Corebridge Financial Inc. [NYSE: CRBG] closed the trading session at $27.01.
The stocks have a year to date performance of 24.70 percent and weekly performance of -8.63 percent. The stock has been moved at 10.29 percent over the last six months. The stock has performed 4.29 percent around the most recent 30 days and changed -6.54 percent over the most recent 3-months.
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If compared to the average trading volume of 3.17M shares, CRBG reached to a volume of 5794700 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about 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.
Barclays have made an estimate for Corebridge Financial Inc. shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on September 05, 2024. While these analysts kept the previous recommendation, Citigroup raised their target price from $18 to $19. The new note on the price target was released on July 11, 2023, representing the official price target for Corebridge Financial Inc. stock. Previously, the target price had yet another raise to $22, while UBS analysts kept a Buy rating on CRBG stock. On April 11, 2023, analysts decreased their price target for CRBG shares from 24 to 18.
The Average True Range (ATR) for Corebridge Financial Inc. is set at 0.80, with the Price to Sales ratio for CRBG stock in the period of the last 12 months amounting to 0.88. The Price to Book ratio for the last quarter was 1.47.
CRBG stock trade performance evaluation
Corebridge Financial Inc. [CRBG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -8.63. With this latest performance, CRBG shares gained by 4.29% in over the last four-week period, additionally plugging by 10.29% over the last 6 months – not to mention a rise of 60.02% 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 40.40, with the RSI for the last a single of trading hit 35.60, and the three-weeks RSI is set at 42.76 for Corebridge Financial Inc. [CRBG]. The present Moving Average for the last 50 days of trading for this stock 28.42, while it was recorded at 27.75 for the last single week of trading, and 26.40 for the last 200 days.
Earnings per share (EPS) analysis for Corebridge Financial Inc. [CRBG] stock
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]: Institutional Ownership
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%.
