Corebridge Financial Inc. [CRBG] stock prices are up 1.20% to $28.62 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The CRBG shares have lost -1.14% over the last week, with a monthly amount glided 0.49%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Corebridge Financial Inc. [NYSE: CRBG] stock has seen the most recent analyst activity on September 05, 2024, when Barclays initiated its Equal Weight rating and assigned the stock a price target of $33. On June 29, 2023, UBS initiated with a Buy rating and assigned a price target of $22 on the stock. Goldman upgraded its rating to a Buy and reduced its price target to $23 on April 04, 2023. Credit Suisse downgraded its rating to Neutral for this stock on January 13, 2023, and downed its price target to $23. In a note dated October 11, 2022, Citigroup initiated an Neutral rating and provided a target price of $23 on this stock.
The stock price of Corebridge Financial Inc. [CRBG] has been fluctuating between $17.79 and $34.66 over the past year. Currently, Wall Street analysts expect the stock to reach $29.57 within the next 12 months. Corebridge Financial Inc. [NYSE: CRBG] shares were valued at $28.62 at the most recent close of the market. An investor can expect a potential return of 3.32% based on the average CRBG price forecast.
Analyzing the CRBG fundamentals
The Corebridge Financial Inc. [NYSE:CRBG] reported sales of 18.12B for trailing twelve months, representing a drop of -38.16%. Gross Profit Margin for this corporation currently stands at 0.36% with Operating Profit Margin at 0.07%, Pretax Profit Margin comes in at 0.12%, and Net Profit Margin reading is 0.11%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.19 and Total Capital is 0.0. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.07.
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 28.25 points at the first support level, and at 27.87 for the second support level. However, for the 1st resistance point, the stock is sitting at 28.83, and for the 2nd resistance point, it is at 29.04.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 0.94, the price to book ratio is 1.56 and price to earnings (TTM) ratio is 8.91.
Transactions by insiders
Recent insider trading involved AMERICAN INTERNATIONAL GROUP, 10% Owner, that happened on Sep 16 ’24 when 5.0 million shares were sold. 10% Owner, American International Group, completed a deal on Sep 16 ’24 to buy 5.0 million shares. Meanwhile, 10% Owner AMERICAN INTERNATIONAL GROUP, sold 8.03 million shares on Aug 07 ’24.
