Corebridge Financial Inc. [NYSE: CRBG] stock went on a downward path that fall over -1.18% on Wednesday, amounting to a one-week price decrease of less than -1.35%.
Over the last 12 months, CRBG stock rose by 67.51%. The one-year Corebridge Financial Inc. stock forecast points to a potential upside of 17.11. The average equity rating for CRBG stock is currently 1.75, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $16.86 billion, with 621.66 million shares outstanding and 253.49 million shares in the current float. Compared to the average trading volume of 3.24M shares, CRBG stock reached a trading volume of 3398781 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Corebridge Financial Inc. [CRBG]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CRBG shares is $34.36 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CRBG stock is a recommendation set at 1.75. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Citigroup have made an estimate for Corebridge Financial Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on July 11, 2023. While these analysts kept the previous recommendation, UBS raised their target price to Buy. The new note on the price target was released on June 29, 2023, representing the official price target for Corebridge Financial Inc. stock. Previously, the target price had yet another drop from $24 to $18, while Citigroup kept a Neutral rating on CRBG stock. On April 04, 2023, analysts decreased their price target for CRBG shares from 25 to 23.
The Average True Range (ATR) for Corebridge Financial Inc. is set at 0.72, with the Price to Sales ratio for CRBG stock in the period of the last 12 months amounting to 0.93. The Price to Book ratio for the last quarter was 1.55.
CRBG Stock Performance Analysis:
Corebridge Financial Inc. [CRBG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.35. With this latest performance, CRBG shares gained by 14.38% in over the last four-week period, additionally plugging by 15.77% over the last 6 months – not to mention a rise of 67.51% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CRBG stock in for the last two-week period is set at 51.50, with the RSI for the last a single of trading hit 51.18, and the three-weeks RSI is set at 50.78 for Corebridge Financial Inc. [CRBG]. The present Moving Average for the last 50 days of trading for this stock 28.54, while it was recorded at 28.93 for the last single week of trading, and 26.29 for the last 200 days.
CRBG Stock EPS
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CRBG. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Corebridge Financial Inc. go to 16.00%.
Corebridge Financial Inc. [CRBG] Institutonal Ownership Details
There are presently around $101.11%, or 101.36%% of CRBG stock, in the hands of institutional investors. The top three institutional holders of CRBG stocks are: AMERICAN INTERNATIONAL GROUP, INC. with ownership of 294.2 million shares, which is approximately 47.148%. BLACKSTONE INC., holding 61.96 million shares of the stock with an approximate value of $$1.8 billion in CRBG stocks shares; and BLACKSTONE INC., currently with $$682.61 million in CRBG stock with ownership which is approximately 3.7566%.
