Corebridge Financial Inc. (NYSE: CRBG) is 36.15% higher on its value in year-to-date trading and has touched a low of $18.66 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 $29.84 in the last trading session, with the day’s loss setting it -0.35%.
Currently trading at $29.49, the stock is 4.15% and 5.73% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.66 million and changing -1.17% at the moment leaves the stock 8.52% off its SMA200. CRBG registered 56.39% gain for a year compared to 6-month loss of 8.38%. The firm has a 50-day simple moving average (SMA 50) of $27.8918 and a 200-day simple moving average (SMA200) of $27.17445.
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The stock witnessed a 9.18% gain in the last 1 month and extending the period to 3 months gives it a -1.54%, and is 3.11% 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 2.25% over the week and 2.37% over the month.
Corebridge Financial Inc. (CRBG) has around 5700 employees, a market worth around $17.46B and $18.12B in sales. Current P/E ratio is 9.19 and Fwd P/E is 5.28. Profit margin for the company is 11.23%. Distance from 52-week low is 58.04% and -14.92% from its 52-week high. The company has generated returns on investments over the last 12 months (9.05%).
with sales reaching $5.66B over the same period.The EPS is expected to grow by 13.64% this year, but quarterly earnings will post 3.00% year-over-year. Quarterly sales are estimated to grow 2.80% in year-over-year returns.
Corebridge Financial Inc. (CRBG) Top Institutional Holders
525.0 institutions hold shares in Corebridge Financial Inc. (CRBG), with institutional investors hold 101.47% of the company’s shares. The shares outstanding are 621.66M, and float is at 249.23M with Short Float at 2.95%. Institutions hold 101.22% of the Float.
The top institutional shareholder in the company is AMERICAN INTERNATIONAL GROUP, INC. with over 294.2 million shares valued at $8.57 billion. The investor’s holdings represent 47.148% of the CRBG Shares outstanding. As of 2024-06-30, the second largest holder is BLACKSTONE INC. with 61.96 million shares valued at $1.8 billion to account for 9.9298 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 23.44 million shares representing 3.7566% and valued at over $682.61 million, while HARRIS ASSOCIATES L P holds 3.7451 of the shares totaling 23.37 million with a market value of $680.51 million.
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 5,000,000 shares of the company’s common stock on Sep 16 ’24 at a price of $28.86 per share for a total of $144.3 million. Following the sale, the insider now owns 279.24 million shares.
Still, SEC filings show that on Aug 07 ’24, AMERICAN INTERNATIONAL GROUP, (10% Owner) disposed off 8,032,129 shares at an average price of $24.90 for $200.0 million. The insider now directly holds 284,238,898 shares of Corebridge Financial Inc. (CRBG).
