Stocks of Corebridge Financial Inc. (NYSE:CRBG) traded higher last session on Wall Street, up 0.91% to $31.01.
CRBG stock price is now 11.45% away from the 50-day moving average and 38.22% away from the 200-day moving average. The market capitalization of the company currently stands at $18.97B.
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On June 29, 2023, UBS recently initiated its ‘Buy’ rating on the stock quoting a target price of $22, while ‘Citigroup’ rates the stock as ‘Neutral’
In other news, AMERICAN INTERNATIONAL GROUP, , 10% Owner sold 6,210,256 shares of the company’s stock on Dec 18 ’23. The stock was sold for $135,073,068 at an average price of $21.75. Upon completion of the transaction, the 10% Owner now directly owns 324,203,636 shares in the company, valued at $10.05 billion. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 05 ’23, 10% Owner AMERICAN INTERNATIONAL GROUP, sold 35,000,000 shares of the business’s stock. A total of $717,500,000 was realized by selling the stock at an average price of $20.50. This leaves the insider owning 330,413,892 shares of the company worth $10.25 billion. A total of 62.37% of the company’s stock is owned by insiders.
During the past 12 months, Corebridge Financial Inc. has had a low of $14.92 and a high of $34.66. According to the stock market information, the enterprise value for the company is $27123976192, which is based on a 8.17 price-to-earnings ratio, a 0.44 price-to-earnings-growth ratio, and a beta of 1.07. The fifty day moving average price for CRBG is $27.9498 and a two-hundred day moving average price translates $22.88005 for the stock.
The latest earnings results from Corebridge Financial Inc. (NYSE: CRBG) was released for 2024-03-31. According to the Asset Management Company, earnings per share came in at 1.04, beating analysts’ expectations of 0.93 by 0.11. This compares to -$0.70 EPS in the same period last year. The net profit margin was 11.76% and return on equity was 21.11% for CRBG. The company reported revenue of $5.84 billion for the quarter, compared to $4.26 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 36.93 percent. For the current quarter, analysts expect CRBG to generate $5.81B in revenue.
