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The price of Corebridge Financial Inc. (NYSE: CRBG) closed at $26.68 in the last session, down -1.77% from day before closing price of $27.16. In other words, the price has decreased by -$1.77 from its previous closing price. On the day, 3.7 million shares were traded. CRBG stock price reached its highest trading level at $27.07 during the session, while it also had its lowest trading level at $26.62.
Ratios:
We take a closer look at CRBG’s different ratios to gain a better understanding of the stock. In the meantime, Its Debt-to-Equity ratio is 1.01 whereas as Long-Term Debt/Eq ratio is at 0.99.
On June 29, 2023, UBS started tracking the stock assigning a Buy rating and target price of $22.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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 16908450816 and an Enterprise Value of 24405628928. As of this moment, Corebridge’s Price-to-Earnings (P/E) ratio for their current fiscal year is 15.82, and their Forward P/E ratio for the next fiscal year is 4.55. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.89. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.89 while its Price-to-Book (P/B) ratio in mrq is 1.41. Its current Enterprise Value per Revenue stands at 1.279 whereas that against EBITDA is 17.321.
Stock Price History:
Over the past 52 weeks, CRBG has reached a high of $29.40, while it has fallen to a 52-week low of $13.53. The 50-Day Moving Average of the stock is 1.75%, while the 200-Day Moving Average is calculated to be 24.52%.
Shares Statistics:
According to the various share statistics, CRBG traded on average about 4.48M shares per day over the past 3-months and 3177070 shares per day over the past 10 days. A total of 621.66M shares are outstanding, with a floating share count of 234.30M. Insiders hold about 62.36% of the company’s shares, while institutions hold 38.37% stake in the company. Shares short for CRBG as of 1713139200 were 24057001 with a Short Ratio of 5.37, compared to 1710460800 on 14614460. Therefore, it implies a Short% of Shares Outstanding of 24057001 and a Short% of Float of 19.900000000000002.
Dividends & Splits
The forward annual dividend rate for CRBG is 0.92, which was 0.92 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.033873346
