At the time of writing, Corebridge Financial Inc. [CRBG] stock is trading at $29.55, down -0.37%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The CRBG shares have gain 4.23% over the last week, with a monthly amount drifted -4.98%, and not 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.
For the past year, the stock price of Corebridge Financial Inc. fluctuated between $15.31 and $34.66. Currently, Wall Street analysts expect the stock to reach $29 within the next 12 months. Corebridge Financial Inc. [NYSE: CRBG] shares were valued at $29.55 at the most recent close of the market. An investor can expect a potential drop of -1.86% based on the average CRBG price forecast.
Analyzing the CRBG fundamentals
According to Corebridge Financial Inc. [NYSE:CRBG], the company’s sales were 20.76B for trailing twelve months, which represents an 53.39% jump. Gross Profit Margin for this corporation currently stands at 0.97% with Operating Profit Margin at 0.09%, Pretax Profit Margin comes in at 0.13%, and Net Profit Margin reading is 0.12%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.23 and Total Capital is 0.01. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.03.
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 29.40 points at the first support level, and at 29.25 for the second support level. However, for the 1st resistance point, the stock is sitting at 29.84, and for the 2nd resistance point, it is at 30.13.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 0.87, the price to book ratio is 1.57 and price to earnings (TTM) ratio is 7.78.
Transactions by insiders
Recent insider trading involved AMERICAN INTERNATIONAL GROUP,, 10% Owner, that happened on Jun 03 ’24 when 30.0 million shares were sold. 10% Owner, AMERICAN INTERNATIONAL GROUP, completed a deal on Dec 18 ’23 to sell 6.21 million shares. Meanwhile, 10% Owner AMERICAN INTERNATIONAL GROUP, sold 35.0 million shares on Dec 05 ’23.
