It makes sense and dollars to buy Corebridge Financial Inc (CRBG) stock

With 3.7 million shares changed hands, the volume of the stock remained heavier than its average volume of 3.02 million shares. During the session, the Asset Management company that operates in wider Financial sector, reached to the highest price of $32.965 whereas the lowest price it dropped to was $31.84. The 52-week range on CRBG shows that it touched its highest point at $34.66 and its lowest point at $18.75 during that stretch. It currently has a 1-year price target of $35.29. With its current market cap of 18.12 billion, CRBG has annualized dividend of $0.92 while the current yield stands at 2.89%. Beta for the stock currently stands at 0.92.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CRBG was up-trending over the past week, with a rise of 0.25%, but this was up by 6.88% over a month. Three-month performance surged to 21.29% while six-month performance rose 5.29%. The stock gained 66.08% in the past year, while it has gained 47.05% so far this year. A look at the trailing 12-month EPS for CRBG yields -2.08 with Next year EPS estimates of 5.60. For the next quarter, that number is 1.27. This implies an EPS growth rate of 15.51% for this year and 18.21% for next year.

Float and Shares Shorts:

At present, 621.66 million CRBG shares are outstanding with a float of 249.23 million shares on hand for trading. On 2024-10-15, short shares totaled 9.8 million, which was 171.0 higher than short shares on 1726185600. In addition to Mr. Kevin Timothy Hogan as the firm’s President, CEO & Director, Mr. Elias Farid Habayeb serves as its Executive VP & CFO.

Institutional Ownership:

Through their ownership of 1.04631 of CRBG’s outstanding shares, institutional investors have minority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CRBG since 12 analysts follow the stock currently. There are 8 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 4 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With CRBG analysts setting a high price target of 39.0 and a low target of 33.0, the average target price over the next 12 months is 35.0. Based on these targets, CRBG could surge 22.45% to reach the target high and rise by 3.61% to reach the target low. Reaching the average price target will result in a growth of 9.89% from current levels.

Analysts have provided yearly estimates in a range of $4.87849 being high and $4.65442 being low. For CRBG, this leads to a yearly average estimate of $4.7359. The surprise factor in the prior quarter was $1.09. Based on analyst estimates, the high estimate for the next quarter is $1.38 and the low estimate is $1.2. The average estimate for the next quarter is thus $1.31.