The stock of Corebridge Financial Inc. (CRBG) has gone up by 7.21% for the week, with a 2.06% rise in the past month and a 21.17% rise in the past quarter. The volatility ratio for the week is 3.23%, and the volatility levels for the past 30 days are 2.73% for CRBG.. The simple moving average for the past 20 days is 5.76% for CRBG’s stock, with a 32.14% simple moving average for the past 200 days.
Is It Worth Investing in Corebridge Financial Inc. (NYSE: CRBG) Right Now?
Corebridge Financial Inc. (NYSE: CRBG) has a price-to-earnings ratio that is above its average at 7.55x. The stock has a 36-month beta value of 0.96. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for CRBG is 230.41M, and at present, short sellers hold a 10.44% of that float. On May 06, 2024, the average trading volume of CRBG was 4.67M shares.
CRBG) stock’s latest price update
The stock price of Corebridge Financial Inc. (NYSE: CRBG) has jumped by 1.99 compared to previous close of 28.12. Despite this, the company has seen a gain of 7.21% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-26 that Corebridge (CRBG) doesn’t possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Analysts’ Opinion of CRBG
Many brokerage firms have already submitted their reports for CRBG stocks, with Citigroup repeating the rating for CRBG by listing it as a “Neutral.” The predicted price for CRBG in the upcoming period, according to Citigroup is $19 based on the research report published on July 11, 2023 of the previous year 2023.
UBS, on the other hand, stated in their research note that they expect to see CRBG reach a price target of $22. The rating they have provided for CRBG stocks is “Buy” according to the report published on June 29th, 2023.
Citigroup gave a rating of “Neutral” to CRBG, setting the target price at $18 in the report published on April 11th of the previous year.
CRBG Trading at 8.34% from the 50-Day Moving Average
After a stumble in the market that brought CRBG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -2.45% of loss for the given period.
Volatility was left at 2.73%, however, over the last 30 days, the volatility rate increased by 3.23%. Over the last 50 days, in opposition, the stock is trading +13.67% upper at present.
During the last 5 trading sessions, CRBG rose by +7.21%, which changed the moving average for the period of 200-days by +48.29% in comparison to the 20-day moving average, which settled at $27.12. In addition, Corebridge Financial Inc. saw 32.41% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CRBG starting from AMERICAN INTERNATIONAL GROUP,, who sale 6,210,256 shares at the price of $21.75 back on Dec 18 ’23. After this action, AMERICAN INTERNATIONAL GROUP, now owns 324,203,636 shares of Corebridge Financial Inc., valued at $135,073,068 using the latest closing price.
AMERICAN INTERNATIONAL GROUP,, the 10% Owner of Corebridge Financial Inc., sale 35,000,000 shares at $20.50 during a trade that took place back on Dec 05 ’23, which means that AMERICAN INTERNATIONAL GROUP, is holding 330,413,892 shares at $717,500,000 based on the most recent closing price.
Stock Fundamentals for CRBG
Current profitability levels for the company are sitting at:
- 0.09 for the present operating margin
- 0.99 for the gross margin
The net margin for Corebridge Financial Inc. stands at 0.12. The total capital return value is set at 0.01. Equity return is now at value 21.11, with 0.70 for asset returns.
Based on Corebridge Financial Inc. (CRBG), the company’s capital structure generated 0.45 points at debt to capital in total, while cash flow to debt ratio is standing at 0.39. The debt to equity ratio resting at 0.81. The interest coverage ratio of the stock is 3.56.
Currently, EBITDA for the company is 157.0 million with net debt to EBITDA at 2.17. When we switch over and look at the enterprise to sales, we see a ratio of 1.29. The receivables turnover for the company is 0.43for trailing twelve months and the total asset turnover is 0.05.
Conclusion
To sum up, Corebridge Financial Inc. (CRBG) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
