After Hours
There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Corebridge Financial Inc. (CRBG) shows that investor sentiment remained same, with the stock’s consolidated last price to $24.17. The Corebridge Financial Inc. has recorded 27,798 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Corebridge Financial Announces $150 Million Share Repurchase from AIG and Blackstone.
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Stocks Info
This NYSE-listed company operates within the Asset Management industry segment, falling under the Financial sector. At the end of the last regular session, the stock closed at $24.17 and fluctuated between $24.28 as its day high and $23.89 as its day low. The current market capitalization of Corebridge Financial Inc. is $15.67B. A total of 3.57 million shares were traded on the day, compared to an average of 4.08M shares.
Insider Activity
Insider trades can also provide insight into a stock’s future direction. During the recent three months, CRBG has seen 0 BUY and 1 SELL insider trades, representing the acquisition of 0 and the disposition of 50,000,000 shares. Over the last 12 months, there were 19 BUYs and 33 SELLs from insiders. Insiders purchased 503,650 shares during that period but sold 136,067,561.
In the most recent transaction, AMERICAN INTERNATIONAL GROUP, sold 6,210,256 shares of CRBG for 21.75 per share on Dec 18. After the transaction, the 10% Owner now owns 324,203,636 company shares. In a previous transaction on Dec 05, AMERICAN INTERNATIONAL GROUP, sold 35,000,000 shares at 20.50 per share. CRBG shares that 10% Owner owns now total 330,413,892.
Among the insiders who sold shares, AMERICAN INTERNATIONAL GROUP, disposed of 50,000,000 shares on Nov 08 at a per-share price of $20.50. This resulted in the 10% Owner holding 365,413,892 shares of CRBG after the transaction. In another insider transaction, AMERICAN INTERNATIONAL GROUP, sold 10,981,108 shares at $16.41 per share on Jun 23. Company shares held by the 10% Owner now total 415,413,892.
Dividend
The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Corebridge Financial Inc. pays an annual dividend of $2.69, resulting in a dividend yield of 11.15%, and it has a price to earnings (P/E) ratio of 8.39. CRBG’s most recent ex-dividend date was 12/14/2023 when it declared a $0.23 quarterly dividend that was paid in cash on 12/29/2023. Previously, the company paid the dividend on 11/22/2023 with an ex-dividend date of 11/10/2023. The CRBG stock dividend was $1.16 per share in cash.
Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, CRBG has a high of $24.17 and a low of $12.72.
As of this writing, CRBG has an earnings estimate of $Corebridge Financial Inc. per share for the current quarter. EPS was calculated based on a consensus of Caribou Biosciences, Inc. estimates, with a high estimate of $Capital City Bank Group per share and a lower estimate of $Corbus Pharmaceuticals Holdings.
Balance Sheet Annually/Quarterly
In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. CRBG’s latest balance sheet shows that the firm has $204.58B in Cash & Short Term Investments as of fiscal 2021. There were $15.68B in debt and $43.46B in liabilities at the time. Its Book Value Per Share was $12.91, while its Total Shareholder’s Equity was $28.93B.
Analysts Opinion
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CRBG is Buy with a score of 4.31.
