Corebridge Financial Inc. (CRBG) concluded trading on Wednesday at a closing price of $26.76, with 3.46 million shares of worth about $92.64 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 41.13% during that period and on May 01, 2024 the price saw a gain of about 0.75%. Currently the company’s common shares owned by public are about 621.66M shares, out of which, 234.30M shares are available for trading.
Stock saw a price change of -1.47% in past 5 days and over the past one month there was a price change of -5.54%. Year-to-date (YTD), CRBG shares are showing a performance of 23.55% which increased to 75.17% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $13.53 but also hit the highest price of $29.40 during that period. The average intraday trading volume for Corebridge Financial Inc. shares is 4.57 million. The stock is currently trading -1.71% below its 20-day simple moving average (SMA20), while that difference is up 1.42% for SMA50 and it goes to 23.84% higher than SMA200.
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Corebridge Financial Inc. (NYSE: CRBG) currently have 621.66M outstanding shares and institutions hold larger chunk of about 38.56% of that.
The stock has a current market capitalization of $16.66B and its 3Y-monthly beta is at 0.98. PE ratio of stock for trailing 12 months is 15.87, while it has posted earnings per share of $1.69 in the same period. Its PEG reads 0.89 while making debt-to-equity ratio of 1.01. 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 1.97% while standing at 2.52% over the month.
Analysts are in expectations that Corebridge Financial Inc. (CRBG) stock would likely to be making an EPS of $1.05 in the current quarter, while forecast for next quarter EPS is $1.22 and it is $5.85 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.93 which is $1.14 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 $0.97 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 18.67% while it is estimated to increase by 20.42% 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. Coverage by UBS stated Corebridge Financial Inc. (CRBG) stock as a Buy in their note to investors on June 29, 2023, suggesting a price target of $22 for the stock. On April 11, 2023, Citigroup Resumed their recommendations, while on April 04, 2023, Goldman Upgrade their ratings for the stock with a price target of $23. Stock get a Neutral rating from Credit Suisse on January 13, 2023.
