What Are The Chances Of Corebridge Financial Inc. (NYSE: CRBG) Becoming A Clear Buy?

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. The stock was recently discussed on Yahoo Finance as it revealed that Americans Embracing Possibility of Living to 100, Many Expecting Over Three Decades of Retirement.

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Stocks Info

As a NYSE listed company, CRBG falls under the Financial sector while operating within the Asset Management industry segment. The current market capitalization of Corebridge Financial Inc. is $16.08B. A total of 4.28 million shares were traded on the day, compared to an average of 3.99M shares.

In the most recent transaction, AMERICAN INTERNATIONAL GROUP, sold 6,210,256 shares of CRBG for 21.75 per share on Dec 18 ’23. After the transaction, the 10% Owner now owns 324,203,636 company shares. In a previous transaction on Dec 05 ’23, 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 ’23 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 ’23. Company shares held by the 10% Owner now total 415,413,892.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Corebridge Financial Inc. pays an annual dividend of $0.89, resulting in a dividend yield of 3.45%, and it has a price to earnings (P/E) ratio of 15.34. CRBG’s most recent ex-dividend date was 3/14/2024 when it declared a $0.23 quarterly dividend that was paid in cash on 3/29/2024. Previously, the company paid the dividend on 12/29/2023 with an ex-dividend date of 12/14/2023. The CRBG stock dividend was $0.23 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, CRBG has a high of $26.01 and a low of $12.72.

As of this writing, CRBG has an earnings estimate of $1.12 per share for the current quarter. EPS was calculated based on a consensus of 11 estimates, with a high estimate of $1.19 per share and a lower estimate of $1.08. The company reported an EPS of $1.05 in the last quarter, which was 1.90% higher than expectations of $1.03.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s 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 $18.93, 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 4.29.

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