In the latest trading session,, 0.38 million Corebridge Financial Inc (NYSE:CRBG) shares changed hands as the company’s beta touched 1.03. With the company’s most recent per share price at $29.20 changed hands at -$1.15 or -3.79% at last look, the market valuation stands at $16.13B. CRBG’s current price is a discount, trading about -21.1% off its 52-week high of $35.36. The share price had its 52-week low at $23.69, which suggests the last value was 18.87% up since then. When we look at Corebridge Financial Inc’s average trading volume, we note the 10-day average is 2.56 million shares, with the 3-month average coming to 3.06 million.
Analysts gave the Corebridge Financial Inc (CRBG) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.69. If we narrow down to specifics, the data shows that 0 out of 12 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 4 recommended CRBG as a Hold, 8 felt it is a Buy and 0 rated the stock as Underweight. Corebridge Financial Inc’s EPS for the current quarter is expected to be 1.13.
Corebridge Financial Inc (NYSE:CRBG) trade information
Instantly CRBG was in red as seen in intraday trades today. With action 0.55%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -2.44%, with the 5-day performance at 0.55% in the green. However, in the 30-day time frame, Corebridge Financial Inc (NYSE:CRBG) is -7.51% down. Looking at the short shares, we see there were 8.74 million shares sold at short interest cover period of 2.44 days.
The consensus price target for the stock as assigned by Wall Street analysts is 28, meaning bulls need a downside of -4.29% from its recent market value. According to analyst projections, CRBG’s forecast low is 28 with 28 as the target high. To hit the forecast high, the stock’s price needs a 4.11% surge from its current level, while the stock would need to tank 4.11% for it to hit the projected low.
Corebridge Financial Inc (CRBG) estimates and forecasts
Year-over-year growth is forecast to reach 8.71% up from the last financial year.
Consensus estimates given by 5 financial analysts project the company’s revenue in the current quarter to hit an average of 5.28B. 5 analysts are of the opinion that Corebridge Financial Inc’s revenue for the current quarter will be 5.09B. The company’s revenue for the corresponding quarters a year ago was 5.85B and 4.18B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -9.79%. The estimates for the next quarter sales put growth at 21.98%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 116.91%. The 2025 estimates are for Corebridge Financial Inc earnings to increase by 3.78%, but the outlook for the next 5-year period is at 10.90% per year.
CRBG Dividends
Corebridge Financial Inc is expected to release its next quarterly earnings report on 2025-Feb-11. The 3.18% annual yield figure for the share gives it an annual dividend of 0.93. It is important to note, however, that the 3.18% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.
Corebridge Financial Inc (NYSE:CRBG)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.25% of Corebridge Financial Inc shares while 103.47% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 103.73%. There are 103.47% institutions holding the Corebridge Financial Inc stock share, with AMERICAN INTERNATIONAL GROUP, INC. the top institutional holder. As of 2024-06-30, the company held 48.1039% of the shares, roughly 294.2 million CRBG shares worth $8.57 billion.
BLACKSTONE INC. holds the second largest percentage of outstanding shares, with 10.1312% or 61.96 million shares worth $1.8 billion as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and -Price (T.Rowe) U.S. Value Equity Trust . With 8.06 shares estimated at $236.27 million under it, the former controlled 1.46% of total outstanding shares. On the other hand, -Price (T.Rowe) U.S. Value Equity Trust held about 1.44% of the shares, roughly 7.97 shares worth around $233.66 million.
