Corebridge Financial Inc (NYSE: CRBG) is -7.08% lower on its value in year-to-date trading and has touched a low of $23.69 and a high of $35.36 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 $27.34 in the last trading session, with the day’s gains setting it 0.47%.
Currently trading at $27.81, the stock is -6.95% and -11.91% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.78 million and changing 1.72% at the moment leaves the stock -8.25% off its SMA200. CRBG registered 3.85% gain for a year compared to 6-month gain of -8.31%. The firm has a 50-day simple moving average (SMA 50) of $31.569 and a 200-day simple moving average (SMA200) of $30.311.
The stock witnessed a -14.67% loss in the last 1 month and extending the period to 3 months gives it a -6.80%, and is 9.45% 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 7.97% over the week and 5.42% over the month.
Corebridge Financial Inc (CRBG) has around 5200 employees, a market worth around $15.46B and $18.72B in sales. Current P/E ratio is 7.22 and Fwd P/E is 4.84. Profit margin for the company is 11.91%. Distance from 52-week low is 17.39% and -21.35% from its 52-week high. The company has generated returns on investments over the last 12 months (9.77%).
with sales reaching $5.28B over the same period.The EPS is expected to grow by 3.78% this year, but quarterly earnings will post 9.08% year-over-year. Quarterly sales are estimated to shrink -9.79% in year-over-year returns.
Corebridge Financial Inc (CRBG) Top Institutional Holders
569.0 institutions hold shares in Corebridge Financial Inc (CRBG), with institutional investors hold 102.92% of the company’s shares. The shares outstanding are 561.49M, and float is at 364.79M with Short Float at 2.70%. Institutions hold 102.66% 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 10.1312 of the shares outstanding. The other top investors are HARRIS ASSOCIATES L P which holds 23.37 million shares representing 3.821% and valued at over $680.51 million, while VANGUARD GROUP INC holds 3.7566 of the shares totaling 23.44 million with a market value of $682.61 million.
Corebridge Financial Inc (CRBG) Insider Activity
The most recent transaction is an insider sale by Corebridge Financial, Inc., the company’s. SEC filings show that Corebridge Financial, Inc. sold 140,001 shares of the company’s common stock on Mar 28 ’25 at a price of $33.98 per share for a total of $4.76 million. Following the sale, the insider now owns 0.13 million shares.
Corebridge Financial Inc disclosed in a document filed with the SEC on Mar 20 ’25 that Corebridge Financial, Inc. () bought a total of 1,600,000 shares of the company’s common stock. The trade occurred on Mar 20 ’25 and was made at $25.00 per share for $40.0 million. Following the transaction, the insider now directly holds 0.88 million shares of the CRBG stock.
Still, SEC filings show that on Dec 09 ’24, AMERICAN INTERNATIONAL GROUP, (10% Owner) disposed off 121,956,256 shares at an average price of $31.47 for $3.84 billion. The insider now directly holds 127,282,642 shares of Corebridge Financial Inc (CRBG).
