Corebridge Financial Inc (NYSE: CRBG) is -0.30% lower on its value in year-to-date trading and has touched a low of $23.01 and a high of $34.66 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CRBG stock was last observed hovering at around $29.61 in the last trading session, with the day’s gains setting it 0.23%.
Currently trading at $29.84, the stock is -1.07% and -3.42% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.31 million and changing 0.78% at the moment leaves the stock 1.65% off its SMA200. CRBG registered 24.44% gain for a year compared to 6-month gain of -0.20%. The firm has a 50-day simple moving average (SMA 50) of $30.9414 and a 200-day simple moving average (SMA200) of $29.3477.
The stock witnessed a -1.84% loss in the last 1 month and extending the period to 3 months gives it a -1.62%, and is -4.02% 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 2.66% over the week and 2.40% over the month.
Corebridge Financial Inc (CRBG) has around 5700 employees, a market worth around $16.98B and $14.40B in sales. Fwd P/E is 5.43. Profit margin for the company is -8.68%. Distance from 52-week low is 29.68% and -13.91% from its 52-week high. The company has generated returns on investments over the last 12 months (-4.88%).
with sales reaching $5.97B over the same period.The EPS is expected to grow by 16.95% this year, but quarterly earnings will post -2.67% year-over-year. Quarterly sales are estimated to grow 0.87% in year-over-year returns.
Corebridge Financial Inc (CRBG) Top Institutional Holders
544.0 institutions hold shares in Corebridge Financial Inc (CRBG), with institutional investors hold 80.34% of the company’s shares. The shares outstanding are 574.39M, and float is at 378.06M with Short Float at 2.17%. Institutions hold 80.18% 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 121,956,256 shares of the company’s common stock on Dec 09 ’24 at a price of $31.47 per share for a total of $3.84 billion. Following the sale, the insider now owns 127.28 million shares.
Corebridge Financial Inc disclosed in a document filed with the SEC on Nov 07 ’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 Nov 07 ’24 and was made at $31.20 per share for $936.0 million. Following the transaction, the insider now directly holds 249.24 million shares of the CRBG stock.
Still, SEC filings show that on Sep 16 ’24, AMERICAN INTERNATIONAL GROUP, (10% Owner) disposed off 5,000,000 shares at an average price of $28.86 for $144.3 million. The insider now directly holds 279,238,898 shares of Corebridge Financial Inc (CRBG).
