Analysis of Corebridge Financial Inc. (CRBG)’s performance, earnings and valuation

Corebridge Financial Inc. [CRBG] stock is trading at $26.81, up 0.56%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The CRBG shares have lost -1.47% over the last week, with a monthly amount glided 5.51%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Previously, UBS started tracking the stock with Buy rating on June 29, 2023, and set its price target to $22. Goldman upgraded its rating to a Buy and decreased its price target to $23 on April 04, 2023. Credit Suisse downgraded its rating to a Neutral and reduced its price target to $23 on January 13, 2023. Citigroup started tracking with a Neutral rating for this stock on October 11, 2022, and assigned it a price target of $23. In a note dated October 10, 2022, Wells Fargo initiated an Overweight rating and provided a target price of $23 on this stock.

Corebridge Financial Inc. [CRBG] stock has fluctuated between $13.53 and $29.40 over the past year. Currently, Wall Street analysts expect the stock to reach $27.6 within the next 12 months. Corebridge Financial Inc. [NYSE: CRBG] shares were valued at $26.81 at the most recent close of the market. An investor can expect a potential return of 2.95% based on the average CRBG price forecast.

Analyzing the CRBG fundamentals

Corebridge Financial Inc. [NYSE:CRBG] reported sales of 18.62B for the trailing twelve months, which represents a drop of -26.16%. Gross Profit Margin for this corporation currently stands at 0.96% with Operating Profit Margin at 0.07%, Pretax Profit Margin comes in at 0.05%, and Net Profit Margin reading is 0.06%. To continue investigating profitability, this company’s Return on Assets is posted at 0.0, Equity is 0.11 and Total Capital is 0.0. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.01.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 26.51 points at the first support level, and at 26.22 for the second support level. However, for the 1st resistance point, the stock is sitting at 26.97, and for the 2nd resistance point, it is at 27.14.

Ratios To Look Out For

Considering the valuation of this stock, the price to sales ratio is 0.90, the price to book ratio is 1.42 and price to earnings (TTM) ratio is 15.90.

Transactions by insiders

Recent insider trading involved AMERICAN INTERNATIONAL GROUP,, 10% Owner, that happened on Dec 18 ’23 when 6.21 million shares were sold. 10% Owner, AMERICAN INTERNATIONAL GROUP, completed a deal on Dec 05 ’23 to sell 35.0 million shares. Meanwhile, 10% Owner AMERICAN INTERNATIONAL GROUP, sold 50.0 million shares on Nov 08 ’23.

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