Corebridge Financial Inc (NYSE: CRBG): Analyst View Points To Future Growth

Corebridge Financial Inc (CRBG) concluded trading on Thursday at a closing price of $29.09, with 3.62 million shares of worth about $105.21 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -1.92% during that period and on December 19, 2024 the price saw a gain of about 1.04%. Currently the company’s common shares owned by public are about 574.39M shares, out of which, 378.06M shares are available for trading.

Stock saw a price change of -4.15% in past 5 days and over the past one month there was a price change of -4.40%. Year-to-date (YTD), CRBG shares are showing a performance of 34.30% which increased to 31.81% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $21.40 but also hit the highest price of $34.66 during that period. The average intraday trading volume for Corebridge Financial Inc shares is 3.70 million. The stock is currently trading -6.84% below its 20-day simple moving average (SMA20), while that difference is down -6.79% for SMA50 and it goes to 0.14% higher than SMA200.

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Corebridge Financial Inc (NYSE: CRBG) currently have 574.39M outstanding shares and institutions hold larger chunk of about 62.97% of that.

The stock has a current market capitalization of $16.55B and its 3Y-monthly beta is at 0.99. It has posted earnings per share of -$2.08 in the same period. It has a debt-to-equity ratio of 0.88. 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 2.76% while standing at 2.36% over the month.

Stock’s fiscal year EPS is expected to rise by 17.92% while it is estimated to increase by 15.72% 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 TD Cowen on October 09, 2024 offering a Buy rating for the stock and assigned a target price of $35 to it. Coverage by Barclays stated Corebridge Financial Inc (CRBG) stock as an Equal weight in their note to investors on September 05, 2024, suggesting a price target of $33 for the stock. On July 11, 2023, Citigroup Resumed their recommendations, while on June 29, 2023, UBS Initiated their ratings for the stock with a price target of $22. Stock get a Neutral rating from Citigroup on April 11, 2023.

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