At the time of writing, Corebridge Financial Inc. [CRBG] stock is trading at $31.25, down -0.70%. 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 2.26% over the last week, with a monthly amount glided 9.30%, 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 October 09, 2024, when TD Cowen initiated its Buy rating and assigned the stock a price target of $35. Previously, Barclays started tracking the stock with Equal Weight rating on September 05, 2024, and set its price target to $33. UBS started tracking the stock assigning a Buy rating and suggested a price target of $22 on June 29, 2023. Goldman upgraded its rating to Buy for this stock on April 04, 2023, and downed its price target to $23. In a note dated January 13, 2023, Credit Suisse downgraded an Neutral rating on this stock and revised its target price from $26 to $23.
For the past year, the stock price of Corebridge Financial Inc. fluctuated between $18.70 and $34.66. 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 $31.25 at the most recent close of the market. An investor can expect a potential drop of -5.38% based on the average CRBG price forecast.
Analyzing the CRBG fundamentals
According to Corebridge Financial Inc. [NYSE:CRBG], the company’s sales were 18.12B for trailing twelve months, which represents an -38.16% plunge. 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 31.01 points at the first support level, and at 30.76 for the second support level. However, for the 1st resistance point, the stock is sitting at 31.56, and for the 2nd resistance point, it is at 31.86.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 1.02, the price to book ratio is 1.71 and price to earnings (TTM) ratio is 9.73.
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.
