Corebridge Financial Inc. (NYSE: CRBG) is 23.78% higher on its value in year-to-date trading and has touched a low of $13.53 and a high of $29.40 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CRBG stock was last observed hovering at around $26.66 in the last trading session, with the day’s gains setting it 0.15%.
Currently trading at $26.81, the stock is -3.10% and 4.13% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.54 million and changing 0.56% at the moment leaves the stock 27.22% off its SMA200. CRBG registered 82.78% gain for a year compared to 6-month gain of 38.04%.
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The stock witnessed a 5.51% loss in the last 1 month and extending the period to 3 months gives it a 9.92%, and is -1.47% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.53% over the week and 2.92% over the month.
Corebridge Financial Inc. (CRBG) has around 5700 employees, a market worth around $16.69B and $18.62B in sales. Current P/E ratio is 15.90 and Fwd P/E is 4.57. Profit margin for the company is 5.93%. Distance from 52-week low is 98.10% and -8.81% from its 52-week high. The company has generated returns on investments over the last 12 months (4.72%).
The EPS is expected to grow by 18.97% this year.
Corebridge Financial Inc. (CRBG) Top Institutional Holders
The shares outstanding are 621.66M, and float is at 234.30M with Short Float at 7.39%.
Corebridge Financial Inc. (CRBG) Insider Activity
The most recent transaction is an insider sale by AMERICAN INTERNATIONAL GROUP,the company’s10% Owner. SEC filings show that AMERICAN INTERNATIONAL GROUP, sold 6,210,256 shares of the company’s common stock on Dec 18 ’23 at a price of $21.75 per share for a total of $135.07 million. Following the sale, the insider now owns 324.2 million shares.
Corebridge Financial Inc. disclosed in a document filed with the SEC on Dec 05 ’23 that AMERICAN INTERNATIONAL GROUP, (10% Owner) sold a total of 35,000,000 shares of the company’s common stock. The trade occurred on Dec 05 ’23 and was made at $20.50 per share for $717.5 million. Following the transaction, the insider now directly holds 330.41 million shares of the CRBG stock.
Still, SEC filings show that on Nov 08 ’23, AMERICAN INTERNATIONAL GROUP, (10% Owner) disposed off 50,000,000 shares at an average price of $20.50 for $1.02 billion. The insider now directly holds 365,413,892 shares of Corebridge Financial Inc. (CRBG).
