Corebridge Financial Inc (NYSE:CRBG) has a beta value of 1.08 and has seen 0.6 million shares traded in the recent trading session. The company, currently valued at $16.32B, closed the recent trade at $29.36 per share which meant it gained $1.11 on the day or 3.93% during that session. The CRBG stock price is -20.44% off its 52-week high price of $35.36 and 19.31% above the 52-week low of $23.69. If we look at the company’s 10-day average daily trading volume, we find that it stood at 3.73 million shares traded. The 3-month trading volume is 3.09 million shares.
The consensus among analysts is that Corebridge Financial Inc (CRBG) is Buy stock at the moment, with a recommendation rating of 1.69. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 4 out of 12 have rated it as a Hold, with 8 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 1.13.
Corebridge Financial Inc (NYSE:CRBG) trade information
Sporting 3.93% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the CRBG stock price touched $29.36 or saw a rise of 2.26%. Year-to-date, Corebridge Financial Inc shares have moved -1.90%, while the 5-day performance has seen it change 5.57%. Over the past 30 days, the shares of Corebridge Financial Inc (NYSE:CRBG) have changed -11.11%. Short interest in the company has seen 9.84 million shares shorted with days to cover at 3.44.
Wall Street analysts have a consensus price target for the stock at $28, which means that the shares’ value could drop -4.86% from the levels at last check today.. The projected low price target is $28.0 while the price target rests at a high of $28.0. In that case, then, we find that the latest price level in today’s session is 4.63% off the targeted high while a plunge would see the stock lose 4.63% from the levels at last check today..
Corebridge Financial Inc (CRBG) estimates and forecasts
The company’s shares have lost -7.41% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 8.71%.
5 analysts offering their estimates for the company have set an average revenue estimate of 5.28B for the current quarter. 5 have an estimated revenue figure of 5.09B for the next ending quarter. Year-ago sales stood 5.85B and 4.18B respectively for this quarter and the next, and analysts expect sales will shrink by -9.79% for the current quarter and 8.71% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 116.91% over the past 5 years. Earnings growth for 2025 is a modest 3.78% while over the next 5 years, the company’s earnings are expected to increase by 10.90%.
CRBG Dividends
Corebridge Financial Inc is expected to release its next earnings report on 2025-Feb-11 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.93 at a share yield of 3.17%. The company’s dividend yield has gone up over the past 12 months.
Corebridge Financial Inc (NYSE:CRBG)’s Major holders
Insiders own 0.25% of the company shares, while shares held by institutions stand at 103.27% with a share float percentage of 103.53%. Investors are also buoyed by the number of investors in a company, with Corebridge Financial Inc having a total of 571.0 institutions that hold shares in the company. The top two institutional holders are AMERICAN INTERNATIONAL GROUP, INC. with over 294.2 million shares worth more than $8.57 billion. As of 2024-06-30, AMERICAN INTERNATIONAL GROUP, INC. held 48.1039% of shares outstanding.
The other major institutional holder is BLACKSTONE INC., with the holding of over 61.96 million shares as of 2024-06-30. The firm’s total holdings are worth over $1.8 billion and represent 10.1312% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and -Price (T.Rowe) U.S. Value Equity Trust . As of Dec 31, 2024 , the former fund manager holds about 1.46% shares in the company for having 8.06 shares of worth $235.91 million while later fund manager owns 7.97 shares of worth $233.3 million as of Dec 31, 2024 , which makes it owner of about 1.44% of company’s outstanding stock.
