Corebridge Financial Inc (NYSE: CRBG) is 11.76% higher 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 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 $33.22 in the last trading session, with the day’s gains setting it 0.23%.
Currently trading at $33.45, the stock is 3.31% and 6.30% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.82 million and changing 0.69% at the moment leaves the stock 12.23% off its SMA200. CRBG registered 43.32% gain for a year compared to 6-month gain of 33.69%. The firm has a 50-day simple moving average (SMA 50) of $31.4684 and a 200-day simple moving average (SMA200) of $29.80405.
The stock witnessed a 6.94% loss in the last 1 month and extending the period to 3 months gives it a 11.50%, and is -0.92% 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 1.79% over the week and 2.30% over the month.
Corebridge Financial Inc (CRBG) has around 5700 employees, a market worth around $19.03B and $14.40B in sales. Fwd P/E is 6.13. Profit margin for the company is -8.68%. Distance from 52-week low is 45.37% and -3.49% from its 52-week high. The company has generated returns on investments over the last 12 months (-4.88%).
with sales reaching $5.86B over the same period.The EPS is expected to grow by 17.17% this year, but quarterly earnings will post -3.80% year-over-year. Quarterly sales are estimated to shrink -1.05% in year-over-year returns.
Corebridge Financial Inc (CRBG) Top Institutional Holders
549.0 institutions hold shares in Corebridge Financial Inc (CRBG), with institutional investors hold 80.65% of the company’s shares. The shares outstanding are 574.39M, and float is at 376.94M with Short Float at 2.30%. Institutions hold 80.38% 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).
