inc. (CRBG) is currently in progress, with 12.0 analysts providing valuable insights into its market dynamics.On average, analysts expect EPS of $1.05 for the current quarter, with a high estimate of $1.14 and a low estimate of $0.93, while EPS last year was $0.97. The consensus estimate for the next quarter is $1.2, with high estimates of $1.25 and low estimates of $1.14.
Analysts are recommending an EPS of between $5.0 and $4.8 for the fiscal current year, implying an average EPS of $4.92. EPS for the following year is $5.87, with 11.0 analysts recommending between $6.15 and $5.65.
Revenue Estimates
For the next quarter, 4 analysts are estimating revenue of $5.81B. There is a high estimate of $6.06B for the next quarter, whereas the lowest estimate is $5.3B.
A total of 4 analysts have provided revenue estimates for CRBG’s current fiscal year. The highest revenue estimate was $24.84B, while the lowest revenue estimate was $22.05B, resulting in an average revenue estimate of $23.68B. In the same quarter a year ago, actual revenue was $21.21BBased on 4 analysts’ estimates, the company’s revenue will be $24.79B in the next fiscal year. The high estimate is $26.25B and the low estimate is $22.58B.
