Value Investing Philosophy And Corebridge Financial Inc. (NYSE: CRBG)?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Recently, Yahoo Finance discussed the stock, revealing that Americans Embracing Possibility of Living to 100, Many Expecting Over Three Decades of Retirement.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

Stocks Info

CRBG belongs to the Financial sector of the NYSE while operating in the Asset Management industry. The current market capitalization of Corebridge Financial Inc. is $17.65B. A total of 5.64 million shares were traded on the day, compared to an average of 4.16M 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

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Corebridge Financial Inc. pays an annual dividend of $0.89, resulting in a dividend yield of 3.15%, and it has a price to earnings (P/E) ratio of 16.83. 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.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, CRBG has a high of $27.78 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

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. 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

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. 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.

Most Popular

Related Posts