Corebridge Financial Inc. (CRBG) concluded trading on Thursday at a closing price of $23.40, with 4.34 million shares of worth about $101.55 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 30.96% during that period and on Thursday, February 01 price saw a loss of about -3.19%. Currently the company’s common shares owned by public are about 645.00M shares, out of which, 248.12M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 38 times over the past 12 months. They bought 503,650 shares in 19 of the transactions. In 19 selling transactions, insiders dumped 135,825,230 shares.
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Stock saw a price change of -5.57% in past 5 days and over the past one month there was a price change of 6.17%. Year-to-date (YTD), CRBG shares are showing a performance of 8.03% which increased to 18.47% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $12.72 but also hit the highest price of $25.02 during that period. The average intraday trading volume for Corebridge Financial Inc. shares is 4.26 million. The stock is currently trading -2.46% below its 20-day simple moving average (SMA20), while that difference is up 5.41% for SMA50 and it goes to 26.95% higher than SMA200.
Corebridge Financial Inc. (NYSE: CRBG) currently have 645.00M outstanding shares and institutions hold larger chunk of about 25.86% of that.
The stock has a current market capitalization of $15.17B and its 3Y-monthly beta is at 0.88. PE ratio of stock for trailing 12 months is 8.12, while it has posted earnings per share of $2.88 in the same period. Its PEG reads 0.47 while making debt-to-equity ratio of 1.43. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CRBG, volatility over the week remained 2.39% while standing at 1.96% over the month.
Analysts are in expectations that Corebridge Financial Inc. (CRBG) stock would likely to be making an EPS of $0.97 in the current quarter, while forecast for next quarter EPS is $1.14 and it is $4.92 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.89 which is $1.03 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.88 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 40.56% while it is estimated to increase by 21.90% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Citigroup on July 11, 2023 offering a Neutral rating for the stock and assigned a target price range of between $18 and $19 to it.