The stock of Corebridge Financial Inc (CRBG) has seen a -1.50% decrease in the past week, with a 5.27% gain in the past month, and a 25.55% flourish in the past quarter. The volatility ratio for the week is 1.82%, and the volatility levels for the past 30 days are at 1.84% for CRBG. The simple moving average for the past 20 days is 1.13% for CRBG’s stock, with a 12.81% 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 higher price-to-earnings ratio of 9.83x compared to its average ratio. CRBG has 36-month beta value of 0.93. Analysts have mixed views on the stock, with 6 analysts rating it as a “buy,” 3 as “overweight,” 6 as “hold,” and 0 as “sell.”
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The public float for CRBG is 249.23M, and currently, short sellers hold a 3.93% ratio of that float. The average trading volume of CRBG on November 05, 2024 was 2.99M shares.
CRBG) stock’s latest price update
Corebridge Financial Inc (NYSE: CRBG) has experienced a decline in its stock price by -0.22 compared to its previous closing price of 31.62. However, the company has seen a fall of -1.50% in its stock price over the last five trading days. zacks.com reported 2024-11-04 that Although the revenue and EPS for Corebridge (CRBG) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Analysts’ Opinion of CRBG
Many brokerage firms have already submitted their reports for CRBG stocks, with TD Cowen repeating the rating for CRBG by listing it as a “Buy.” The predicted price for CRBG in the upcoming period, according to TD Cowen is $35 based on the research report published on October 09, 2024 of the current year 2024.
Barclays, on the other hand, stated in their research note that they expect to see CRBG reach a price target of $33. The rating they have provided for CRBG stocks is “Equal Weight” according to the report published on September 05th, 2024.
Citigroup gave a rating of “Neutral” to CRBG, setting the target price at $19 in the report published on July 11th of the previous year.
CRBG Trading at 7.24% 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 -8.97% of loss for the given period.
Volatility was left at 1.84%, however, over the last 30 days, the volatility rate increased by 1.82%, as shares surge +5.73% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.82% upper at present.
During the last 5 trading sessions, CRBG fell by -1.50%, which changed the moving average for the period of 200-days by +29.94% in comparison to the 20-day moving average, which settled at $31.20. In addition, Corebridge Financial Inc saw 45.66% 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 5,000,000 shares at the price of $28.86 back on Sep 16 ’24. After this action, AMERICAN INTERNATIONAL GROUP, now owns 279,238,898 shares of Corebridge Financial Inc, valued at $144,300,000 using the latest closing price.
American International Group, the 10% Owner of Corebridge Financial Inc, proposed sale 5,000,000 shares at $27.18 during a trade that took place back on Sep 16 ’24, which means that American International Group, is holding shares at $135,900,000 based on the most recent closing price.
Stock Fundamentals for CRBG
Current profitability levels for the company are sitting at:
- 0.07 for the present operating margin
- 0.36 for the gross margin
The net margin for Corebridge Financial Inc stands at 0.11. The total capital return value is set at 0.0. Equity return is now at value 18.88, with 0.59 for asset returns.
Based on Corebridge Financial Inc (CRBG), the company’s capital structure generated 0.52 points at debt to capital in total, while cash flow to debt ratio is standing at 0.2. The debt to equity ratio resting at 1.07. The interest coverage ratio of the stock is 2.43.
Currently, EBITDA for the company is 157.0 million with net debt to EBITDA at 3.31. When we switch over and look at the enterprise to sales, we see a ratio of 1.61. The receivables turnover for the company is 29.89for trailing twelve months and the total asset turnover is 0.05.
Conclusion
To put it simply, Corebridge Financial Inc (CRBG) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.
