In yesterday’s Wall Street session, Corebridge Financial Inc (NYSE:CRBG) shares traded at $31.70, up 3.29% from the previous session.
CRBG stock price is now 2.67% away from the 50-day moving average and 7.89% away from the 200-day moving average. The market capitalization of the company currently stands at $18.03B.
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With the price target enhanced from $33 to $40, Deutsche Bank Upgraded its rating from Hold to Buy for Corebridge Financial Inc (NYSE: CRBG). On January 06, 2025, Barclays Upgraded its previous ‘Equal Weight’ rating to ‘Overweight’ on the stock keeping its target price maintained at $37, while ‘TD Cowen’ rates the stock as ‘Buy’
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 $4.03 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 $7.9 billion. A total of 33.55% of the company’s stock is owned by insiders.
During the past 12 months, Corebridge Financial Inc has had a low of $23.01 and a high of $34.66. The fifty day moving average price for CRBG is $30.875 and a two-hundred day moving average price translates $29.36595 for the stock.
The latest earnings results from Corebridge Financial Inc (NYSE: CRBG) was released for 2024-09-30. The net profit margin was -8.68% 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.
