Is There More Upside Ahead For Corebridge Financial Inc (NYSE: CRBG)

Corebridge Financial Inc (CRBG) concluded trading on Wednesday at a closing price of $30.69, with 3.12 million shares of worth about $95.68 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 1.89% during that period and on January 15, 2025 the price saw a gain of about 2.85%. Currently the company’s common shares owned by public are about 574.39M shares, out of which, 377.99M shares are available for trading.

Stock saw a price change of -1.89% in past 5 days and over the past one month there was a price change of 1.12%. Year-to-date (YTD), CRBG shares are showing a performance of 2.54% which increased to 26.98% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $23.01 but also hit the highest price of $34.66 during that period. The average intraday trading volume for Corebridge Financial Inc shares is 3.59 million. The stock is currently trading 1.75% above its 20-day simple moving average (SMA20), while that difference is down -0.60% for SMA50 and it goes to 4.51% higher than SMA200.

Corebridge Financial Inc (NYSE: CRBG) currently have 574.39M outstanding shares and institutions hold larger chunk of about 62.99% of that.

The stock has a current market capitalization of $17.46B and its 3Y-monthly beta is at 0.95. 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 2.77% while standing at 2.42% over the month.

Stock’s fiscal year EPS is expected to rise by 17.20% while it is estimated to increase by 14.20% 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 Deutsche Bank on January 10, 2025 offering a Buy rating for the stock and assigned a target price range of between $33 and $40 to it. Coverage by Barclays stated Corebridge Financial Inc (CRBG) stock as an Overweight in their note to investors on January 06, 2025, suggesting a price target of $37 for the stock. On October 09, 2024, TD Cowen Initiated their recommendations, while on September 05, 2024, Barclays Initiated their ratings for the stock with a price target of $33. Stock get a Neutral rating from Citigroup on July 11, 2023.

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