Are Corebridge Financial Inc (CRBG) stocks a prudent buy?

Corebridge Financial Inc [CRBG] stock prices are up 0.12% to $32.48 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The CRBG shares have gain 0.22% over the last week, with a monthly amount glided 8.27%, 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.

The stock price of Corebridge Financial Inc [CRBG] has been fluctuating between $20.07 and $34.66 over the past year. Currently, Wall Street analysts expect the stock to reach $33 within the next 12 months. Corebridge Financial Inc [NYSE: CRBG] shares were valued at $32.48 at the most recent close of the market. An investor can expect a potential return of 1.6% based on the average CRBG price forecast.

Analyzing the CRBG fundamentals

The Corebridge Financial Inc [NYSE:CRBG] reported sales of 14.40B for trailing twelve months, representing a drop of -66.27%. Gross Profit Margin for this corporation currently stands at 0.31% with Operating Profit Margin at -0.18%, Pretax Profit Margin comes in at -0.13%, and Net Profit Margin reading is -0.09%. To continue investigating profitability, this company’s Return on Assets is posted at -0.0, Equity is -0.1 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 0.88.

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 32.26 points at the first support level, and at 32.04 for the second support level. However, for the 1st resistance point, the stock is sitting at 32.75, and for the 2nd resistance point, it is at 33.02.

Ratios To Look Out For

Considering the valuation of this stock, the price to sales ratio is 1.28, the price to book ratio is 1.37.

Transactions by insiders

Recent insider trading involved AMERICAN INTERNATIONAL GROUP, 10% Owner, that happened on Nov 07 ’24 when 30.0 million shares were sold. 10% Owner, AMERICAN INTERNATIONAL GROUP, completed a deal on Sep 16 ’24 to sell 5.0 million shares. Meanwhile, 10% Owner American International Group, bought 5.0 million shares on Sep 16 ’24.

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