Corebridge Financial Inc. (NYSE: CRBG) is 36.43% higher on its value in year-to-date trading and has touched a low of $16.39 and a high of $34.66 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 $29.75 in the last trading session, with the day’s loss setting it -0.2%.
Currently trading at $29.55, the stock is 0.01% and 0.03% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.67 million and changing -0.67% at the moment leaves the stock 16.93% off its SMA200. CRBG registered 67.68% gain for a year compared to 6-month gain of 19.98%.
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The stock witnessed a 1.48% loss in the last 1 month and extending the period to 3 months gives it a 11.26%, and is 1.90% up 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 2.38% over the week and 2.24% over the month.
Corebridge Financial Inc. (CRBG) has around 5700 employees, a market worth around $17.98B and $20.35B in sales. Current P/E ratio is 7.78 and Fwd P/E is 5.22. Profit margin for the company is 12.00%. Distance from 52-week low is 80.30% and -14.74% from its 52-week high. The company has generated returns on investments over the last 12 months (10.51%).
The EPS is expected to grow by 14.77% this year
The shares outstanding are 621.66M, and float is at 252.52M with Short Float at 2.90%.
Corebridge Financial Inc. (CRBG) Insider Activity
The most recent transaction is an insider sale by AMERICAN INTERNATIONAL GROUP, the company’s 10% Owner. SEC filings show that AMERICAN INTERNATIONAL GROUP, sold 1,932,609 shares of the company’s common stock on Jul 02 ’24 at a price of $29.20 per share for a total of $56.43 million. Following the sale, the insider now owns 292.27 million shares.
Corebridge Financial Inc. disclosed in a document filed with the SEC on Jun 03 ’24 that AMERICAN INTERNATIONAL GROUP, (10% Owner) sold a total of 30,000,000 shares of the company’s common stock. The trade occurred on Jun 03 ’24 and was made at $29.20 per share for $876.0 million. Following the transaction, the insider now directly holds 294.2 million shares of the CRBG stock.
Still, SEC filings show that on Dec 18 ’23, AMERICAN INTERNATIONAL GROUP, (10% Owner) disposed off 6,210,256 shares at an average price of $21.75 for $135.07 million. The insider now directly holds 324,203,636 shares of Corebridge Financial Inc. (CRBG).
