The price of Corebridge Financial Inc (NYSE:CRBG) shares last traded on Wall Street rose 2.71% to $31.47.
CRBG stock price is now 4.26% away from the 50-day moving average and 10.76% away from the 200-day moving average. The market capitalization of the company currently stands at $17.90B.
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With the price target of $35, TD Cowen recently initiated with Buy rating for Corebridge Financial Inc (NYSE: CRBG). On September 05, 2024, Barclays recently initiated its ‘Equal Weight’ rating on the stock quoting a target price of $33, while ‘Citigroup’ rates the stock as ‘Neutral’
In other news, AMERICAN INTERNATIONAL GROUP, , 10% Owner sold 30,000,000 shares of the company’s stock on Nov 07 ’24. The stock was sold for $936,000,000 at an average price of $31.20. Upon completion of the transaction, the 10% Owner now directly owns 249,238,898 shares in the company, valued at $7.84 billion. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 16 ’24, 10% Owner AMERICAN INTERNATIONAL GROUP, sold 5,000,000 shares of the business’s stock. A total of $144,300,000 was realized by selling the stock at an average price of $28.86. This leaves the insider owning 279,238,898 shares of the company worth $8.79 billion. A total of 52.83% of the company’s stock is owned by insiders.
During the past 12 months, Corebridge Financial Inc has had a low of $19.54 and a high of $34.66. The fifty day moving average price for CRBG is $30.1056 and a two-hundred day moving average price translates $28.37375 for the stock.
The latest earnings results from Corebridge Financial Inc (NYSE: CRBG) was released for 2024-09-30. The net profit margin was -8.74% 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.
