The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.
In the latest session, Corebridge Financial Inc (NYSE: CRBG) closed at $32.02 down -2.26% from its previous closing price of $32.76. In other words, the price has decreased by -$2.26 from its previous closing price. On the day, 6.06 million shares were traded.
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 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, BMO Capital Markets on January 23, 2025, initiated with a Outperform rating and assigned the stock a target price of $43.
On January 10, 2025, Deutsche Bank Upgraded its rating to Buy which previously was Hold and also upped its target price recommendation from $33 to $40.
Barclays Upgraded its Equal Weight to Overweight on January 06, 2025, while the target price for the stock was maintained at $37.
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 09 ’24 when AMERICAN INTERNATIONAL GROUP, sold 121,956,256 shares for $31.47 per share. The transaction valued at 3,838,012,159 led to the insider holds 127,282,642 shares of the business.
AMERICAN INTERNATIONAL GROUP, sold 30,000,000 shares of CRBG for $936,000,000 on Nov 07 ’24. The 10% Owner now owns 249,238,898 shares after completing the transaction at $31.20 per share. On Sep 16 ’24, another insider, AMERICAN INTERNATIONAL GROUP, , who serves as the 10% Owner of the company, sold 5,000,000 shares for $28.86 each. As a result, the insider received 144,300,000 and left with 279,238,898 shares of the company.
Valuation Measures:
As of this moment, Corebridge’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.46, and their Forward P/E ratio for the next fiscal year is 5.13. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.57. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.10 while its Price-to-Book (P/B) ratio in mrq is 1.35.
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 $23.34. The 50-Day Moving Average of the stock is 1.60%, while the 200-Day Moving Average is calculated to be 7.02%.
Shares Statistics:
A total of 568.87M shares are outstanding, with a floating share count of 377.92M. Insiders hold about 33.57% of the company’s shares, while institutions hold 63.89% stake in the company.
