Stocks of Corebridge Financial Inc (NYSE:CRBG) traded higher last session on Wall Street, down -2.26% to $32.02.
CRBG stock price is now 1.60% away from the 50-day moving average and 7.02% away from the 200-day moving average. The market capitalization of the company currently stands at $18.22B.
With the price target of $43, BMO Capital Markets recently initiated with Outperform rating for Corebridge Financial Inc (NYSE: CRBG). On January 10, 2025, Deutsche Bank Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock increasing its target price from $33 to quote $40, while ‘Barclays’ rates the stock as ‘Overweight’
In other news, AMERICAN INTERNATIONAL GROUP, , 10% Owner sold 121,956,256 shares of the company’s stock on Dec 09 ’24. The stock was sold for $3,838,012,159 at an average price of $31.47. Upon completion of the transaction, the 10% Owner now directly owns 127,282,642 shares in the company, valued at $4.08 billion. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 07 ’24, 10% Owner AMERICAN INTERNATIONAL GROUP, sold 30,000,000 shares of the business’s stock. A total of $936,000,000 was realized by selling the stock at an average price of $31.20. This leaves the insider owning 249,238,898 shares of the company worth $7.98 billion. A total of 33.57% of the company’s stock is owned by insiders.
During the past 12 months, Corebridge Financial Inc has had a low of $23.34 and a high of $34.66. According to the stock market information, the enterprise value for the company is $26059184128, which is based on a 8.46 price-to-earnings ratio, a 0.57 price-to-earnings-growth ratio, and a beta of 0.98. The fifty day moving average price for CRBG is $31.5224 and a two-hundred day moving average price translates $29.8933 for the stock.
The latest earnings results from Corebridge Financial Inc (NYSE: CRBG) was released for 2024-09-30. The net profit margin was 13.43% and return on equity was -11.38% for CRBG. The company reported revenue of $2.62 billion for the quarter, compared to $5.5 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -52.48 percent.
